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XRP News: Bearish MVRV Crossover Signals Potential Price Decline for XRP

XRP News: Bearish MVRV Crossover Signals Potential Price Decline for XRP

Author:
XRP News
Published:
2025-03-13 08:54:10
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Recent on-chain data has revealed a concerning development for XRP investors, as the market Value to Realized Value (MVRV) Ratio has undergone a bearish crossover. This could spell trouble for the cryptocurrency’s price in the near future.

XRP Faces Bearish MVRV Crossover—Price Plunge To Continue?

On-chain data shows the XRP market Value to Realized Value (MVRV) Ratio has just gone through a crossover that may not be positive for the asset’s price. The MVRV Ratio has dropped under its 200-Day MA, signaling a macro trend shift for XRP. The MVRV Ratio is an on-chain indicator that tracks the ratio between a given asset’s market cap and its realized cap, which calculates the cryptocurrency’s ‘true’ value by assuming the real value of any token is the spot price at which it was last transacted.

XRP Bulls Ready to Charge—Upside Break May Spark Rally

XRP price started a fresh recovery wave above the $2.00 zone and is now trading above $2.150 and the 100-hourly Simple Moving Average. The price might clear the $2.250 resistance zone, continuing the upward trend. A short-term bullish trend line is forming with support at $2.188 on the hourly chart. The recovery wave started from the $1.90 zone, similar to Bitcoin and Ethereum.

Ripple Receives First License in Middle East From Dubai’s Financial Regulatory Agency

Ripple has secured the first license in the Middle East from the Dubai Financial Services Authority (DFSA) to offer regulated crypto services in the Dubai International Finance Centre (DIFC). The full license approval comes months after the regulator granted an in-principle approval to expand its services in the region. This underscores Ripple’s commitment to the region and regulatory compliance globally.

Ripple Gains DFSA Approval: Crypto Payments Now Legal in UAE

Ripple has secured DFSA approval, marking a significant milestone for the crypto industry. The blockchain payment provider announced on March 13, 2025, that it has received full regulatory approval from the Dubai Financial Services Authority to offer cross-border cryptocurrency services within the Dubai International Financial Centre. This approval positions Ripple as the first blockchain-powered payments provider to be licensed in the UAE, catalyzing blockchain payment initiatives and establishing new regulatory frameworks within the UAE financial ecosystem.

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