XRP Surges Over 6% in 24 Hours – Will It Reach $3 Soon?

XRP

XRP Price Sees Strong Bullish Momentum with a 6.83% Surge!

XRP has seen a remarkable recovery, gaining 6.83% in just 24 hours. The Ripple token is now trading only 38.89% below its all-time high of $3.84, achieved on January 4, 2018. Additionally, XRP has surged by an impressive 300% in the past 30 days. With market sentiment turning optimistic, let’s explore the short-term possibilities for the 4th largest cryptocurrency by market capitalization.

XRP Experiences Increased Volatility

Following two days of bearish trading, XRP has bounced back strongly, bolstering its market cap to $134.55 billion and solidifying its position as the 4th largest cryptocurrency.

Indicators Suggest Mixed Signals

  • The Moving Average Convergence Divergence (MACD) indicates a rising red histogram, with its averages converging bearishly, signaling increased selling pressure.
  • The Simple Moving Average (SMA) displays a downward curve on the price chart, suggesting a bearish outlook in the short term.

Can XRP Price Reach $3?

If bullish momentum continues, XRP could test the key resistance level at $2.50. Breaking and maintaining above this level could push the price toward a new 52-week high. Conversely, if bearish forces dominate, XRP might fall to $2.25. A failure to recover at this support could result in a further drop to $2.

Stay Updated on Ripple’s Journey

For predictions about XRP’s future, including when it might hit a new ATH, check out CoinPedia’s XRP Price Prediction. Don’t forget to subscribe for the latest cryptocurrency updates!


FAQs:

  1. Will XRP reach $20?
    XRP would need to surge by 753.38% to achieve this target.
  2. How much is XRP worth now?
    With an intraday increase of 6.12%, XRP is currently valued at $2.3436.
  3. What will XRP be worth in 2025?
    If bullish momentum persists, XRP could reach approximately $4.00 by 2025.

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