XRP at $3: Is This Just the Beginning of a Massive Rally?

XRP just smashed through the $3 barrier—now the crypto world is holding its breath. Can the rally sustain, or is this another classic 'buy the rumor, sell the news' setup?

Breaking Down the Momentum

The token's surge comes amid a broader market uptick, but XRP's fundamentals—partnerships, regulatory clarity, and adoption—are fueling its own fire. Unlike some 'meme-coins' that rely purely on hype (looking at you, Wall Street Bets alumni), XRP's utility gives it staying power.

What’s Next?

Technical indicators scream overbought, but since when has that stopped crypto? If institutional money keeps flowing, $3 might soon look like a bargain. Then again, if history repeats, retail traders will be left holding the bag while whales cash out. Stay sharp.

Litmus Test For XRP Beyond $3

XRP at $3 remains tricky as several investors took entry positions way back in 2016-2017 at around the same price. It hit an all-time high of $3.40 in January 2018, never to return to its previous glory again. It’s been seven years in the downturn, and early holders are finally waiting to break even and jump ship.

If a round of sell-off occurs from early investors, XRP’s price could face a litmus test above the $3 level again. The development could skirt the altcoin’s ambition of breaching its ATH of $3.40. Ripple has always headed south whenever it climbed above the $3 range, and history could repeat.

On the Brighter Side of the Markets

While that was a bearish case scenario, the good thing is that the markets are in a different situation now. Bulls are mostly in control of the markets with the backing of institutional giants through ETFs and ETPs. This situation was non-existent during the previous cycles, and the markets depended only on the broader macroeconomic factors.

Now that Bitcoin is pumping and hitting new all-time highs, the chances of XRP and other altcoins soaring remain high. If Ripple’s native token manages to breakout from here, it could breach its ATH of $3.40. Therefore, taking a risk with an entry position now and waiting till $3.50 cannot be ruled out.