The XRP price has surged over 10% in the past week, solidifying its position as the third-largest cryptocurrency with a current value of $3.31. According to analyst Ali Martinez, a critical bullish signal – the Market Value to Realized Value (MVRV) ratio crossing above its 200-day moving average (a golden cross) – has appeared for the third time in XRP's history.
Historical data reveals the last two golden crosses preceded massive rallies: a 630% surge in the first instance and a 54% gain in the second. Martinez projects that if the pattern repeats, XRP could see similar exponential growth. Conservative estimates target $5.10 (a 54% increase), while an aggressive scenario could push prices to $24 (a 630% surge), potentially elevating XRP's market cap to $1.44 trillion.
Fundamental tailwinds support this technical outlook, including the recent resolution of Ripple's near-five-year legal battle with the SEC. Both parties filed to dismiss appeals, removing a major uncertainty that previously suppressed XRP's price. Analysts like EGRAG further bolster optimism with cycle projections of $10-$27.