Home
Crypto News
Market
XRP Price Finally Crosses $3 for the First Time Since 2018
XRP Price Finally Crosses $3 for the First Time Since 2018
January 15, 2025
Image Owned By The Crypto Basic. Logo Displayed In The Image Are Owned By Respective Crypto Project
After years of anticipation, the price of XRP has finally surpassed the $3 mark amidst a significant surge that began last week.
XRP has experienced an extraordinary performance over the past three months. Its upward trend started following the election victory of Donald Trump last November, enabling it to skyrocket by 480% from a low of $0.50 to a seven-year peak of $2.9 on December 3, 2024.
XRP Price Finally Reclaims $3
Despite the bullish momentum, XRP encountered resistance at the psychologically important $3 price level after surpassing $1 and $2 in one swift move. This obstacle resulted in a pullback and subsequent consolidation. However, after six weeks of range-bound price movement, XRP has now successfully broken through the $3 mark.
This marks the first time that the cryptocurrency has exceeded $3 since it gave it up during a correction in early 2018. To provide context, the price of XRP witnessed an impressive rally from March 2017 to January 2018, reaching an all-time high of $3.31 before experiencing a significant correction that dropped it below $3.
Since then, the asset has struggled to reclaim the $3 territory, despite occasional price surges in 2021. The recent achievement has generated excitement within the XRP community, with prominent FOX Business reporter Eleanor Terrett drawing attention to it in a recent post on X.
Eleanor Terrett on X
What Comes Next?
Data from a daily chart indicates that this milestone is the result of an impressive 11.4% increase in XRP’s price today. The altcoin is currently building on a bullish momentum that started over the weekend, with an initial 10% surge in price on Saturday, January 11.
Despite a 2.81% pullback on Sunday, XRP began the new week with renewed strength and is now aiming to achieve a third consecutive day of intraday gains. Today, the asset reached a new seven-year high of $3.02 on Bitstamp following the release of U.S. CPI data, before encountering resistance that led to a minor pullback.
Currently, XRP is trading at $2.97, representing a 15.54% increase over the past 24 hours. This makes it the highest gainer among the top 10 assets in the past 24 hours and the fifth-highest gainer among the top 100. The bulls are now seeking to initiate another push to surpass the $3 mark, but the Commodity Channel Index readings at 236 suggest that the market may be overextended.
XRP 1D Chart
At this point, XRP’s price may face a more significant pullback towards the $2.5 support level if demand does not surge beyond current levels. Below this, the next support lies at the $2.48 price level, which aligns with the 78.6% Fibonacci extension. On the upside, XRP could target $3.7 (Fibonacci 1.272) if the bulls successfully surpass $3 and establish it as a support level in the coming days.
Tags
Latest XRP (Ripple) News Today
XRP Price
XRP Price Prediction
