Can XRP Price Hit $3 as BTC Edges Closer to $100K?
Highlights
- XRP's price may break out of its consolidation range and hit $3 if it overcomes key hurdles.
- Technical analysis suggests that overcoming the $2.41 resistance level is crucial for XRP to reach $3.11.
- The open interest and funding rate data indicate potential for an upside move, but a breakdown below $2.06 could lead to a steep correction.
XRP price today is up nearly 3% after Bitcoin (BTC) shot up to $99K. With the key cryptocurrency inching toward the $100,000 psychological level, the crypto market is visibly bullish. Considering this optimistic outlook, let’s explore when XRP token can revisit $3.
Bitcoin price has been on a sustained rally since April 21 and has soared nearly 17% since then. This uptick has pushed BTC up from $85,139 to $99,374. The sudden uptick has the potential to end the consolidation XRP price is stuck in, potentially pushing it up to new highs. Technical analysis points to a few key hurdles that need to be overcome to increase the chances of XRP token hitting $3.
XRP Price Analysis Hints $3 Possible If These Conditions Are Met
The daily chart shows XRP price has been stuck trading inside the $2.06 to $2.60 range for more than three months. This area is where 70% of the volume was traded since this consolidation began in December 2024. The result of this sideways movement is the production of lower highs, which can be connected to show the persistent loss of buying pressure.
Currently, XRP trades at $2.184, retesting the declining trend line connecting the swing highs formed since March 25. Overcoming this hurdle will put the token face-to-face with a high volume node (HVN) at $2.41, which is the most critical resistance level that buyers need to overcome. This is where the highest volume was transacted in the past three months. Interestingly, this level also coincides with the declining trendline formed since January 20.
If these two key hurdles are overcome, there is free sailing for XRP price until it hits the next HVN at $3.11.
Will Ripple (XRP) Rise to the Occasion?
The crypto market outlook, as noted above, is bullish due to Bitcoin’s ascent to $100k. Altcoins that remained rangebound will have the opportunity to blast higher as investors’ confidence grows and profits from BTC rotate to altcoins like XRP, Ethereum (ETH), Solana (SOL), and so on.
Additionally, CoinGlass data shows that the OI weighted funding rate remains low at 0.00103%, indicating that the bullish trade is not crowded, hinting at upside potential.
A similar observation can be made with the open interest for XRP, which has more or less remained flat since 2025, around $3.0 billion to $3.6 billion. This indicates a lack of leverage and indicates high potential for an upside move.
On the contrary, if XRP price loses the $2.06 support level, it could lead to a steep correction into the low volume zone, extending from $1.87 to $1.56.
Frequently Asked Questions (FAQs)
1. What is the current situation with XRP's price?
2. What are the key hurdles for XRP to hit $3?
3. What is the outlook for XRP's price?
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