- XRP is showing strong bullish signals, holding above $2 amid a surge in on-chain activity and a key MVRV Ratio crossover suggesting a macro trend shift.
- With daily transfers hitting 647 million and ETF approval odds rising to 85%, XRP could be on the verge of a major breakout toward $5.
Despite the current bearish undertones shaking the broader crypto market, Ripple’s XRP is displaying remarkable resilience — firmly holding above the critical $2 psychological level. This surprising show of strength may just be the calm before a massive storm — the bullish kind.
Renowned market analyst Ali Martinez has identified a significant signal: XRP’s MVRV Ratio has dipped below its 200-day moving average. This metric crossover could indicate the beginning of a major macro trend shift, suggesting XRP might be gearing up for a powerful upward breakout.
Adding to the optimism, Alpha Lions Academy founder Edo Farina chimed in with confidence, stating, “Watching XRP at $2.11 feels like a walk in the park. I remember when dropping below $0.50 was considered a ‘crash.’”
XRP’s Transfer Volume Explodes – A Bullish Signal?
On-chain data is backing up the bullish sentiment. Ripple Scan reported a stunning spike in XRP transfer activity, with daily transfers recently reaching 647 million — a number not seen in weeks. Such a dramatic uptick in movement could be a sign of growing investor interest and speculation about a larger move on the horizon.
As XRP’s on-chain volume continues to swell, confidence across the community builds. The token, currently hovering around $2.05 according to CoinGecko, is showcasing strength not only in price but also in user engagement.
XRP ETF Hopes Fuel Long-Term Optimism
To top it all off, the odds of a spot XRP exchange-traded fund (ETF) getting the green light have reportedly jumped to 85%. Should approval come through, this could usher in a wave of institutional demand and potentially propel XRP to a new all-time high — possibly beyond the $5 mark.
Crypto influencer John Squire echoed this sentiment, suggesting XRP could be the catalyst for “early retirements” if its bullish trajectory continues.
With strong technicals, surging on-chain metrics, and ETF optimism swirling — XRP may finally be nearing the end of its long tunnel, with a breakout waiting on the other side.
