The post XRP Price Bulls Eye $3, Can Momentum Spark A Parabolic Rally appeared on BitcoinEthereumNews.com.

XRP price has surpassed $2.60 while clocking in a 16% weekly increase that makes the market sentiment more bullish. Market analysts continue to watch as the asset asserts resistance points in its path toward a potential price breakout. A confirmed breakout could drive prices toward $3.05, making this a crucial moment for XRP price action. XRP Price Gains Momentum XRP is among the cryptocurrencies that are benefiting from Bitcoin’s continued recovery, crossing the $2.60 mark. This trend has boosted its weekly performance in a way that attracts more investors and attention. The asset has bounced back to the previous consolidation formation, which indicates a revival of buying interest. CasiTrades noted that XRP price has reclaimed its consolidation phase and is now testing the top trendline. Source: CasiTrades, X A breakout above this level could push prices toward $2.70 and $3.05, which are the next key resistance levels. Bottom trendline support currently stands around $2.57. Resistance at $2.70 and $3.05 XRP price is currently testing its top trendline, a level that has previously influenced price movement. The asset recently reclaimed the 0.118 Fibonacci retracement level at $2.598, reflecting upward momentum. A move above this resistance could shift focus to the $3.05 target. CasiTrades highlighted that confirmation is required to establish a breakout. Failure to break out could result in continued consolidation within the $2.57–$2.70 range. Analyst Predicts $100–$1,000 XRP Price in the Long Term More so, Matthew Brienen, Chief Operating Officer at CryptoCharged, has stated that XRP price could reach $100 to $1,000 within 5–10 years. Brienen attributes this projection to XRP’s role in the global remittance sector. Notably, the Chief Operating Officer at CryptoCharged has been accumulating XRP for over five years, making it a significant part of his portfolio. Additionally, Matthew Brienen noted a mix of short-term speculation and…

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Filed under: News - @ March 8, 2025 3:17 am