Can $XRP Reach $3? Bearish Momentum Causes Investors to Diversify with Lunex Network and TRON
After an impressive 400% rally, Ripple’s (XRP) momentum has stalled as investors start taking profits. Meanwhile, Tron is showing signs of strength after pulling back to a recent high.
A newcomer is also gaining significant traction – Lunex Network, which is set to redefine the DEX space with its innovative cross-chain platform.
In one nearly unbroken move, Ripple (XRP) surged to $2.84, a level not seen since early 2018. However, the surge lost steam as resistance mounted, forcing a retracement in Ripple’s price. Currently, Ripple is consolidating around $2.50 after buyers stepped in to scoop up the dip to $2.25.
During this surge, Ripple rose to $142 billion, which made it surpass Solana, BNB, and even Tether, placing XRP as the third-largest cryptocurrency in the market. Additionally, after months of rigorous testing, the launch of Ripple’s RLUSD stablecoin is approaching.
This will put Ripple at the forefront of the stablecoin industry and will likely lead to a new rally that could see XRP regain $3 by the end of the year.
