After weathering a sharp correction, XRP bulls are regaining momentum and setting their sights on a key resistance level as the cryptocurrency eyes its long-term price target of $3.85. Despite recent volatility in the broader crypto market, XRP has showcased resilience, bouncing back from its lows to maintain a solid upward trajectory.
The immediate resistance level lies around the $0.85-$0.90 zone, where sellers have historically stepped in to apply pressure. Breaking above this level could pave the way for XRP to aim for $1.20 and eventually test its pre-2018 highs. On-chain data shows increasing whale activity and rising trading volumes, signaling renewed investor confidence.
Adding to the bullish narrative is Ripple’s ongoing push for adoption and partnerships with financial institutions, leveraging XRP’s utility for cross-border payments. Analysts believe that if market sentiment remains favorable and regulatory clarity improves, XRP could surge toward the $3.85 level, last seen during the 2018 bull market.
However, traders are urged to remain cautious as macroeconomic factors and market sentiment can still influence short-term price movements. All eyes are now on XRP’s ability to break through resistance and maintain its bullish momentum in the weeks to come.
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