TLDR
- XRP traded at $3.19 on August 11 with a small 0.11% drop but analysts expect more gains.
- A golden cross has formed on the MVRV ratio which has historically signaled large XRP price rallies.
- The last time this golden cross appeared the XRP price increased by more than 600%.
- Analysts have identified a falling wedge pattern that often signals a bullish reversal in the market.
- If the falling wedge plays out analysts believe the XRP price could reach $6.
XRP traded at $3.19 on August 11 with a slight 0.11% decline, yet analysts remain optimistic about further gains. The latest XRP price prediction points to a potential surge following a technical indicator shift known as a golden cross. This signal has historically preceded significant rallies, and it now aligns with other bullish chart patterns.
XRP Price Prediction Strengthens After Golden Cross
Analyst Ali Charts reported a golden cross on XRP’s Market Value to Realized Value (MVRV) ratio, indicating potential upward momentum. The shorter-term MVRV crossed above the 200-day MVRV, a move often linked to strong price growth. The previous time this signal appeared, the XRP price rose by more than 600%.
Earlier this month, the MVRV showed a death cross, suggesting possible weakness, but that concern has now faded. The new golden cross suggests that bullish sentiment remains intact and could drive the next rally. Analysts say this strengthens the latest XRP price prediction, which places $6 as a possible target.
Technical history supports this outlook, as past golden crosses have marked the start of extended price increases. With the current setup, momentum could accelerate quickly if buying pressure continues. Market watchers are now focusing on whether this trend repeats.
Falling Wedge Pattern Supports $6 Target
Another analyst identified a falling wedge pattern on the three-day chart, a formation often signaling a bullish reversal. “If this wedge plays out, the XRP price could reach $6,” the analyst stated. This projection adds further weight to the optimistic XRP price prediction.
Is $XRP ready to smash the $6 range?
Remember for more trading set ups: https://t.co/HFc6FwVFPX pic.twitter.com/Rw5ph2tGUh
— Rand (@crypto_rand) August 8, 2025
Historical data shows XRP has completed breakouts from such patterns in previous market cycles. Each time, the token recorded strong rallies following the breakout. If history repeats, current technical signals could push prices well beyond current levels.
Even with recent fluctuations, the pattern suggests the rally is not yet exhausted. The alignment of the falling wedge with the MVRV golden cross increases the probability of a continued uptrend. Traders see this as a potentially powerful combination.
BlackRock Denies Spot XRP ETF Plans
BlackRock has confirmed it has no current plans to file for a spot XRP ETF. Earlier speculation linked the move to the conclusion of the Ripple versus SEC case. ETF Store President Nate Geraci said, “BlackRock immediately calls me out… Says no plans at this time.”
Geraci believes this decision could be a missed opportunity, but noted positions can change in the future. Despite the ETF rejection, large XRP holders have increased their accumulation. Over 50 million tokens changed hands in whale purchases within 48 hours.
This accumulation could add buying pressure and strengthen the bullish case for the latest XRP price prediction. Analysts argue that such whale activity often precedes significant market movements. With technical and market factors aligning, the $6 target remains on the table.
The post XRP Price Prediction: $6 Target Holds Despite BlackRock ETF Rejection appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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