XRP Price Prediction: With XRP Up 50%, Analysts See Clear Path to $3
The post XRP Price Prediction: With XRP Up 50%, Analysts See Clear Path to $3 appeared on BitcoinEthereumNews.com. XRP is once again capturing headlines as the token records a sharp 50% surge from its April lows, reinforcing bullish market sentiment and reviving investor optimism. With technical indicators pointing toward continued strength and broader market tailwinds in play, analysts say XRP is setting up for a potential run toward the psychologically significant $3 mark. Momentum Builds After Strong 50% Rebound Over the past month, XRP has gained considerable traction, climbing from a low of $1.65 in early April to around $2.45 as of Friday. The rebound marks a nearly 50% increase in price and places XRP firmly in a bullish trajectory. This rise comes as part of a broader altcoin revival, fueled in part by Bitcoin’s new all-time high of over $111,000. XRP was trading at $2.44 at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin The XRP price is currently testing a key resistance zone between $2.48 and $2.61. If the asset decisively breaks above $2.62, technical analysts believe a move toward $3—and possibly higher—is increasingly likely. “There’s enough momentum in XRP’s chart to suggest more gains are ahead,” said one analyst. “With the RSI climbing and the MACD on the verge of a bullish crossover, the setup is there.” Technical Outlook: $3 Within Reach From a technical perspective, XRP is showing clear signs of strength. The relative strength index (RSI) has climbed to 58 on the daily chart, suggesting bullish momentum without being overbought. Moreover, XRP continues to hold above its 50-day exponential moving average (EMA), currently acting as dynamic support around $2.30. XRP must break the $2.90 resistance level to clear the path toward $3 and potentially challenge its all-time high of $3.40 this summer. Source: Mindfullylost on TradingView Short-term analysis suggests the next resistance zone is at $2.72. A break above that…
The post XRP Price Prediction: With XRP Up 50%, Analysts See Clear Path to $3 appeared on BitcoinEthereumNews.com.
XRP is once again capturing headlines as the token records a sharp 50% surge from its April lows, reinforcing bullish market sentiment and reviving investor optimism. With technical indicators pointing toward continued strength and broader market tailwinds in play, analysts say XRP is setting up for a potential run toward the psychologically significant $3 mark. Momentum Builds After Strong 50% Rebound Over the past month, XRP has gained considerable traction, climbing from a low of $1.65 in early April to around $2.45 as of Friday. The rebound marks a nearly 50% increase in price and places XRP firmly in a bullish trajectory. This rise comes as part of a broader altcoin revival, fueled in part by Bitcoin’s new all-time high of over $111,000. XRP was trading at $2.44 at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin The XRP price is currently testing a key resistance zone between $2.48 and $2.61. If the asset decisively breaks above $2.62, technical analysts believe a move toward $3—and possibly higher—is increasingly likely. “There’s enough momentum in XRP’s chart to suggest more gains are ahead,” said one analyst. “With the RSI climbing and the MACD on the verge of a bullish crossover, the setup is there.” Technical Outlook: $3 Within Reach From a technical perspective, XRP is showing clear signs of strength. The relative strength index (RSI) has climbed to 58 on the daily chart, suggesting bullish momentum without being overbought. Moreover, XRP continues to hold above its 50-day exponential moving average (EMA), currently acting as dynamic support around $2.30. XRP must break the $2.90 resistance level to clear the path toward $3 and potentially challenge its all-time high of $3.40 this summer. Source: Mindfullylost on TradingView Short-term analysis suggests the next resistance zone is at $2.72. A break above that…
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