Along with the comeback of many cryptocurrencies, XRP has also crossed a significant price threshold. This development indicates that the price may enter a significant upward trend. Ripple $2.5The fact that it was among the most profitable assets in the last 24 hours aroused investors’ curiosity about whether this momentum could raise the price of XRP to $ 3.
Will XRP Move Its Price to $3?
XRP reaching $3 this weekend is considered a possible and realistic target. 7% increase in the past 24 hours and Bitcoin 
$101,577.1The fact that ‘s price is above 100 thousand dollars provides positive signs for achieving this target.
Weekends are often associated with lower liquidity and trading volumes; This may cause significant fluctuations in prices. The 20% increase needed for XRP to reach $3 is the type of move often seen in volatile crypto markets.
XRP Technical Analysis
XRP has successfully broken the downward trend line, ending the previous downtrend. Its current price is $2.48 and has increased by 7% in the last 24 hours. The Relative Strength Index (RSI) is at 63, indicating an uptrend close to the overbought zone.
Awesome Oscillator (AO) indicators are also showing a positive trend and are expected to remain above the midpoint levels. However, falling below these levels could weaken the current upward momentum and cause the price to retreat.
XRP maintaining the $2.23 support level increases its potential to reach $3. A stay below this level could weaken buyers’ momentum and cause the price to drop by approximately 15%.
XRP’s target of $3 may occur depending on the ongoing upward momentum and general market conditions. Bitcoin continuing to stay above the $100,000 level is an important factor for XRP to achieve its goal.
It seems possible for Ripple’s native token, XRP, to reach $3 in terms of both technical indicators and market trends. For investors, this target can be an important indicator for them to follow the current dynamics in the cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
