Key XRP Bullish Indicator Flashes; A 630% Surge in XRP Price Value Could be Witnessed
Main Idea
A key bullish indicator for XRP has reappeared, suggesting a potential 630% surge, amid growing market optimism and recent price increases.
Key Points
1. The MVRV ratio's 'golden cross' signal, which previously preceded a 630% surge in XRP, has appeared again.
2. XRP's price recently surged by 36%, reaching $3.41 for the first time since January 2018.
3. XRP's market cap has surpassed $200 billion, reclaiming its position as the third-largest cryptocurrency.
4. Market participants, including Bill Morgan, suggest that an RLUSD and XRP pair listing could drive the price to $4.
5. Despite recent gains, XRP has retreated from its all-time high and is currently trading at $2.91.
Description
Ripple’s XRP could be on the verge of kickstarting a long-term bull rally, as a key market indicator associated with a previous massive price rally resurfaces. The signal comes amid growing optimism among market players, following the altcoin’s notable surge in value over the last week. In a post shared to X, prominent analyst Ali_Charts,
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