XRP Hits $3.15: Can Momentum Sustain After 32% Rally?

XRP has caught the attention of investors once again by surging past the $3 mark, propelled by a solid 32% weekly rally that shattered its six-month resistance level. The latest price action, peaking at $3.15, marks XRP’s highest trading point since January and has reignited discussions about its long-term potential and sustainability.

Despite this impressive growth, market excitement remains curiously restrained compared to the fanfare surrounding Bitcoin’s recent milestones. Brian Quinlivan, Marketing Director at analytics platform Santiment, remarked that XRP’s rally may be signaling more than what current headlines suggest.

During a recent podcast, Quinlivan pointed out that even though XRP has gained significant ground, it has flown under the radar in mainstream media. This muted reaction might be a strategic advantage, as the absence of euphoric retail participation could reduce the risk of hype-driven volatility. In other words, the rally has remained grounded, driven more by calculated positioning than speculative mania.

The token initially broke through the $3 resistance earlier this week, which sparked a wave of selling. Nonetheless, the pullback that followed was modest. Prices briefly slipped to $2.8085 following a peak at $3.05 on Monday, as referenced in an earlier report. However, bulls rapidly regained momentum and pushed XRP to a new intraday high of $3.17 at the time of writing.

Still, caution signs are beginning to surface. Key among them is XRP’s Market Value to Realized Value (MVRV) ratio, which measures short-term and long-term profitability. According to Santiment, short-term holders are currently seeing gains of around 24.5%, while long-term participants are up nearly 47%. Historical data reveals that similar MVRV ratios have preceded steep declines—most recently, a price drop of more than 40% followed a comparable metric spike.

Currently, the MVRV doesn’t indicate an impending crash, but it does suggest a heightened probability of profit-taking pressure. Investors should be aware that these levels often coincide with selloffs as traders look to secure gains, especially when short positions become increasingly profitable.

Looking ahead, technical indicators hint at a potential short-term retracement. Should XRP fall below the $2.70 threshold, it could trigger retail panic and profit-locking among traders. Yet, according to Quinlivan, this may also create a fresh opportunity for institutional buy-ins as the price adjusts. This dynamic could help XRP recover quickly and even make another push toward $3.50.

Interestingly, while XRP gains strength, the broader focus across the crypto landscape remains fixed on Bitcoin’s bull run. An earlier article on XRP potential highlighted that its quiet ascend may actually hint at more upside when the spotlight eventually shifts back to altcoins.

Much like the broader altcoin space, XRP stands to benefit from a possible rotation of funds seeking new opportunities beyond Bitcoin. If such a trend unfolds, XRP, with its solid fundamentals and growing institutional interest, could re-establish itself firmly above the $3 mark and pursue further gains.

As the market continues to evolve, XRP’s latest development is a reminder that significant moves don’t always come with noise. Sometimes, quiet rallies tell the loudest stories—especially when metrics and momentum converge in favor of the asset.

Related: XRP Price: $12M Max Pain for Bears

Meanwhile, the macro narrative in crypto remains influenced by Bitcoin. A recent article outlined how a nation’s former Bitcoin stash is now worth a staggering portion of its national debt, highlighting the prevailing dominance of the flagship digital asset in headlines. In contrast, XRP’s steady performance might just be setting the stage for a breakout waiting in the wings.