Ripple’s Comeback: Is $3 on the Horizon After Today’s Rally?

Ripple (XRP) has delivered a solid 24-hour performance, rising 2.29% to trade at $2.32. The altcoin showed resilience by staying consistently above the key $2.30 mark, a psychological level many traders are watching. Despite a slight 6.76% drop in 24-hour trading volume to $2.86 billion, the market cap climbed 2.30% to reach $136.87 billion, signaling a firm grip in the crypto top tier.

Tight Trading Range Reflects Stability

XRP traded between a low of $2.27 and a high of $2.34 during the last 24 hours, reflecting a tight and steady upward trend. This controlled movement suggests bullish momentum without extreme volatility. Traders and investors are taking note of the calm confidence that XRP currently exhibits.

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One of the most encouraging signs is the overwhelming community sentiment. Over 1.1 million votes show that 88% are bullish on XRP, with only 12% showing bearish tendencies. This wave of optimism adds further support to the ongoing uptrend, indicating strong investor confidence in Ripple’s near-term prospects.

Historical Context Shows Massive Growth

While XRP is still 39.36% below its all-time high of $3.84 set in January 2018, its current price reflects an astronomical increase of 83,036% from its all-time low of $0.002802 in July 2014. This long-term growth narrative keeps XRP on the radar of serious investors looking for strong historical returns.

XRP currently has 58.81 billion tokens in circulation, out of a maximum supply of 100 billion. With a fully diluted valuation (FDV) now at $232.7 billion, the token’s long-term growth potential remains significant, especially if demand continues to rise at this pace.

Institutional Adoption Adds Fuel

Further strengthening the fundamentals, Guggenheim Treasury Services recently launched tokenized commercial paper on the XRP Ledger. This marks a major institutional milestone and reinforces the growing adoption of Ripple technology in real-world finance.

With technicals pointing upward, strong community backing, and positive institutional developments, XRP looks ready to push beyond resistance. Should it break past $2.34, the next targets could be $2.50 and eventually a retest of the $3.00 level. For now, XRP isn’t just holding ground it’s gaining it.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.