The price of Ripple (XRP) has broken a barrier that has been in place for nearly three years, climbing to $1 for the first time since November 2021. The achievement comes amid renewed optimism in the cryptocurrency market, driven by positive sentiment following the rise in interest and demand for the currency.
With trading volume picking up and investor confidence returning, the question now is whether XRP can maintain this momentum or if a price correction is on the horizon.
Ripple crosses the dollar barrier after nearly three years
Earlier today, XRP was trading at $0.85. However, after a strong bullish candle appeared on the chart, the price rose to $1.02, marking the first time the price has reached this level since the 2021 bull market.
This price increase coincides with positive developments around the altcoin since the emergence of Donald Trump as US President.
XRP price chart.
This is an evolving story…
