XRP Price Highly Rare Bullish Signal Eyes 630% Moonshot Past $20, Top Trader Says
2025-07-17 16:44:21
Main Idea
Analyst Ali Martinez suggests XRP could see a 630% price surge based on a bullish MVRV ratio signal, amid growing institutional support and ETF approvals.
Key Points
1. XRP's MVRV ratio has flashed a golden cross, a signal that previously preceded a 630% price surge for the cryptocurrency.
2. XRP recently broke out from its long-term range, hitting $3.30 and gaining over 31% in the past week, outperforming Bitcoin and Ethereum.
3. The ProShares Ultra XRP ETF has been approved by the NYSE, and Canada has already listed spot XRP ETFs, indicating growing institutional confidence.
4. Ripple appointed BNY Mellon as the primary custodian for its RLUSD stablecoin, potentially increasing demand for XRP if it gains stablecoin market share.
5. A 630% surge from XRP's current price of $3.24 would imply a target of around $20, should historical patterns repeat.
Description
Ripple-affiliated XRP could see further upside volatility, according to an on-chain metric that has just flashed a super rare bullish signal. According to closely followed crypto analyst Ali Martinez, XRP’s MVRV ratio flipping bullish suggests the crypto’s big 630% upside burst could be on the horizon. Bullish MVRV Ratio Puts XRP Price Target At $20
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