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XRP has finally shattered a key psychological milestone — soaring past the $3 mark for the first time in years. The crypto community lit up with excitement as Ripple’s native token surged nearly 5% in a single day, peaking at $3.03, while major players like Bitcoin and Ethereum managed only modest gains of 0.5% and 2.5% respectively. On paper, XRP stole the spotlight.

But beneath the bullish euphoria, one respected analyst is raising red flags — and his warning could change everything.

⚠️ Analyst Alert: “Death Cross” May Signal Storm Ahead

Crypto market watcher Ali Martinez has issued a stark caution to XRP holders. While price action is celebrating above $3, Martinez points to a technical red flag flashing on-chain: the formation of a “Death Cross” on the MVRV ratio — a key metric comparing market value to realized value (investor cost basis).

> “Historically, the MVRV death cross has often preceded heavy downside in altcoin cycles,” Martinez notes.

This cross, when short-term averages dip below long-term ones, suggests that the recent rally could be running on fumes — with bearish momentum waiting just below the surface.

🧠 The Psychology Behind $3 – And Why It’s Dangerous

The $3 threshold carries more weight than just numbers. It’s a psychological magnet, a line that invites emotional buying. When mainstream media, like USA Today, begins calling XRP “the smartest crypto to buy at $500,” Martinez warns: that’s often when things start to break.

> “Mainstream hype is typically the last push before a top,” he tweeted. “When retail jumps in late, whales usually exit.”

This kind of overhyped coverage has historically served as a contrarian indicator — signaling a market top, not a floor.

🧱 Critical Support Levels: $2.80 and Below

Despite the pump, XRP is still dancing on a tightrope. Martinez highlighted $2.80 as a short-term cushion based on recent buying behavior. But he cautioned that the true support lies lower — closer to $2.48. A break below this zone could invite cascading liquidations and a trip back to late-2023 levels.

> If market pressure intensifies — whether due to macro triggers, Bitcoin volatility, or a sector-wide correction — XRP could tumble fast.

📈 Long-Term Outlook Still Bullish, Says Egrag Crypto

Not everyone shares the short-term pessimism. Well-known crypto chartist Egrag Crypto believes the party isn’t over — just delayed.

Using a 6-month candlestick framework, he outlined two potential targets for XRP’s next macro rally:

Conventional Chart Target: $4.89

Logarithmic Projection: $48.90

Split the difference, and $27 becomes the average — an ambitious, yet theoretically grounded mid-cycle target.

> “We still have five months left before this candle closes,” Egrag explained. “XRP is just getting started. The wave hasn’t crested yet.”

📊 Market Context: Altcoin Strength, ETF Hype, and Ripple’s Legal Tailwinds

This rally also comes amid:

Growing altcoin dominance as Bitcoin cools off near the $130K consolidation range

Increasing institutional interest post-Ether ETF success

Ripple's expanding global partnerships and continued legal clarity wins following its partial victory over the SEC in 2024

Together, these dynamics build a fundamental floor beneath XRP — but they may not be enough to resist short-term technical corrections.

🧩 Final Take: Hold the Hype, Watch the Trend

While XRP's breakout above $3 is a historic moment, it’s not a guarantee of sustained upside. Smart traders should treat this level as both an opportunity and a potential trap. Momentum is real — but so are reversals.

📌 Key Levels to Watch:

Resistance: $3.10 – $3.25

Short-Term Support: $2.80

Critical Support: $2.48

Bullish Continuation Confirmation: Close above $3.35 on strong volume

✅ TL;DR:

XRP hits $3.03 — best-performing major coin today

Analyst warns of MVRV “death cross” — bearish signal

Short-term support at $2.80, deeper cushion at $2.48

Mainstream media bullishness could signal a market top

Long-term analysts still see $4.89–$48.90 potential

Caution advised: Don’t get blinded by the green

🌕 Are you holding for the moon or planning for the dip? XRP’s next move could decide the tone for altseason. Stay sharp, stay informed.

$XRP

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