Like Bitcoin, altcoins have been experiencing intense selling pressure for weeks. One of these altcoins is undoubtedly XRP.
However, XRP has shown a significant recovery in the last 24 hours, rising to $1.10. This has attracted attention in the market, and popular cryptocurrency analyst Ali Martinez said that a key technical indicator has given the first buy signal since mid-June.
According to the analyst, XRP has given its first buy signal since June according to the SuperTrend indicator, suggesting a potential 14% increase in XRP price towards $1.24.
Martinez predicts a significant rise for XRP, and Santiment’s data also paints a bullish picture.
Santiment’s MVRV data shows that XRP holders are facing the largest unrealized losses in XRP history. According to the data, the 30-day MVRV for XRP is -45%, while the 365-day MVRV has dropped to -47%.
Santiment’s MVRV data is historically interpreted as a signal of bullish accumulation.
*This is not investment advice.
Continue Reading: As XRP Price Recovers, Bullish Signals Begin! What’s the First Target? Here Are the Details

