π SEC Case Nearing Resolution
Attorney Jeremy Hogan suggests that the Ripple vs. SEC case could close soon. Additionally, a potential XRP ETF approval could trigger a parabolic rally, adding to bullish momentum.
π XRPβs MVRV Ratio Signals Buying Opportunity
XRPβs Market Value to Realized Value (MVRV) ratio has dropped to -11%, meaning many holders are at an unrealized loss. Historically, when MVRV enters negative territory, XRP sees strong recoveries, hinting at a potential move past $6.
π Whales Accumulate XRP
Addresses holding over 1M XRP tokens have become active again, signaling whale accumulation. Increased whale activity often precedes major price rallies, reinforcing the bullish outlook.
π XRP Maintains Long-Term Uptrend
Despite the pullback, XRP is still above its 200-day EMA, showing technical strength. Key resistance levels are at $3.41 and $4.43βflipping them could ignite a 300% rally to $6.07.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.