XRP’s Rare Golden Cross Signals Potential for Significant Price Movements Amid Legal Resolution
Main Idea
XRP's rare golden cross on the MVRV ratio signals potential for significant price movements, with historical data suggesting possible rallies of up to 630%.
Key Points
1. XRP has previously surged by 630% and 54% following similar golden cross signals on the MVRV ratio.
2. The conclusion of the SEC lawsuit against Ripple Labs has boosted market confidence and trading volume for XRP.
3. Potential price targets for XRP include $24 (630% increase) or $5.11 (54% increase) based on historical performance.
4. XRP futures activity surged by 208% to $12.4 billion following the lawsuit resolution, overtaking Solana in trading volume.
5. Key support levels for XRP are identified at $3, $2.96, and the 50-day SMA at $2.76 if selling pressure returns.
Description
XRP has just flashed a rare golden cross on the MVRV ratio, historically indicating potential price rallies of up to 630% based on past performance. XRP’s MVRV ratio golden cross
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