XRP's 630% Price Catalyst Returns as Whale Longs Top $1M
Main Idea
Analysts predict a potential 630% price surge for XRP based on historical patterns and current whale activity, with key indicators suggesting a major breakout.
Key Points
1. The last time a similar pattern appeared, XRP's price surged by 630%, and current technical indicators suggest another potential breakout.
2. Analyst Martinez predicts XRP could rise from $3.48 to $21.90, aligning with the 'Valhalla Gate' catalyst and a potential $15 target.
3. Whale activity shows significant accumulation, with over 2.2 billion XRP moved and large long positions (e.g., $1.02M and $1.31M) opened near $3.44.
4. Weekly fund inflows into XRP-linked vehicles reached $36.1 million, and whale transfers exceeded $1 billion, signaling institutional interest.
5. Technical analysis suggests a possible price range of $4–6 by year-end, with whale activity indicating anticipation of a major upward move.
Description
Will XRP’s Price See a 630% Increase This Time Round? Martinez recently highlighted that the Market Value to Realized Value (MVRV) ratio for XRP flashed a golden cross, a technical signal that often precedes major price rallies. The last time this exact pattern appeared, XRP went into an overdrive mood, soaring by 630% in what can be marked as one of its most explosive bullish runs. An MVRV golden cross signals growing investor confidence as short-term and long-term holder metrics align often de...
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