2 Things That Must Happen for Ripple (XRP) Price to Return to $3
The post 2 Things That Must Happen for Ripple (XRP) Price to Return to $3 appeared on BitcoinEthereumNews.com.
After a brilliant start to the year, Ripple (XRP) has been bounded below the $3 mark for almost two months. With the market regaining momentum, experts have highlighted two events that could see the XRP price regain the $3 soon. Will XRP Price Reach $3? Here Are the Two Major Factors First among these is regulatory clarity. The age-long lawsuit between SEC and Ripple has negatively impacted the XRP price. Investors would greatly appreciate a clear legislative framework that permits more institutional involvement without legal problems. A good outcome for the legal procedures might signal the approval for a flood of fresh money, driving XRP towards the $3 mark. The second factor is broader institutional adoption. XRP has already gained a significant footing in the financial sector, with over 500 banks adopting the cryptocurrency for cross-border payments. However, for XRP to reach $3, the spot XRP ETF approval is critical. The arrival of institutional players, prompted by such an ETF, would likely cause the XRP price to rise, pushing it past key resistance levels as more demand entered the market. Trading at $2.24 as of press time, without these factors, XRP may continue to face resistance at $2.40 and $2.60, significant levels that have served as roadblocks in its upward trajectory. Only if XRP breaks out above these levels will it have the impetus to reach $3. The path is clear but requires a favorable regulatory environment that experts carefully monitor. XRP Price Chart (24-Hour), Mar. 13, 2025 | Source: CoinGecko As we move ahead, Rexas Finance (RXS) appears as a startup with enormous upside potential that provides a fascinating alternative to XRP’s limitations. Rexas Finance (RXS): Another Crypto to Watch Rexas Finance (RXS) is not subject to the same regulatory fights as XRP. As a Real-World Asset (RWA) tokenization…
Filed under: News - @ March 23, 2025 5:23 am