Can XRP Price Hit $3 This Weekend?

With Bitcoin hovering around $100,000, altcoins have made a comeback. XRP has breached a key hurdle, which hints that the next phase involves a massive uptrend. With Ripple emerging as the top gainer in the past 24 hours, investors wonder if this momentum is enough to push XRP price to hit $3 this weekend. Will Ripplle manage to pull off this move? Or will profit-taking trigger a correction?

Can Weekend Rally Propel XRP Price to $3?

XRP price hitting $3 this weekend is not something unnatural or outside the real of possibility. The spike in bullish momentum that propelled it to become one among top gainers in the past 24 hours could easily push it to the $3 mark. Considering that this target is just 20% away, XRP price can hit $3 this weekend.

Apart for the increased momentum, weekends often witness lower liquidity and trading volumes, creating conditions for manipulation that lead to significant price swings in either direction. As mentioned, XRP only requires a 20% rally to reach $3, a move that is not uncommon in the volatile crypto market. This outlook is attainable if BTC continues it move above $100k.

Technical indicators also support the possibility of this bullish outlook. With market sentiment improving and crypto assets gaining traction, XRP appears poised for a strong upward movement. If the momentum holds, the $3 target is achievable, marking a significant milestone for Ripple’s native token.

XRP Technical Analysis: Ripple’s $3 Weekend Target

XRP price has successfully breached its downward-sloping trendline, signaling a reversal in the previous bearish trend. This breakout is the first indication of bullish strength and opens the door for higher price movements. At the time of writing, the value of the XRP is trading at $2.48, with a surge of 7% in the past 24-hours, hovering below the $3 mark.

The Relative Strength Index (RSI) is currently at 63, indicating a bullish trend nearing the overbought region. The Awesome Oscillator (AO) indicators are currently at a positive trend and must hold above their midpoint levels. A decline below these midlines indicates weakening momentum and a rise in bearish pressure, potentially derailing the current outlook.

If XRP maintains the above conditions, the price could see a significant 20% upside toward $3. The next few trading sessions will determine whether bulls can hold momentum and push XRP toward this ambitious target.

XRP price chart: TradingView

The top altcoin must maintain the critical support level at $2.23. A drop below this zone would weaken buyer momentum and cast doubts over a sustained rally. If this level fails, XRP could retrace sharply by approximately 15% to the $1.95 region.

The XRP price potential to hit $3 this week depends on sustained bullish momentum and market conditions. Holding key support at $2.23 is critical, while broader crypto optimism could drive the rally further.

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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.