An analyst has pointed out that the XRP Market Value to Realized Value (MVRV) Ratio has just formed a crossover that proved to be highly bullish the last time it appeared.
XRP MVRV Ratio Has Broken Above Its 200-Day MA
In a new post on X, analyst Ali Martinez has talked about a crossover that has recently occurred in the MVRV Ratio of XRP. The “MVRV Ratio” is a popular on-chain indicator that keeps track of the ratio between the asset’s Market Cap and Realized Cap.
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The Realized Cap here refers to a capitalization model that calculates the cryptocurrency’s total value by assuming that the value of each coin in circulation is equal to the price at which it was last transacted on the blockchain.
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