XRP has crossed $1 for the first time since November 2021, and analysts predict that the price could reach $3.
The crypto market is seeing a general uptrend, and XRP is being positively impacted by this movement. Last week, the XRP price attracted attention by exceeding the $1 level. With the price increase over the weekend, XRP doubled its value and joined the general uptrend in the crypto market. Analysts say that XRP continues to gain value due to increased investor interest and strengthening market expectations.
XRP’s weekly close above $1 is considered an important sign by analysts. This shows that XRP has emerged from a long-term stagnation and is entering a recovery process. Market analyst XRP CAPTAIN stated that this move is a strong breakthrough and that investor interest has increased. Ripple managed to regain investor confidence by rising above the $1 level.
According to analysts, if XRP breaks the critical resistance of $1.25, it could trigger a new rally towards the levels of $1.50 and $2. This level points to the long-term growth potential of XRP.
XRP is currently trading at $1.14 and is up 96% in the last week. This shows how strong the market sentiment is. XRP reaching $3 is possible if market conditions strengthen and resistance levels are broken.
The recent price surge in XRP is not only related to investor interest but also market dynamics. Last week, 18 US states accused the SEC of interfering in the crypto market. The increasing pressure on SEC Chairman Gary Gensler and expectations for crypto-friendly leadership created a positive atmosphere in the markets.
During this period, Bitcoin exceeded $90,614 and $91,000; Ethereum also exceeded $3,088 and $3,100, increasing the overall market vitality. Ripple continues to rise by taking advantage of this strong market momentum.
XRP is down 70% from its all-time high of $3.84, meaning it still has a lot of potential for investors. Experts say that if XRP reaches $3, it’s dependent on market conditions remaining strong and the bull market continuing.