XRP Breakout Dey Loom After MVRV Golden Cross & 46% NVT Drop
XRP dey trade for $3.32 after im MVRV ratio cross pass realized value, mark gold cross wey historically dey come before rallies of 600% or more. Meanwhile, NVT ratio don drop 46% to 95.88, showing say on-chain efficiency don improve and bullish momentum dey strong.
Technically, XRP dey face resistance for 0.618 Fibonacci retracement near $3.30, with key barriers for $3.46 and $3.66. If e clear break pass $3.46 with steady volume, e fit open road go $4.23. Traders suppose watch for more buying pressure to pass supply for these levels.
On-chain data show potential short squeeze, with $3.03 million short positions liquidate compared to $290k longs. Binance heatmap show liquidity cluster between $3.40 and $3.48, making this zone critical for correct breakout.
Bullish
Dis news dey bullish for XRP. Di MVRV golden cross don show again weh mean say market value don pass di realized cost, na sign weh dem dey always see wen price dey shoot up well well. Di drop of 46% for di NVT ratio show say di network dey better and on-chain activity dey increase. On-chain liquidations don clear $3.03m of shorts against only $290k of longs, meaning say short squeeze fit happen wey fit push price up quick. For technical side, di Fibonacci resistance levels for $3.46 and $3.66 need strong volume to break, and if e fit break $3.46, e go clear road to $4.23. For short term, traders suppose dey watch buying volume and liquidity clusters to sabi when to enter; if breakout succeed, e fit boost price more. For long term, if demand continue and NVT still dey low, e fit support bigger uptrend.