- XRP reached $3.14, a level last seen in 2018, reflecting renewed investor confidence and regulatory clarity.
- Resistance at $3.77 is the next target for bullish traders, while $2.55 remains a critical support level.
- Ripple’s payment utility and partnerships with financial institutions continue to provide a strong demand base for XRP.
One of the most spectacular outcomes in the cryptocurrency market was observed on 16th January 2025 when XRP crossed $3 – a level that has been unattainable since 2018. This achievement reflects the growth of token’s value and the broader shift in the crypto market.
It has taken over six and half years for XRP to close the week above the $3 psychological level. The current price rise also indicates a similar trend of higher levels of bullish pressure being observed in the cryptocurrency market, as many traders and investors look for direction due to regulations and technologies.
The Market Analysis of Trends and Indicators Then and Now
The year 2018 saw the craze of the crypto assets with high volatility causing most tokens to have multi-year bearish run. XRP was previously trading above the $3 mark in March 2017 to January 2018 in a spectacular spike to $3.09. But a quick slump soon occurred and brought the price to sub-$3, where it has lingered until now.
As of present, XRP is trading at $3.10, up by 8.8% from its price a day ago. The spot price has oscillated within a band of $ 2.73 and $3.18 in the last 24 hours while having a good upward trend. This surge also marks an increase of 5.5% against the US Dollar and presents a relative strength against Bitcoin which is attractive for investors.
What’s Driving the Current Surge?
XRP’s performance is bolstered by broader market factors, including Bitcoin’s stability and increased altcoin participation. Ripple’s partial victory in 2023 clarified XRP’s regulatory status, boosting investor confidence and paving the way for this significant rally. Also, the ability of XRP to perform cross- border payment and the cooperation with various financial institutions give a basic floor demand for the token.
The Implications for Investors
The next target at $3.77 is likely to attract value-conscious XRP buyers and those eager to capitalize on its potential growth into uncharted territory. After a remarkable recovery and breakout, investors are holding their breath on whether XRP shall extend its rise to push through a new high.
The rise of XRP back to the levels last seen in 2018 is quite telling about the shift in narrative in cryptocurrency space. While volatility remains a hallmark of the crypto space, XRP’s recent rally provides a renewed sense of optimism and reflection on past lessons.