XRP Price Prediction: Can XRP Hold Above Its Trendline?
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In crypto markets, XRP’s 30-day and 365-day MVRV ratios hit record lows of -45% and -47% while US spot XRP ETFs posted a ninth consecutive week of net inflows totaling $17.19M, signaling institutional demand despite deep unrealized losses. On July 4 XRP traded at $1.1467, up 1.13%, as $3.97M of shorts were liquidated in 24 hours and price pressed a descending trendline that must hold for several hours to confirm a breakout, a move that could boost token performance, adoption, and market momentum if sustained.
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- XRP’s 30-day and 365-day MVRV ratios hit -45% and -47%, the lowest ever recorded for the token.
- US spot XRP ETFs just completed a ninth consecutive week of net inflows at $17.19M.
- Shorts lost $3.97M in liquidations over 24 hours as price pushed toward the trendline.
XRP trades at $1.1467 on July 4, up 1.13% and pressing directly against a descending trendline that has capped every rally since May, with the chart marking the current zone as a breakout that needs several hours above the line to confirm.
Is XRP’s Trendline Breakout The Real Deal?
The daily chart shows XRP clearing above a steep descending trendline drawn from the May highs, with the annotation noting price needs to hold above the line for a few hours before the move can be called a confirmed breakout. A prior test of this same trendline in early June…
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