XRP’s Potential to Reach $3

The recent strength indicators for XRP have fueled discussions about whether the asset can return to the $3 mark soon. The potential for such a move cannot be completely dismissed given the cryptocurrency’s recent price spike and boosting sentiment. However, to surpass this critical psychological and technological barrier, several factors must align.

Solid Base around $2.20

XRP has managed to establish a robust base around the $2.20 mark to prevent further declines. Recently, it approached the upper trendline of a descending channel, which remains a key resistance point. A breakout above this trendline would significantly increase the chances of XRP rising toward $3. Conversely, failure to break through could result in another correction, keeping the asset range-bound. The 200-day EMA currently serves as an additional resistance level, hovering just above the price action.

Bullish Signal

In the coming weeks, if XRP closes decisively above the 200-day EMA, it would present a strong bullish signal. The market’s perception of Ripple and its ongoing legal battle with the SEC is crucial in influencing XRP’s price.

Recent favorable rulings have boosted confidence in XRP, leading to price increases. Continued positive news might spur XRP to test higher prices. The overall market state plays a vital role too; more capital inflows, particularly if Bitcoin experiences another bullish phase, could help XRP hit the $3 target.

Bitcoin Breakthrough

Bitcoin has made significant strides in 2025, overcoming the 200-day EMA, a vital resistance level that has kept the asset in a downward trend. This breakthrough could signal the start of a bullish reversal. However, risks remain as the 26 EMA is a considerable resistance point, and the uptrend is uncertain unless Bitcoin breaks through it. Unlike previous movements, this breakout was accompanied by an unexpected volume spike, indicating possible aggressive buying.

Despite this, Bitcoin faces significant resistance. If rejected at the 26 EMA, it might revert to its previous downward trend and negate recent gains. Yet, sustained momentum could lead to a stronger rally.

Ethereum Recovery

Ethereum has bounced back to the $2,000 price level after a bearish trend. The asset, which struggled to remain above this psychological barrier, found strength from an unexpected rise in buying pressure. Increased trading volume is a significant factor contributing to this recovery, indicating strong market interest.

The rise is partly due to whale activity. Recent on-chain data indicates that three whales moved 14,217 ETH (worth $29 million) from Binance to Aave and borrowed $12 million USDT, likely aiming to procure more ETH. This suggests continued optimism among large holders about Ethereum’s growth.

Despite this recovery, ETH continues to face resistance levels. A significant hurdle exists between $2,150 and $2,200 where sellers previously dominated. A strong push towards the $2,400-$2,500 range, housing long-term moving averages, may be on the table if the asset clearly moves above the key resistance area.

However, returning below $2,000 could trigger another wave of selling pressure if Ethereum fails to maintain its momentum. Given recent liquidation events in the broader market, caution is warranted. For now, the bulls appear to be regaining control of Ethereum, and further gains may be on the horizon if buying pressure continues.