XRP News: Price Hits $2.19 as MVRV Signals Major Trend Shift

XRP’s Market Value to Realized Value (MVRV) Ratio has now come above its 200-day Moving Average (MA), a good sign that a macro trend shift might be underway. The MVRV Ratio has risen above the 1.584 level, which for many has often been the signal indicating recovery in prices.

According to historical trends, when the MVRV ratio rises, XRP has occasionally rallied following this movement. The chain of MVRV Rationes indicates that XRP was rallying fiercely from late November to early January. After a retracement, the ratio has reached a crucial level which may suggest a new price trend.

XRP Price and Market Activity

As of press time, XRP was trading at $2.20, reflecting a 3.09% increase in the last 24 hours. However, the asset remains down 11.33% over the past week. XRP currently has a market capitalization of $127.82 billion, with a circulating supply of 58 billion tokens.

Trading volume has seen fluctuations, with a total 24-hour volume of $5.58 billion. Meanwhile, XRP futures open interest (OI) stands at $2.96 billion, marking a -0.58% decrease, indicating slightly reduced speculative interest. Despite this, open interest remains elevated compared to previous months, suggesting traders are still engaged.

Expert Prediction: Potential Rally to $3.35

Crypto analyst Rose Premium Signals has spotted a descending channel pattern on XRP’s daily chart that could be a sign of an accumulation phase before another rally. According to the analyst, XRP could bounce off $2.12 support and could target over $2.32, $2.61, $2.90, and a potential high at $3.35.

If traders watch for a breakout from this pattern, it will bring more momentum. These levels will be key in deciding whether XRP continues its upward trajectory in the market’s response.

Legal Case Update: April 16 as a Key Date

Legal experts continue to monitor the ongoing Ripple vs. SEC case, with April 16, 2025, emerging as a critical date. Attorney Fred Rispoli suggests that while a resolution may come by mid-2025, delays could extend the case until September. The SEC’s push for a $125 million penalty remains a key issue in the proceedings.

Meanwhile, MetaLawMan predicts an earlier resolution, suggesting the SEC might withdraw its appeal in March, potentially leading to a settlement before April 16. The outcome of this case could have a direct impact on XRP’s price and regulatory clarity for the asset.