XRP has revisited the $3 mark, a price level that has proven to be a significant battleground between bulls and bears. Recent data suggests that despite the price fluctuations, bulls are still in control, though they face considerable headwinds.
Currently, XRP is hovering around $3.02, with bulls actively trying to push the price higher, facing resistance at the $3 level. Over the past 24 hours, XRP has experienced a slight decrease of 0.05%, trading at $2.99761. However, over the last week, XRP has shown a gain of 1.04%, with a 7.43% increase over the past month and a substantial 412.15% increase over the past year. According to Kraken, the current price is $3.10, reflecting a 3.03% increase in the last 24 hours.
A key factor influencing XRP's price is the activity of large holders, or "whales," who have been selling into rallies, thus slowing down upward momentum. Key support levels are identified between $2.70 and $2.80; a drop below this range could lead to a further decline towards $2.40. On the upside, reclaiming the $3 level with strong trading volume would be the first step towards testing $3.70, with a potential move towards $4.00 later in 2025.
Technical analysis reveals that XRP is currently trading within a range of $3 to $3.2. Earlier in September, buyers managed to establish $3 as a support level, but this bullish momentum has since weakened. If buyers don't step in soon, XRP could retest the $3 support, and repeated tests of this level could indicate weakness, increasing the likelihood of a breakdown. To regain a bullish outlook, XRP needs to maintain a price above $3 and, more importantly, break through the $3.2 resistance.
Increased regulatory clarity in the United States could remove legal uncertainties for XRP, potentially opening greater opportunities for adoption and integration into the existing financial system. Growing institutional interest and strategic partnerships in the global remittance market could strengthen XRP's position as a cost-effective and efficient means of transferring value between financial institutions globally. Black Swan Capitalist forecasts XRP could reach $100 if institutions and banks continue accumulating XRP ahead of a potential Spot XRP ETF launch. XRP is gaining traction after the SEC approved its inclusion in Grayscale's crypto product and REX-Osprey's plans for a U.S. spot XRP ETF, boosting market confidence.
On the weekly timeframe, XRP is currently trending bullish, with the 50-day moving average sloping upwards and acting as a support. The 200-day moving average has been sloping upwards since February 20, 2025, indicating a strong trend. However, on the four-hour timeframe, the 200-day moving average has been sloping downwards since September 13, 2025, suggesting a weaker trend. Registered Binance Users predict that the XRP price is forecasted to reach $3.973961 in the next 5 years.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
