- A key on-chain signal that preceded a 630% XRP rally in 2024 has flashed again on the charts
- This “MVRV Golden Cross” is now being seen by traders as a potential “God Candle” signal for the asset
- The historical parallel suggests a massive, explosive price move could be on the horizon for XRP
A key on-chain indicator that preceded XRP’s last major bull run has flashed again, leading one renowned analyst to suggest the digital asset could be preparing to repeat a historic 630% rally.
The signal, a “Golden Cross” on XRP’s MVRV ratio, was highlighted by the crypto analyst Ali Martinez. His analysis comes as XRP has already surged nearly 45% over the past two weeks, breaking out of a long consolidation period.
Related: “They Already Paid in Cash. Sorry.”: Ex-SEC Official Debunks XRP Rumors
A Look at the “MVRV Golden Cross”
The Golden Cross indicator that the analyst spotted shows that XRP’s MVRV ratio has crossed above the 200-day moving average on the XRP/USD daily chart. The MVRV ratio is an on-chain metric comparing an asset’s market capitalization to its “realized” capitalization (the value of all coins at the price they were last moved).
A cross like this is seen by analysts as a powerful, long-term bullish signal. And the last time this signal appeared for XRP was in the final quarter of 2024, shortly before the altcoin’s most significant rally in recent years.
History Rhymes: The 630% Rally of 2024
Following that last MVRV Golden Cross, XRP broke above its long-term resistance and surged an explosive 630% to reach a new all-time high.
The rally continued into the first quarter of 2025 before the tariff-influenced crypto market crash caused a massive XRP pullback.
Now, the same signal has returned. A simple mathematical calculation based on the previous 630% rally would suggest a potential long-term price target of $22 for XRP if the fractal were to repeat perfectly.
XRP Price Move
The recent resurgence in the crypto market is significant for XRP, which has become one of the top gainers over the past 10 days. According to data from TradingView, XRP’s price has surged nearly 45% within the past two weeks. The crypto asset’s price rose from $2.2495 during this period to trade for $3.2519 at the time of writing.
XRP’s latest move marked a significant breakout from a protracted sideways trend, which highlighted an accumulation period after the Q4 2024/Q1 2025 rally.
Related: XRP Price Today: XRP Breaks Above $3.00 as Bulls Extend Symmetrical Triangle Rally
In the meantime, it is crucial to note that bullish momentum is building in the altcoin market, and many users believe the altseason is still in its early stages.
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