Amid a sustained uptrend, XRP has finally claimed the dollar mark for the first time in nearly three years, with market participants anticipating its next move.

XRP had a slow start to the ongoing phase of the bull run, which began on the back of the Donald Trump victory in the U.S. presidential election nearly two weeks ago. While Bitcoin claimed new all-time highs days after the election victory, XRP struggled to maintain the $0.57 price level.

XRP Finally Clinches $1

This underperformance triggered panic, with some investors expressing concerns that the altcoin might also miss out on this bull run. However, XRP began its uptrend this week, breaking above the $0.60 level on Monday, and leveraging this territory to engineer more substantial surges.

The token sustained this upsurge, with a mild pullback on Nov. 13 that saw it drop 1.94%. A resumption of the rally allowed it to reclaim the psychological levels at $0.70, $0.80 and $0.90 on Nov. 14 and 15. Now, XRP has officially clinched the much-coveted $1 price after spiking 14.72% today.

The last time XRP saw this price was in December 2021, as it dropped from the $1.96 peak in April of that year. Several analysts have suggested that the $1 mark represents the launchpad that XRP needs to aim for further growth toward its ATH of $3.31.

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