XRP, a cryptocurrency that recently recovered to $3, is gaining interest among traders and investors. This price point has become significant as both a psychological and technical milestone, raising overall optimism in the market.
XRP Reclaims $3: Market Signal
XRP's return to the $3 level marks its highest price since the 2018 peak. This breakout signifies a substantial win for long-term holders and a strong indication of returning positive trends. Over the past 24 hours, XRP has gained over 7%, recently reaching around $2.97 and hitting an intraday high of $3.02. Technical analysts have noted increased trading volume and strength behind XRP's movement. The token has recently pushed above key resistance zones, including the 200-day moving average, and appears ready to retest higher price targets if it holds above $3 in the coming days.
Analyst Predictions: Targets $10–$20
In a recent post on platform X, analyst BarriC shared his outlook, stating that the next target for XRP is in the $10–$20 range. While not detailing a specific timeline or technical path, this projection aligns with broader expectations of an ongoing altcoin season, where assets like XRP often experience significant gains as market momentum builds. This target reflects a potential 3x to 7x increase from current levels, supported by other voices in the XRP community viewing $10 as a reasonable goal in a full-blown bull market scenario.
Long-Term Expectations: Path to $1,000
Perhaps the most eye-catching part of BarriC’s statement is the suggestion that XRP could eventually rally from $10–$20 to $1,000. While the post doesn’t detail the mechanics behind this forecast, it reflects the high expectations some XRP holders place on the token’s long-term utility and institutional adoption potential. However, a price of $1,000 would imply a market capitalization in the tens of trillions of dollars, far exceeding today's total crypto market. Although XRP indeed has utility in cross-border transactions, there is currently no verifiable evidence that its adoption is expanding at a pace that would support such valuation in the near term.
XRP's return to the $3 mark is a significant achievement and has generated anticipation among token supporters. If this level is maintained, the focus will shift to the potential to reach the next target — the $10 to $20 range, although higher projections remain speculative.
