XRP News: Potential Upsurge Amid Concerns Over Overvaluation and Profit-Taking

Recent developments in the cryptocurrency market have placed XRP under the spotlight, with mixed signals emerging regarding its future price trajectory. Here’s a summary of the key details and developments.

XRP Surge at Risk Due to Overvaluation and Profit-Taking

XRP’s surge may be at risk as on-chain metrics suggest the token could be overvalued. The market Value to Realized Value (MVRV) ratio, measured using the one-day and seven-day moving averages, stands at 7.21% and 3.68%, respectively, indicating potential overvaluation. Traders looking to lock in profits could trigger a price correction.

XRP Gathers Strength For Potential Major Upsurge

At the beginning of 2025, XRP saw significant upward performance, reaching as high as $3.2 in January. After facing bearish conditions, crypto analysts predict a potential end to the ongoing bearish trend as the asset targets a major upswing. Seasoned trader Javon Marks has predicted a huge rally for XRP in the short term, citing growing bullish momentum on its chart.

XRP Price Prediction for March 17

As of the latest update, XRP is trading at $2.33, reflecting a modest 1.10% increase in the last 24 hours. However, over the past 30 days, XRP has experienced a decline of 16.70%, showing the asset’s inherent volatility and the impact of broader market sentiment. The broader 30-day trend reveals that longer-term selling pressure remains significant for XRP. This juxtaposition of a short-term uptick with a medium-term decline is a common feature in volatile assets like XRP, where sporadic rallies may occur within an overall bearish environment. Momentum indicators such as the Relative Strength Index (RSI) and the MACD offer insights into the strength of price movements.

XRP Rising: Could It Flip Ethereum?

XRP has seen a significant increase, rising 1.6% in the past 24 hours to reach $2.34. This uptrend continues the market’s post-weekend recovery. As the best-performing cryptocurrency among the top five this year, XRP has gained 12.6% in 2025. Some analysts believe it could be on the verge of a major breakout, potentially challenging Ethereum’s position as the second most valuable digital asset. A pseudonymous analyst, Dom (@traderview2), shared a chart suggesting that the XRP/ETH pair could experience a historic shift, with XRP attempting to break the largest resistance in history against Ethereum. A confirmed break could lead to a parabolic move, with historical data showing at least a 160% increase after breaking this zone.