- 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 successfully crossed the $3 level, establishing a breakout pattern and a status of buyers being in control. With momentum behind XRP, it is now looking towards its next target, which is likely to be seen at 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 metric indicates that XRP appears ready to enter a continuing upward phase based on where the chart currently is. The fact that the timing of this on-chain signal gives additional confidence to a bullish view.
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.
In the last 24 hours, trading volume surpassed $12.3 billion and XRP’s price is up 8.92%. The token price has now increased 32.44% over the past week, indicating the strength of this rally as it is driven by a breakout. Considering the market cap as another milestone, it also adds substantial weight to price action, confirming that the breakout is based on liquidity and the confidence of the investors.
With price, volume, and technical structure also moving in alignment with each other, XRP is now set to seek the next higher prices, with $4.80 as the next clear zone of interest.
