With the recovery of various cryptocurrencies, XRP has also surpassed a significant price threshold. This development signals that the price may enter a notable upward trend. XRP’s recent performance as one of the top gainers within the last 24 hours has sparked curiosity about whether this momentum can propel its price to $3.
Can XRP Reach $3?
Reaching $3 this weekend is considered a plausible and realistic target. The 7% rise in the past 24 hours and Bitcoin 
$101,688 maintaining above the $100,000 mark provide positive indications for achieving this goal.
Weekends are generally associated with low liquidity and trading volumes, which can result in significant price fluctuations. A 20% increase required for XRP to reach $3 is a common occurrence in the volatile cryptocurrency markets.
XRP Technical Analysis
XRP has successfully broken its downward trend line, ending a previous declining phase. Currently priced at $2.48, it has shown a 7% increase in the last 24 hours. The Relative Strength Index (RSI) stands at 63, indicating a bullish trend close to the overbought territory.
The Awesome Oscillator (AO) indicators also demonstrate a positive trend, and it is expected to remain above midpoint levels. However, dipping below these levels could weaken the current upward momentum and lead to a price pullback.
Maintaining the support level at $2.23 enhances XRP’s potential to reach $3. Falling below this level may weaken buying momentum and could result in a price drop of approximately 15%.
XRP targeting $3 could materialize depending on the ongoing upward momentum and overall market conditions. Bitcoin’s persistence above the $100,000 level remains a crucial factor for XRP to achieve its target.
