The post Can XRP Price Reach $3 This Week? Bullish Pattern Emerges as Whale Opens $5M Long Position appeared on BitcoinEthereumNews.com.

Ripple (XRP) price looks prime for a parabolic run towards $3 this week amid a massive bull pattern that has seen whales open long positions on the altcoin. These bullish signs follow a notable 10% surge in just one week that saw XRP hit a monthly high of $2.47. At press time, Ripple trades at $2.38 with an intraday loss of around 1% as Bitcoin and most altcoins cooled down after the US-China trade talks. However, two key metrics explain why XRP may outperform the rest of the crypto market in the next seven days. XRP Price Targets $3 This Week As Bullish Pattern Emerges XRP price eyes a 36% increase from its current price, which may push it past $3 towards previous highs. This potential surge is depicted in an inverse head and shoulders pattern, which usually signals that a trend is about to change from a downtrend to an uptrend. At press time, XRP had overcome resistance at the neckline of this bullish pattern, and this suggests it may be ready for the next bullish leg above $3 to $3.04. If it reaches this target level and extends the upward trend, the prior ATH of $3.40 may be in sight. Ripple’s RSI stands at 61, indicating that despite the XRP price rally hitting the $2.40 barrier, it is still under a bullish momentum. The MACD line also continues to form higher highs since crossing above the zero line, which is also a confirmation that bulls are gaining strength. XRP/USDT: 1-day Chart The above bullish pattern indicates that Ripple price may reach the highly coveted $3 target before the end of the week as buying momentum rises. However, this upswing is contingent on defending the support of $2.23, as failing to do so may cause a bearish Ripple outlook…

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Filed under: News - @ May 12, 2025 7:24 am