XRP Breakthrough of $3 is Imminent! Ripple Achieves New Heights, Market Bullish Momentum Strong

Ripple (XRP) price has been continuously rising since April 7, with a significant increase, and it has firmly maintained above $2.20, sustaining strong bullish momentum. Although the XRP price experienced a pullback on Tuesday, it still remains above the critical 50, 100, and 200-day Exponential Moving Averages (EMA), indicating strong support. As traders buy on dips, XRP is expected to break through $2.40 and challenge the supply zone between $2.80 and $3.00.

The upward potential of XRP's price is also driven by several positive factors, including the progress of Ripple's settlement negotiations with the U.S. Securities and Exchange Commission (SEC) and the recent approval of the XRP futures ETF. Additionally, Ripple's expansion into the stablecoin market and tokenization services has also boosted market confidence.

Although market sentiment is still influenced by a tug-of-war between bullish and bearish forces, if XRP can break through the existing resistance area, the $3 threshold may be resolved in the near future.