XRP Bulls Target $3—What’s Driving Ripple’s Potential Surge?

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  • XRP’s price is gaining momentum with a potential target of $3, backed by bullish technical patterns and legal clarity.
  • Ripple’s partnerships and an anticipated XRP ETF approval could drive further demand for the cryptocurrency.

XRP is currently trading at $2.11, and its price movement has sparked excitement among investors. Analyst EGRAG CRYPTO highlighted key price levels that could shape the token’s near-term trajectory.

The focus is to hold above $2 to break out above $3. A firm push through $3.20 to $3.40 would be a turning point, which may put XRP on a course to the upper resistance at $4.60. Failure to hold key levels, however, may see pullbacks, at least in the short term.

The fulfillment of an inverse head-and-shoulders pattern would mean that XRP can extend its upward movement until April 2025. If the formation is valid, a break above $3 would push the asset towards higher levels.

The short-term obstacle is at $2.65, which must become solid support to move higher. A daily close above $3.00 would also reconfirm bullish momentum, and a longer-term rally would then be more probable.

Source: X

Any sustainable move above $4.60 can be a sign of a potential distribution phase, a shift in market sentiment. However, for as long as XRP holds its support zones, the forecast is favorable for further upside.

XRP Legal Clarity Fuels Investor Demand

One of the main reasons for XRP’s recent strength is Ripple’s legal clarity. XRP’s legal status has changed significantly following Ripple’s partial victory over the U.S. SEC.

The regulator’s latest actions suggest that it could be paving the way for a complete withdrawal of its appeal against Ripple’s programmatic sales.

A closed meeting of the SEC on March 27 fueled speculation that a final decision could be imminent, but nothing has been officially announced. The ongoing legal clarity for XRP has positively impacted its demand as investors await further regulatory progress.

Eleanor Terrett made an observation that Ripple’s lawsuit differs from other crypto lawsuits. The SEC must now approach the Southern District Court to request Judge Analisa Torres to lift the standard injunction, something that would have a huge impact on XRP’s market status.

Meanwhile, the SEC’s most recent litigation status report excluded Ripple, which further increased expectations that the case is moving towards its conclusion. As these developments unfolded, speculation regarding an XRP ETF has intensified.

Nate Geraci, president of ETF Store, believes approval is inevitable, a sentiment shared by most in the industry.

On the crypto betting platform Polymarket, users currently estimate an 86% probability that an XRP ETF will be approved in 2025. An approved ETF would provide institutional investors with regulated exposure to XRP, resulting in heavy capital inflows into the market.

Source: Polymarket

Ripple’s Expanding Ecosystem Fuels Growth

Other than regulatory and legal factors, Ripple’s strategic expansion is the other main driver of XRP’s potential rally. The company recently announced a partnership with Chipper Cash, a leading payments infrastructure firm in Africa.

As we previously reported, this collaboration will enhance cross-border transactions on Ripple’s crypto-enabled payments network, delivering faster and cheaper remittance services throughout the continent.

Chipper Cash has five million clients in nine countries in Africa, and it plays a very vital role in the financial sector in the region. Through the inclusion of Ripple Payments, its customers can receive money from anywhere in the world easily.

The partnership falls under Ripple’s broader vision of enabling more efficient global payments and increasing the adoption of digital assets in finance.

Nevertheless, the combination of positive regulatory developments, the potential for an ETF, and a strong fundamental picture have made XRP one of the most compelling assets of the current cycle. If the momentum can be maintained, it will not be long before XRP breaks through the $3 level.

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