XRP Price Predicted to Reach USD 3 This Month, See the Following Analysis

Bittime - Price XRPpredicted to break through 3 USD this month, attracting the attention of investors who are waiting for significant movements from one of thealtcointhe largest in the market. Currently, the price of XRP is aroundRp48,856with daily changes of+0,20%, according to the latest trading chart data.

This increase is in line with the positive trend in the crypto market which is also driven by the movementBitcoin (BTC) And Ethereum (ETH)However, even though XRP is showing signs of recovery, a strong hurdle remains at the key $2.92 level before it can reach the psychological target of $3.

Ripple (XRP) Technical Analysis

Based on the 4-hour trading chart, Ripple (XRP) is still moving in a recovery trend after holding above the $2.80 support level. Some key points from the technical analysis include:

• Support Level:$2.85 has been a strong support area that has been held so far.

• Resistance Level:XRP faces initial resistance at $2.90, with a major hurdle at $2.92. If this level is broken, the next target is $2.98 to $3.00.

• Technical Indicators:

  • MACDis in the bullish zone, signaling positive momentum.

  • RSI still above the 50 level, indicating an open upside opportunity.

• Trading Volume:There was an increase in volume as the price tried to approach Rp. 50,000, indicating that buying interest was starting to strengthen.

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XRP's Potential Rise

If XRP is able to break through the resistance zone at $2.92:

• Price has the potential to test the $2.98 – $3.00 area.

• Higher targets could reach $3.05 as the next major hurdle.

• The bullish momentum could grow stronger if supported by positive trends from BTC and ETH.

Downside Risk

However, if it fails to break through $2.92:

• Price is at risk of falling back to the $2.85 support.

• Further decline could test the $2.80 level or even $2.72.

• Selling pressure could potentially increase if XRP is unable to maintain the $2.85 area.

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Conclusion

With the current technical conditions,XRP price is predicted to break through 3 USD this monthHowever, the journey to that level will not be easy. As long as XRP can hold above the $2.85 support and break through the $2.92 resistance, upside potential remains wide open.

For traders, this moment can be both an opportunity and a challenge. It's recommended to remain vigilant about market volatility and employ appropriate risk management strategies.

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FAQ

Can the XRP price break through 3 USD this month?

Yes, if XRP is able to break through the $2.92 resistance, the $3 USD target is very possible to achieve.

What is the nearest support for XRP at the moment?

Strong support is around $2.85.

How are XRP technical indicators?

MACD is in the bullish zone and RSI is above 50, giving a positive signal.

What happens if it fails to break $2.92?

The price could drop to $2.85 or even $2.80.

Is the short-term trend of XRP bullish?

Yes, the short-term trend is still bullish as long as the price stays above $2.85.