• Critical indicator threatens XRP with potential bear trend.
• XRP bounces off crucial support despite critical bearish signal.
• Coinbase’s CFTC approval boosts ADA bullish potential.

Current on-chain conditions suggest a developing bearish long-term signal for XRP. Its Market Value to Realized Value (MVRV) ratio, which compares market price to the average price holders paid, reportedly dipped below its 200-day moving average.

This specific crossover is still in its early stages and remains unconfirmed as a major trend shift. However, according to technical analysts like Ali Martinez, a sustained MVRV crossover to the downside has historically sometimes signaled a broader macro shift in XRP’s price action direction.

XRP came under notable bearish pressure during the last week of March. It consistently closed below its opening price for six of the past seven trading days then. The cryptocurrency’s price tumbled from near $2.50 to reach $2.020 by the close of Ma…

The post Are XRP and ADA Leading a Potential Altcoin Relief Rally This Week? appeared first on Coin Edition.

• Critical indicator threatens XRP with potential bear trend.
• XRP bounces off crucial support despite critical bearish signal.
• Coinbase’s CFTC approval boosts ADA bullish potential.

Current on-chain conditions suggest a developing bearish long-term signal for XRP. Its Market Value to Realized Value (MVRV) ratio, which compares market price to the average price holders paid, reportedly dipped below its 200-day moving average.

This specific crossover is still in its early stages and remains unconfirmed as a major trend shift. However, according to technical analysts like Ali Martinez, a sustained MVRV crossover to the downside has historically sometimes signaled a broader macro shift in XRP’s price action direction.

XRP came under notable bearish pressure during the last week of March. It consistently closed below its opening price for six of the past seven trading days then. The cryptocurrency’s price tumbled from near $2.50 to reach $2.020 by the close of Ma…

The post Are XRP and ADA Leading a Potential Altcoin Relief Rally This Week? appeared first on Coin Edition.