Is XRP’s rare MVRV signal hinting at a breakout above $4?

Key Points

1. XRP's MVRV historically preceded rallies of 630% and 54%, indicating potential undervaluation or overvaluation.

2. A breakout above $3.46 could pave the way toward $4.23, but recent rejections near this level suggest supply pressure remains.

3. XRP’s NVT Ratio has plunged by 46.1% in the past 24 hours, which historically precedes bullish price action.

4. Liquidation data shows shorts faced $3.03 million in losses against $290K for longs, indicating a potential short squeeze.

5. Dense liquidity clusters between $3.40 and $3.48 suggest a breakout above this range could trigger further upward movement.