XRP ‘God Candle’ Signal from 630% Rally Flashes Again
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- A key on-chain signal that preceded a 630% XRP rally in 2024 has flashed again on the charts
- This “MVRV Golden Cross” is now being seen by traders as a potential “God Candle” signal for the asset
- The historical parallel suggests a massive, explosive price move could be on the horizon for XRP
A key on-chain indicator that preceded XRP’s last major bull run has flashed again, leading one renowned analyst to suggest the digital asset could be preparing to repeat a historic 630% rally.
The signal, a “Golden Cross” on XRP’s MVRV ratio, was highlighted by the crypto analyst Ali Martinez. His analysis comes as XRP has already surged nearly 45% over the past two weeks, breaking out of a long consolidation period.
Related: “They Already Paid in Cash. Sorry.”: Ex-SEC Official Debunks XRP Rumors
A Look at the “MVRV Golden Cross”
The Golden Cross indicator that the analyst spotted shows that XRP’s MVRV ratio has crossed above the 200-day moving average on the XRP/USD daily chart. The MVR…
The post XRP ‘God Candle’ Signal from 630% Rally Flashes Again appeared first on Coin Edition.
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