XRP's price is on the rise, nearing the $3 resistance level. This week has seen buyers attempt to push the price above $2.5. We explore if they can overcome this key mark and what factors influence it.
The Price Eyes $3
This week, buyers managed to take the price above $2.5, reaching $2.8 before sellers returned. The current key resistance is at $3. Should bulls manage to break it, this cryptocurrency has a good chance of setting new record highs later.
Buyers Still Lack Sufficient Strength
Even if buyers made steady progress this week, they did not manage to gather sufficient momentum to really challenge the resistance at $3. The momentum indicators remain rather flat, and until the key resistance is broken, buyers may not return in numbers.
Volume Remains Low
Since the start of 2025, the volume has remained low and decreased considerably since the highs in late 2024. This is another signal that XRP lacks the strength for higher highs right now. However, this can change at any moment as soon as the overall market sentiment improves.
The situation with XRP shows that despite some positive shifts, breaking the $3 resistance level remains a challenge. Insufficient volume and momentum still hold back this cryptocurrency, but changes may occur with an improved market environment.
