🔥 XRP Sends Historic Bullish Alert—Bulls on Standby! 🚨🚀
koinmilyoner
Updated at: 5 hours ago
{"content":"🔥 XRP Sends Historic Bullish Alert—Bulls on Standby! 🚨🚀
XRP may be about to rise as a crucial bullish indicator returned to the charts. Crypto expert Ali Martinez says this indication predicted XRP's 630% price rise in 2024. With the same indicator flashing again, the expert predicts another big uptrend.
A potentially explosive historical signal has emerged on the XRP price chart, boosting breakout hopes. Martinez's recent XRP research report on X social media shows that the cryptocurrency's Market Value to Realized Value (MVRV) ratio has struck a Golden Cross, indicating strong bullish momentum.
XRP rose over 630%, one of its biggest price swings in years. It seems that history may repeat itself since the same bullish pattern has been activated again.
In the analyst's chart, the MVRV ratio, in orange, spiked over its 200-day Moving Average (MA), in red, and XRP's price began to rise. XRP is trading at $3.43, showing robust momentum after months of consolidation above $2. The cryptocurrency shot over $3.5 earlier this week, but CoinMarketCap says it has already retraced 3.8% to its present price.
The reemergence of the MVRV ratio Golden Cross might set XRP up for a multi-month rise, according to history. Crypto community members who have seen this historically positive indicator are predicting a 541% rise from XRP's current values to $22.
Shawn Mark, an X crypto market specialist, says prior chart patterns imply a historic run to new all-time highs for XRP before the cycle ends. It seems like XRP has broken out of a multi-year consolidation period inside a Symmetrical Triangle pattern, identical to the one it established before its 2017 bull cycle surge.
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