XRP Golden Cross and SEC Lawsuit Drop Spark Bullish Outlook
XRP’s MVRV ratio has flashed a rare golden cross, a bullish signal that historically preceded rallies of 630% and 54%. This technical breakout follows Ripple and the SEC jointly dropping appeals in their five-year lawsuit, boosting market confidence. XRP traded near $3.32, up 12% over the past week. On the derivatives side, 24-hour futures volume surged 208% to $12.4 billion—surpassing Solana (SOL)—while open interest rose 15% to $5.9 billion.
If this bullish momentum continues, traders may test resistance at $3.66 and target $5.11 for a 54% gain or even $24 for a 630% rally. Key support levels lie at $3.00, $2.96 and the 50-day simple moving average of $2.76. Positive funding rates suggest higher liquidation risk for shorts in the short term. These factors position XRP for a potential bullish run, making price targets and technical levels critical for traders.
Bullish
XRP’s rare MVRV golden cross is a strong technical buy signal that has historically preceded major price rallies. Combined with the legal resolution of the SEC lawsuit, this development boosts trader confidence and reduces regulatory uncertainty. The accompanying surge in futures volume and open interest indicates heightened market participation and bullish leverage, suggesting strong short-term momentum. Over the long term, clear legal status and positive technical indicators could underpin sustained upward pressure. However, high funding rates and key support levels warrant monitoring to manage liquidation risk and confirm trend continuation.