BREAKING: The Same Signal That Ignited XRP’s 630% Surge in 2024 Just Flashed Again

History might be repeating itself for XRP holders. The technical indicator that preceded last year's meteoric rally just triggered—and traders are scrambling.

Will lightning strike twice?

Back in 2024, this obscure chart pattern marked the start of a six-month bull run that left early investors laughing all the way to the bank. Now, with regulatory clouds parting and institutional money sniffing around crypto again, the stage looks eerily similar.

Of course, past performance doesn't guarantee future results—as your financial advisor would say right before recommending a 2% yield bond fund.

XRP Price Flashes Historically Bullish Signal

A potentially explosive historical signal has just resurfaced on the XRP price chart, fueling optimism for a potential breakout ahead. In his latest XRP analysis report on X social media, Martinez reveals that the cryptocurrency’s Market Value to Realized Value (MVRV) ratio has flashed a Golden Cross—a pattern generally associated with powerful bullish momentum.

Martinez highlighted that the last time his MVRV ratio crossover appeared, in 2024, XRP skyrocketed by over 630%, marking one of its most dramatic price moves in recent years. Now, the same bullish pattern has been triggered again, fueling speculation of a potential history repeat. 

The analyst’s chart shows the MVRV ratio, in orange, spiking above its 200-day Moving Average (MA), in red, with XRP’s price already beginning to respond positively. At the time of writing, XRP is trading at $3.43, displaying healthy momentum compared to past months, during which its price was stuck in a consolidation range above $2. Although the cryptocurrency surged significantly above $3.5 earlier this week, it has since retraced by approximately 3.8% to its current price, according to CoinMarketCap.

If history is any guide, the reemergence of the MVRV ratio Golden Cross could open the door to further upside, potentially positioning XRP for a new multi-month rally. Members of the crypto community who have taken note of this historically bullish signal are already forecasting a potential surge to $22, representing a whopping 541% climb from XRP’s current levels. 

Analyst Sets XRP Price Target Above $20

The XRP price could see a historic rally to new all-time highs before the end of this cycle, as an X crypto market expert, Shawn Mark, points to past chart patterns that suggest a potential surge above $20 is imminent. According to the analysis, XRP has just broken out of a multi-year consolidation phase within a Symmetrical Triangle pattern, similar to the one it formed before its explosive surge in the 2017 bull cycle. 

Back then, XRP skyrocketed from under $0.01 to nearly $3.50 in a parabolic move, representing a more than 60x increase. Now, current chart formations suggest that the latest triangle breakout mirrors the same historic pattern almost identically. If this fractal plays out again with similar bullish momentum, XRP’s projected target this time could land in the $20 range, with a precise peak prediction at $20.25.