Ripple has historically achieved strong returns in the fourth quarter, averaging 134%, with unrealized losses rising again, indicating a potential setup for an upcoming recovery.
The long/short MVRV spread is approaching neutrality with XRP consolidating between $2.20 and $2.50, awaiting a decisive breakout later this year.
A break above $2.50 could target $2.64–$3.02; XRP may remain within a defined range, delaying the breakout until strong momentum shows in the fourth quarter before the end of the year again.