XRP confirms a breakout from a falling wedge, reclaiming $3 and positioning for a run toward the $4.80 target level.
The MVRV golden cross reappears, repeating a past pattern that preceded a 630% surge in XRP price performance.
XRP’s market cap crosses $185 billion, supported by a 24-hour volume of $12.3 billion and strong price momentum.
XRP has confidently reclaimed the $3 level, confirming a breakout pattern that suggests buyers are back in control. With momentum building, XRP is now eyeing its next key target around $4.80.
XRP Breaks Out of Falling Wedge With Conviction
XRP has just crossed above the $3 threshold, marking a crucial technical breakout that could shift the asset's near-term trajectory. As noted by market analyst Javon Marks, this move confirms a breakout from a textbook falling wedge — a classic bullish continuation structure. The price structure shows a clean breakout supported by sustained buying pressure.
This bullish setup implies strong upside potential, especially as the $3 level now acts as new support. The breakout does more than reclaim a round number — it validates market strength, with traders now looking ahead to the $4.80 level, a price that aligns with earlier projection zones. The chart structure and volume levels suggest that buyers have firmly re-entered the market.
Javon Marks further added that if XRP can hold above $3, the rally could escalate quickly. Longer term, the $8.00 level remains a key area of interest. The breakout has triggered renewed optimism, pointing toward a potential parabolic phase if momentum continues.
Historical MVRV Signal Reappears
On-chain analyst Ali reported that XRP’s MVRV ratio has just flashed a golden cross — a rare event that last occurred before a 630% price surge. The MVRV (Market Value to Realized Value) indicator tracks whether an asset is over- or undervalued relative to historical averages.
With this golden cross reappearing alongside the breakout, analysts see the combination as a strong confirmation of trend reversal. This indicator supports the view that XRP could be entering a sustained upward phase, in line with the chart’s current trajectory. The timing of this on-chain signal provides additional support to the bullish outlook.
As XRP holds its ground above $3, technical and on-chain metrics appear aligned for continued gains.
Market Cap Surpasses $185 Billion Amid Price Surge
XRP’s breakout above $3 has also pushed its market capitalization beyond $185 billion — a new record for the asset. This milestone was confirmed by Cointelegraph, signaling wider market recognition of XRP’s latest move.
Trading volume in the past 24 hours topped $12.3 billion, while XRP’s price increased by 8.92%. Over the past week, the token has gained 32.44%, reflecting the strength of this breakout-driven rally. The market cap milestone adds further weight to the price action, confirming the move is supported by both liquidity and investor confidence.
With price, volume, and technical structure all moving in unison, XRP is now positioned to pursue higher targets, with $4.80 standing as the next immediate zone to watch.
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