Signal That Sparked 630% XRP Price Rally In 2024 Just Got Triggered Again

The XRP price action could be setting up for a major rally as a key bullish signal has just reappeared on the charts. According to crypto analyst Ali Martinez, this historical indicator previously preceded a massive 630% surge in XRP’s price back in 2024. Now, with the same signal flashing again, the analyst points to the potential of another strong move to the upside. 

XRP Price Flashes Historically Bullish Signal

A potentially explosive historical signal has just resurfaced on the XRP price chart, fueling optimism for a potential breakout ahead. In his latest XRP analysis report on X social media, Martinez reveals that the cryptocurrency’s Market Value to Realized Value (MVRV) ratio has flashed a Golden Cross—a pattern generally associated with powerful bullish momentum.

Martinez highlighted that the last time his MVRV ratio crossover appeared, in 2024, XRP skyrocketed by over 630%, marking one of its most dramatic price moves in recent years. Now, the same bullish pattern has been triggered again, fueling speculation of a potential history repeat. 

The analyst’s chart shows the MVRV ratio, in orange, spiking above its 200-day Moving Average (MA), in red, with XRP’s price already beginning to respond positively. At the time of writing, XRP is trading at $3.43, displaying healthy momentum compared to past months, during which its price was stuck in a consolidation range above $2. Although the cryptocurrency surged significantly above $3.5 earlier this week, it has since retraced by approximately 3.8% to its current price, according to CoinMarketCap.

If history is any guide, the reemergence of the MVRV ratio Golden Cross could open the door to further upside, potentially positioning XRP for a new multi-month rally. Members of the crypto community who have taken note of this historically bullish signal are already forecasting a potential surge to $22, representing a whopping 541% climb from XRP’s current levels. 

Analyst Sets XRP Price Target Above $20

The XRP price could see a historic rally to new all-time highs before the end of this cycle, as an X crypto market expert, Shawn Mark, points to past chart patterns that suggest a potential surge above $20 is imminent. According to the analysis, XRP has just broken out of a multi-year consolidation phase within a Symmetrical Triangle pattern, similar to the one it formed before its explosive surge in the 2017 bull cycle. 

Back then, XRP skyrocketed from under $0.01 to nearly $3.50 in a parabolic move, representing a more than 60x increase. Now, current chart formations suggest that the latest triangle breakout mirrors the same historic pattern almost identically. If this fractal plays out again with similar bullish momentum, XRP’s projected target this time could land in the $20 range, with a precise peak prediction at $20.25.