Crypto analyst CoinsKid has predicted that the XRP price could soon rally to $4, which represents a new all-time high (ATH) for the altcoin. He also warned that XRP bulls must hold the line to avoid a potential drop to as low as $1.64. 

Analyst Predicts XRP Price Could Rebound To $4

In an X post, CoinsKid predicted that the XRP price could rebound to as high as $4 if the altcoin takes out the local January 2025 high, when it rallied to its current ATH at around $3.4. He added that XRP may go beyond this $4 target on the bull run in the crypto market. In the meantime, the analyst warned that XRP bulls must hold the line to avoid a significant correction.

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CoinsKid said that failure to hold the 20 Weighted Moving Average could spark a deeper correction for the altcoin, sending the altcoin to a minimal target of $1.64. The analyst went further to discuss XRP’s current price action. He noted that the altcoin is missing a 5th wave from the July 2024 bottom. 

The analyst further opined that the XRP price has been in a wave 4 irregular expanded flat ABC correction since December 2024. He revealed that XRP is currently holding the 20 Weighted Moving Average, which is a sign of strength from the bulls. However, he warned that they must continue to hold the line to avoid a drop to as low as $1.64.

Meanwhile, he mentioned that the RSI and the retail top were the key data points that pointed to an XRP price correction back in December. As to what could spark this price rebound to $4, CoinsKid alluded to the global money supply, which shows that liquidity is entering the market soon after leaving in December. 

$5 Is Also In Sight For The Asset

Crypto analyst Dark Defender has also predicted that the XRP price could rally to as high as $5.85, although it would face significant resistance at $3.39, around its current all-time high. The analyst also highlighted $2.30 and $2.22 as the support levels that XRP needs to hold above as it eyes a rally to this $5 target. 

Meanwhile, the analyst also revealed that the primary correction for the price on the weekly, daily, and 4-hour structure is over. He noted that there will be more minor ups and downs. However, Dark Defender suggested XRP was well primed for a bullish reversal. He added that the altcoin has started wave 1 with the aim of rallying to this $5 target. 

Related Reading: Crypto Pundit Reignites $100 XRP Price Target, What You Should Know

At the time of writing, the XRP price is trading at around $2.28, up in the last 24 hours, according to data from CoinMarketCap.

Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin (BTC) is showing signs of a potential turnaround despite recent volatility, as key on-chain indicators and institutional flows point to improving sentiment. The Mayer Multiple remains below 1, hinting at undervaluation.

Meanwhile, institutional confidence appears to be returning, with BlackRock’s recent 2,660 BTC purchase marking the largest inflow into its Bitcoin ETF in six weeks. As the market stabilizes and adapts to macroeconomic pressures, Bitcoin’s path to new highs is beginning to take shape.

BTC Mayer Multiple Is Still Below 1

Bitcoin’s Mayer Multiple is currently sitting at 0.98, slightly above its recent low of 0.94 recorded on March 10.

This reading suggests that Bitcoin is still undervalued relative to its historical norms, as it continues to trade below its 200-day moving average.

The indicator has been hovering below the 1.0 mark for much of the recent consolidation period, raising questions about when BTC might regain enough momentum to push toward new highs.

The Mayer Multiple measures the ratio of Bitcoin’s current price to its 200-day moving average, providing insights into whether the asset is overextended or undervalued.

Historically, values below 0.8 tend to signal that Bitcoin is heavily discounted and could be in a long-term accumulation zone, while levels above 2.4 often indicate overheated, euphoric conditions.

With the current reading at 0.98, Bitcoin is approaching a neutral-to-bullish threshold.

The last time the Mayer Multiple dipped to 0.84, Bitcoin quickly rallied from $54,000 to $65,000 in just two weeks. It later stabilized between 1.2 and 1.4 before ultimately surging past $100,000 for the first time.

While history doesn’t always repeat, this current setup could be an early sign that Bitcoin is building the foundation for its next major leg higher.

Bitcoin MVRV Brings An Important Threshold

Bitcoin’s 7-day MVRV (Market Value to Realized Value) ratio has climbed to 2.38%, recovering from a recent low of -8.44% on March 8.

This rebound signals that short-term holders are beginning to see modest profits, but historical patterns suggest that stronger price momentum usually follows once the 7D MVRV crosses above the 5% mark.

At its current level, BTC still appears to be in a transition phase. Sentiment is shifting, but it hasn’t fully flipped into a bullish breakout scenario.

The 7D MVRV measures the ratio between Bitcoin’s market value and the average price paid by short-term holders (typically those who acquired BTC in the last 7 days). When the ratio is negative, it indicates these holders are underwater, while positive readings imply they are sitting on profits.

Historically, BTC tends to gain upward momentum when the 7D MVRV moves beyond +5%, as it suggests confidence among short-term participants is returning. Given that BTC is still below this threshold, it may need further accumulation or consolidation before it can convincingly push toward creating new highs.

If the ratio continues to climb and surpass 5%, that could trigger renewed bullish activity and a potential breakout toward fresh all-time highs.

Will Bitcoin (BTC) Create New Highs Soon?

Despite Bitcoin’s 11.4% decline over the past 30 days, institutional bullish sentiment appears to be back, with BlackRock signaling renewed confidence in BTC.

The world’s largest asset manager recently added 2,660 Bitcoin to its iShares Bitcoin Trust (IBIT), marking the biggest inflow into the fund in the past six weeks.

This significant buy comes after a period of uncertainty in IBIT flows since early February, suggesting that institutions are once again positioning for potential upside as market conditions evolve.

BlackRock’s latest buy could signal a broader shift in sentiment as big players overlook short-term volatility and refocus on Bitcoin’s long-term value.

Institutional interest is picking up again while the market slowly adapts to macro pressures like Trump’s proposed tariffs.

Despite the lingering uncertainty, Bitcoin price setup for new highs is growing stronger as confidence returns. If macro conditions stabilize, Bitcoin could be ready for another push higher soon.

President Donald Trump is set to speak at the Digital Asset Summit (DAS) in New York on March 20. 

This is the first time a sitting US president will participate in a crypto conference.

Donald Trump to Make Historic Appearance at the Digital Asset Summit

Earlier this month, Donald Trump hosted the first-ever White House Crypto Summit. Although the community wasn’t particularly happy with the developments at the summit, it gave several significant updates on the US Bitcoin Reserve and the government’s current regulatory stance.

Reports indicate that Trump’s appearance may not be live. Some sources suggest he could deliver a pre-recorded message instead. 

Either way, this marks the first time an active US president is set to formally address a crypto conference. 

“Got some clarity on this — multiple sources on the ground at the DAS Conference tell me President Trump is/was planning to livestream into the conference at some point today or tomorrow to address the crowd. I’m told this may yet happen but could also be done via a taped recoding,” wrote Eleanor Terrett.

The summit will also feature key lawmakers, including Representatives Ro Khanna and Tom Emmer, alongside industry leaders such as MicroStrategy’s Michael Saylor and Ripple CEO Brad Garlinghouse.

Earlier today, Garlinghouse announced that the SEC dropped its appeal and XRP lawsuit against the firm in a landmark decision. 

The crypto market has shown signs of recovery this week. Earlier today, the Feds announced that it won’t hold any rate cuts currently. Yet, two more rate cuts are planned for later this year.

Trump’s address at DAS could have further implications. If he signals a more favorable regulatory approach to digital assets, the market could respond positively.