XRP has surged to $3.33, testing critical resistance between $3.35 and $3.50 while building robust support near the $3.00 threshold. This upward momentum coincides with a significant technical occurrence observed last month, when the Market Value to Realized Value (MVRV) ratio crossed above its 200-day moving average – a rare golden cross event recognized for its historical bullish implications.
Historical data reveals similar MVRV golden crosses preceded substantial XRP price appreciations of 630% and 54% in prior cycles, suggesting potential for amplified movement as the pattern reemerges after extended consolidation. Supporting indicators reinforce this outlook, with the Relative Strength Index (RSI) steady at 61.34 indicating sustainable momentum without overbought conditions, while the Moving Average Convergence Divergence (MACD) approaches a bullish crossover signaling accelerating buyer interest.
Should XRP fail to breach the immediate resistance band, strong foundational support awaits around $3.00, reinforced by secondary defenses near $2.50. Market analysts highlight the convergence of these positive technical factors – particularly the MVRV golden cross validated by steady volume and oscillator readings – as a compelling setup for potential price expansion in the near term.