XRP price could observe another impressive upsurge from the current level, as the MVRV Ratio flashes its third golden cross since November 2024.
Market analyst Ali Martinez first called attention to this development in a recent analysis. Notably, the analysis comes on the back of XRP’s recovery push following the final resolution of the SEC vs. Ripple lawsuit, with XRP attempting to recover its yearly peak of $3.66.
Amid this push, Martinez found that the MVRV Ratio has flashed a bullish sign. For context, analysts use the MVRV ratio to measure how a crypto asset’s market cap compares to the average purchase price of all coins in circulation. It helps to assess whether the coin is overvalued or undervalued at its current price.
Past Golden Cross Instances
Notably, a golden cross occurs on the MVRV Ratio when the short-term MVRV moves above the long-term MVRV. It often materializes during sharp short-term price spikes, indicating that the market is showing strengthening momentum.
Data from Martinez’s chart shows that such a golden cross has historically been an important indicator of an imminent surge in XRP price. According to the chart, it appeared in early November 2024, as XRP observed an initial short-term price spike following Donald Trump’s victory.
After the MVRV ratio flashed the golden cross, XRP price skyrocketed further, eventually breaching the $2 and $3 psychological marks in one fell swoop. According to Ali Martinez, during this run, XRP rallied by an impressive 630% following the golden cross.
The event occurred again in early July, as XRP showed signs of recovery after the consolidation that lasted from February to June 2025. Following the golden cross in early July, XRP surged again, rallying to a new peak of $3.66 by July 18. Martinez noted that this second rally involved a less explosive 54% increase.
Another MVRV Ratio Golden Cross: How Could XRP Price React?
Despite the varying degrees of upsurge, the takeaway is that an MVRV Ratio golden cross often precedes an XRP price increase. Now, Martinez has identified a third golden cross, which took shape as XRP recovered from a dip below $3 earlier this month.
If the trend repeats, this latest cross could lead to another surge in XRP price. With XRP currently trading for $3.3 at press time, a 630% rally, similar to the November 2024 pattern, would lead to a price of $24. Interestingly, XRP critic and Bitcoin maxi Davinci Jeremie predicted earlier this year that XRP could reach $24 this cycle.
Meanwhile, if XRP follows the July trend, a 54% rise could push prices to $5. DustyBC, a prominent YouTuber, previously argued that an XRP price below $5 is cheap.
Notably, an alternative path the XRP price could take would be to rally at the average of both rallies, which amounts to 342%. Interestingly, following this route, which could take months to complete, would push XRP price to a peak of $14.4.
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