Is XRP About to Hit $3? The Shocking Truth Revealed! 🚀💰

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In the grand theater of the altcoin industry, where Bitcoin struts about like a peacock, flaunting its $97,047 plumage, we find ourselves in a curious spectacle. The 24-hour volatility of this digital bird is a mere 0.8%, while its market cap sits comfortably at $1.92 trillion, as if it were lounging on a throne of gold. Meanwhile, the trading volume, a modest $27.88 billion, flutters about like a nervous sparrow.

Enter Ripple Labs’ XRP, a scrappy contender in this digital coliseum, currently priced at $2.75. With a volatility of 12.3% over the last 24 hours, it’s clear that XRP is not one to shy away from a good tussle. Its market cap, a respectable $158.92 billion, and a trading volume of $5.98 billion, suggest that it’s ready to rumble. Just last Friday, February 14, during the mid-London session, XRP surged over 10%, reaching a thrilling $2.68. Who knew love could be so profitable?

Midterm Expectations for XRP Price

Having rebounded from a support level of around $2.3, XRP is now testing the waters at the resistance level of $2.72. Since the dawn of December 2024, XRP has been consolidating in a rising bullish flag, following a breakout from a six-year triangular prison. It’s like watching a butterfly emerge from a cocoon, if that butterfly were made of digital currency.

From the lofty heights of technical analysis, we observe that XRP is in the second wave of the Elliott wave theory. Should it manage to close above the resistance range of $2.72 to $2.88, we might just witness a glorious ascent toward the upper border of the bullish flag. It’s like watching a soap opera, but with more numbers and less drama.

Crypto analyst Ali Martinez, with the wisdom of a sage, proclaims that XRP is poised to rally towards a new all-time high (ATH) if it can hold the support level around $2.3.

As long as $XRP holds steady above $2.30, it could see a move toward $3!

— Ali (@ali_charts) February 13, 2025

Yet, let us not be blinded by optimism. A potential bearish sentiment lurks in the shadows, whispering of a head and shoulders (H&S) pattern, accompanied by a bearish divergence of the Relative Strength Index (RSI). Should the winds of negativity blow, XRP may find solace at a support level around $1.26, coinciding with the 2.618 daily Fibonacci Extension. Ah, the Fibonacci, the mathematician’s version of a safety net!

Top Reasons to Remain Bullish

The meteoric rise of XRP in recent quarters is not merely a stroke of luck; it is underpinned by robust fundamentals from Ripple and a regulatory environment that seems to be warming up like a cozy fireplace. Ripple Labs has been busy enhancing its XRPL network, making it more interoperable than a Swiss Army knife.

Take, for instance, the Ripple USD (RLUSD), which has ballooned to a market cap of over $108 million, with a 24-hour trading volume of about $137 million. Ripple has partnered with several web3 companies, including Revolut, to usher in the mainstream adoption of RLUSD. It’s like a digital currency party, and everyone’s invited!

Meanwhile, Ripple CEO Brad Garlinghouse has been singing a hopeful tune, suggesting that the approval of a spot XRP ETF is just around the corner in the United States. The US SEC has acknowledged the 19b-4 filing of Grayscale XRP Trust, which is set to make its debut on NYSE Arca. It’s like waiting for the next big blockbuster to hit the theaters!

And let us not forget the leadership changes in major US financial regulatory agencies under the Trump administration, which have attracted a flock of institutional investors to XRP. Earlier this week, Crypto.com announced that XRP will be listed on the exchange by February 14, 2025. It’s a digital currency love story, and we’re all just here for the popcorn!

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2025-02-14 12:58