As several cryptocurrencies bounce back, XRP has crossed an important price barrier, igniting speculation about its potential upward trajectory. Over the last 24 hours, XRP’s impressive performance as a leading gainer has raised questions about whether it can maintain this momentum and reach $3.
Is $3 Achievable for XRP This Weekend?
Achieving a price of $3 by the end of the weekend appears to be a realistic goal. The cryptocurrency has experienced a 7% surge over the last day, and with Bitcoin holding steady above the $100,000 mark, the indicators are favorable for this target.
What Affects XRP’s Price Movement?
The weekend typically sees lower liquidity and trading volumes, which can lead to significant price swings. A 20% rise for XRP to reach $3 is not uncommon in the fluctuating cryptocurrency market.
XRP’s technical indicators suggest promising signs for an upward movement:
– The cryptocurrency has recently broken its downward trend, improving its price to $2.48 with a notable 7% increase.
– The Relative Strength Index (RSI) at 63 indicates a bullish movement nearing overbought conditions.
– The Awesome Oscillator (AO) also reflects positive trends; however, any decline below midpoint levels could reduce upward momentum.
The ability of XRP to hit the $3 mark largely depends on sustained market strength and ongoing price momentum. Bitcoin’s stability above the $100,000 threshold remains integral for XRP’s success in reaching this ambitious target.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/can-xrp-price-hit-3-soon