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Could XRP Hit $25 in Months? This Indicator and History Say It’s Possible
Ripple’s cross-border token has joined the altcoin pack by posting substantial gains over the past few days, now trading close to its previous all-time high. One indicator suggests that the asset could experience another massive double or even triple-digit rally, given its historical performance.
MVRV Golden Cross
It was only a week ago when XRP struggled below $2.8 after losing the critical $3 support. The asset had plunged by over 20% since its new all-time high marked in mid-July and analysts were quick to warn about another crash that could take it to and below $2.4. However, this is not what transpired. Perhaps driven by the overall market resurgence and the much-anticipated conclusion of Ripple’s legal battle against the US SEC, XRP went on a tear in recent days and soared past $3.3 earlier today, thus proving the doubters wrong.
XRP has now added nearly 40% of its value in just one month and stands merely 9% away from reaching its previous all-time high of $3.65. What’s perhaps even more bullish is the formation of an MVRV golden cross, as pointed out by Ali Martinez. When this occurred in late 2024, Ripple’s token skyrocketed from $0.5 to $3.4 within months, resulting in a gain of roughly 600%. Then, the signal appeared once again in July and XRP broke out of its consolidation range at around $2.2 and jumped to the aforementioned ATH of $3.65 (approximately 60% surge). The last two times the MVRV ratio flashed a golden cross, $XRP soared by 630% and then by 54%. That signal just appeared once more.
If history repeats itself now and XRP mimics the triple-digit pump, it could go well beyond $20 and potentially reach as high as $25. Even if the less bullish scenario materializes, it would still put the asset’s price at around $5, which would represent a new all-time high for XRP.
Source: cryptopotato.com
