XRP Shows Potential for Bullish Momentum Amid Golden Cross and Key Resistance Levels

Key Points

1. XRP’s MVRV golden cross historically precedes substantial price rallies, with potential increases of up to 630%.

2. The NVT ratio’s 46.1% decline to 95.88 suggests improved transaction efficiency and stronger on-chain activity, often preceding bullish price action.

3. Short squeezes are adding upward pressure on XRP’s price, with $3.03 million in short liquidations compared to $290K for longs.

4. Key resistance levels for XRP are at $3.46 and $3.66; a breakout above these could target $4.23, but recent rejections near $3.46 indicate potential challenges.

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