Can XRP Price Hit $3 as BTC Edges Closer to $100K?
By: bitcoin ethereum news|2025/05/08 17:30:02
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XRP price today is up nearly 3% after Bitcoin (BTC) shot up to $99K. With the key cryptocurrency inching toward the $100,000 psychological level, the crypto market is visibly bullish. Considering this optimistic outlook, let’s explore when XRP token can revisit $3. Bitcoin price has been on a sustained rally since April 21 and has soared nearly 17% since then. This uptick has pushed BTC up from $85,139 to $99,374. The sudden uptick has the potential to end the consolidation XRP price is stuck in, potentially pushing it up to new highs. Technical analysis points to a few key hurdles that need to be overcome to increase the chances of XRP token hitting $3. XRP Price Analysis Hints $3 Possible If These Conditions Are Met The daily chart shows XRP price has been stuck trading inside the $2.06 to $2.60 range for more than three months. This area is where 70% of the volume was traded since this consolidation began in December 2024. The result of this sideways movement is the production of lower highs, which can be connected to show the persistent loss of buying pressure. Currently, XRP trades at $2.184 , retesting the declining trend line connecting the swing highs formed since March 25. Overcoming this hurdle will put the token face-to-face with a high volume node (HVN) at $2.41, which is the most critical resistance level that buyers need to overcome. This is where the highest volume was transacted in the past three months. Interestingly, this level also coincides with the declining trendline formed since January 20. If these two key hurdles are overcome, there is free sailing for XRP price until it hits the next HVN at $3.11. Will Ripple (XRP) Rise to the Occasion? The crypto market outlook, as noted above, is bullish due to Bitcoin’s ascent to $100k. Altcoins that remained rangebound will have the opportunity to blast higher as investors’ confidence grows and profits from BTC rotate to altcoins like XRP, Ethereum (ETH), Solana (SOL), and so on. Additionally, CoinGlass data shows that the OI weighted funding rate remains low at 0.00103%, indicating that the bullish trade is not crowded, hinting at upside potential. A similar observation can be made with the open interest for XRP, which has more or less remained flat since 2025, around $3.0 billion to $3.6 billion. This indicates a lack of leverage and indicates high potential for an upside move. On the contrary, if XRP price loses the $2.06 support level, it could lead to a steep correction into the low volume zone, extending from $1.87 to $1.56. Frequently Asked Questions (FAQs) XRP’s price is up nearly 3% after Bitcoin’s surge to $99,000, and it’s currently trading at $2.184. XRP needs to overcome the declining trend line and the high volume node (HVN) at $2.41 to potentially reach $3. The crypto market outlook is bullish due to Bitcoin’s ascent, and XRP may blast higher as investor confidence grows and profits rotate to altcoins. ✓ Share: Akash Girimath Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/markets/when-can-xrp-price-hit-3-as-btc-edges-closer-to-100k/
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