๐ธ๐ $XRP Targets $3: Wait for More Gains or Dump to Break Even?
Rippleโs XRP has surged over 300% in the past month, driven by the Trump-pump and renewed market interest. Reclaiming the $1 mark, it soared past $2, breaking multiple resistance levels after three years of consolidation. While heavy profit-taking followed, market makers remain bullish on a $3 breakthrough, setting the stage for potential all-time highs.
๐ Key Market Trends
On the daily chart, XRP shows consistent profit-taking after testing resistance, typically followed by a fifth-day rebound. Despite nearing $3 recently, overbought conditions triggered a pullback, with XRP now trading at $2.27. However, indicators like RSI and MACD suggest room for further gains, supported by strong FOMO sentiment.
๐ $3 and Beyond?
Bulls remain optimistic about breaking $3, though corrections at $2.8 are likely. Longer-term predictions even target $6 by 2025, but achieving these highs depends on Bitcoin stabilizing after its recent dip. External market factors will heavily influence XRPโs trajectory.
๐ค HODL or Sell?
With bullish indicators and growing confidence, holding XRP could be a strategic move. However, market volatility remains a challenge. Observing Bitcoinโs performance over the weekend will provide clarity on whether a $3 breakout is on the horizon or if profit-takers will dominate.