The XRP price is back on the headlines since it has recorded a massive price action in the past few weeks. The token has breached its $3 mark again and reached a high of $3.30 today. This has left its investors to question whether XRP might next be able to surpass its ATH?
XRP Price on the Path of a Major Breakout?
The XRP price has already increased more than 56% in the past month with 8.43% in the past 24 hours alone. With this, its market cap has increased to $191.8 billion. The latest pump has dragged XRP into a key resistance zone between $3.25 and $3.30.
Notably, it last retested the range in February which resulted in a major sell-off. The volume indicator is also recording a steady upward trend, suggesting that more traders are interested in trading and have confidence in the market.
Will Ripple’s XRP Hit $5?
The next key resistance levels to watch are $3.50 and $3.75 respectively. On an optimistic outlook, XRP is on one of the best runs of the year 2025. However, to crack and maintain above $4, XRP will require a major bullish rally or a regulatory clarity such as Ripple legal progresses or general market conditions that can benefit altcoins. If these conditions come true, XRP price could target even $5 or higher.
On the flip side, immediate support lies at $3.00, followed by $2.70. In an extreme bearish situation, the value of XRP token could plunge toward its crucial low of $2.50 in the upcoming time.
Also Read: Ripple Co-Founder Moves $26M XRP to Coinbase. Is He Selling?Â
