XRP Golden Cross and SEC Lawsuit Drop Dem Spark Beta Market Outlook
XRP MVRV ratio don flash rare golden cross, na bullish signal wey usually dey come before rally of 630% and 54%. This technikal breakout follow as Ripple and SEC join hand drop appeal for their five-year lawsuit, e boost market confidence. XRP dey trade near $3.32, up 12% for the last week. For derivatives side, 24-hour futures volume jump 208% reach $12.4 billion—pass Solana (SOL)—while open interest rise 15% to $5.9 billion. If this bullish momentum continue, traders fit test resistance at $3.66 and target $5.11 for 54% gain or even $24 for 630% rally. Key support levels dey at $3.00, $2.96 and the 50-day simple moving average of $2.76. Positive funding rates show say short positions dey at higher liquidation risk for short term. These things position XRP for possible bullish run, make price targets and technical levels dey very important for traders.
Bullish
XRP rare MVRV golden cross na be strong technical buy sign wey don dey happen before big price rally dem. As e join the legal settle of SEC lawsuit, dis development dey boost trader confidence and reduce regulatory wahala. Di increase for futures volume and open interest mean say more people dey market and bullish leverage dey, wey show strong short-term momentum. For long term, clear legal standing and better technical indicators fit hold di upward pressure steady. But, di high funding rates and key support levels need make we dey watch well to control liquidation risk and confirm say di trend go continue.