XRP has formed a rare golden cross pattern on its market-value-to-realized-value (MVRV) ratio, historically indicating potential for major price appreciation. Blockchain analytics reveals that XRP previously surged 630% and 54% following similar MVRV ratio golden cross formations.
The recent resolution of the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs has substantially boosted market confidence, triggering a 208% spike in XRP derivatives volume to $12.4 billion. This elevated trading activity briefly propelled XRP futures volume past Solana, reflecting renewed institutional interest following the legal clarity.
Technical analysis suggests two primary price targets based on historical precedents: an ambitious $24 target (representing a 630% upside) or a moderate $5.11 target (54% upside). Support levels are established at $3.00 and $2.96, with the 50-day simple moving average providing additional stability at $2.76 should market headwinds reemerge.