Key Takeaways
XRP’s price has regained the spotlight after crypto analyst Lark Davis highlighted a technical signal that has appeared only twice in the token’s 12-year history, arguing the previous occurrence preceded an approximately 1,100% rally.
The comments came as Forbes staff ranked XRP the fourth-best crypto investment this month, ahead of several larger digital assets — sparking speculation a massive rally could be ahead.
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In a recent YouTube video, Davis said XRP’s weekly Relative Strength Index (RSI) had entered oversold territory for only the second time since the asset launched.
He said the first occurrence marked “one of the most significant buying opportunities in the asset’s history.”
“Price responded to one of the most violent moves in XRP’s history about two years after that signal came in,” he said.
However, Davis stressed that the setup is not yet confirmed and that history will not necessarily repeat.
He added that confirmation would require XRP to reclaim its 200-week simple moving average.
Davis also pointed to several additional bullish factors, including ETF inflows, whale accumulation, and growing on-chain activity, arguing they make the current setup different from previous cycles.
“The setups that produce the biggest returns are rarely the ones that feel safe and confirmed,” he said.
Adding: “They’re the ones that feel uncertain, but have the data stacking in one direction.”
If XRP were to repeat the roughly 1,100% appreciation that followed the previous oversold weekly RSI signal, the implications would be dramatic.
At XRP’s current price of approximately $1.07, an 1,100% gain would increase the token to roughly $12.84.
That would place XRP around:
However, replicating the previous rally may prove considerably more difficult today.
During the earlier cycle, XRP’s market capitalization was substantially smaller, meaning significantly less capital was required to generate triple-digit percentage gains.
Today, XRP is one of the world’s largest digital assets, making an equivalent move likely dependent on far greater institutional demand.
Davis argued the long-term opportunity also depends on Ripple increasing XRP’s role within its payments business.
He noted Ripple currently processes around $16 trillion in annual payments and clearing activity, while digital assets account for almost none of that volume.
“…digital assets, including XRP, currently make up close to 0% of that volume,” he said.
Separately, Forbes staff ranked XRP as the fourth-best crypto to invest in, behind only Bitcoin, Ethereum, and Binance Coin, this month.
The publication placed XRP ahead of several well-known cryptocurrencies, including:
Forbes said its rankings focused on tokens with both market momentum and a credible long-term investment case.
“Our methodology focuses exclusively on cryptocurrencies with an investment thesis,” Forbes said. “These are projects whose value is expected to appreciate over time as adoption and utility grow.”
Explaining XRP’s inclusion, Forbes said it had a strong use case in global finance and held an advantage by being backed by institutional partnerships.
“XRP was created by Ripple Labs to facilitate fast and low-cost, cross-border payments,” it wrote. “It acts as a bridge between currencies, enabling instant transfers with minimal fees.”
However, the publication also highlighted potential risks, including concerns about Ripple’s influence over token supply.
The bullish technical setup highlighted by Davis comes despite recent on-chain data suggesting XRP investors are experiencing some of the worst sentiment in the token’s history.
Last week, blockchain analytics platform Santiment said XRP holders were sitting on the deepest average unrealized losses ever recorded across both short- and long-term timeframes.
According to Santiment, XRP’s 30-day Market Value to Realized Value (MVRV) ratio fell to around -45%, while the 365-day MVRV ratio dropped to approximately -47%.
✍️ TL;DR: XRP Ledger average returns historically low, implying relief rally is probable
📊 Metrics Used: 30-Day & 365-Day MVRV
🔗 Link to chart: https://t.co/z3mjkJzILe📉 XRP’s average trading returns are sitting at historic pain levels. Its 30-day MVRV is -45% and its… pic.twitter.com/Q5vmHrJ0Sc
— Santiment Intelligence (@SantimentData) July 2, 2026
“When combined, XRP has NEVER shown lower average returns across these timeframes in its 12-year trading history,” Santiment wrote in a post on X.
The analytics firm said the figures reflected exceptionally weak investor sentiment.
“This tells us fear and frustration are extremely stretched right now,” it said.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
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