Falling MVRV ratio, high XRP Ledger activity and a bullish wedge pattern signal a potential XRP price rise toward $3.10.
XRP (XRP) is down roughly 64% from its July 2025 multi-year high, but several onchain and technical indicators suggested the altcoin was due for a “strong price rebound.”
Key takeaways:
XRP’s market value realized value (MVRV) ratio, or the market cap divided by the realized cap, has dropped to levels that have historically aligned with accumulation zones and market bottoms.
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