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Shocking XRP recovery: targeting $3 again? Solana (SOL) is about to break out, Ethereum (ETH) is about to face a test.
XRP got off to a strong start in 2025 and showed a strong rebound as it moved towards the next possible milestone. The price performance of XRP indicates that it is gaining momentum for a larger movement after breaking out of the descending wedge pattern and recovering above the $2.18 support level. With the recent bounce, XRP is now well above the 50 EMA, a key technical indicator that may suggest entering a bullish zone. After a significant adjustment at the end of 2024, the asset's value lost nearly 30%, and this recovery has taken place. However, the increase in trading volume and the recovery of buying interest highlight investors' confidence in the long-term prospects of XRP.
Why is $3 a new target? XRP has always struggled to maintain its price level above $3; the last notable attempt was during the 2018 bull market. Achieving this goal will strengthen its position as a significant participant in the cryptocurrency market, representing a psychological victory as well. To rise to $3, XRP needs to overcome significant resistance levels, especially the previous obstacles at $2.50 and $2.75.
In addition, XRP's on-chain indicators also show signs of recovery. The positive sentiment of holders and higher trading volume further support the potential for the asset to rise. If these patterns continue, XRP may establish a solid foundation for long-term expansion in 2025.