Can XRP Surge Past $3 Before the DC Blockchain Summit?

Jakarta, Pintu News – At a time when the crypto market is exhibiting volatile dynamics, two catalysts might end the consolidation of Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- prices and trigger a run-up to $3.

The significant rise in the number of active addresses and the upcoming DC Blockchain Summit on March 26, 2025 were the main highlights.

This article will dig into the possibility of Ripple (XRP) breaking the current price stagnation ahead of the key event.

Ripple (XRP) Price Increase Potential

From a technical perspective, the current (3/19) price of Ripple (XRP) is within the range of $2.057 to $2.724. After deviating from the lower boundary of the range on March 11, the token has surged 30% to reach a local peak of $2.47.

Read also: Crypto Analyst Predicts XRP Price Potential to Explode to $20: 18 XRP ETFs Ready to Launch?

For the trend to remain bullish, Ripple (XRP) needs to register a higher low above $2,057. This will push the price to revisit the upper limit of the range at $2,724.

In a very bullish scenario, if Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- price remains above $90,000, the Ripple token could turn the high resistance level of the range at $2,724 into a support level, and potentially go up to $3.

This move would equal a gain of almost 40%, assuming the Ripple (XRP) price records a higher low of $2.1571.

Triple Increase in Ripple (XRP) Active Addresses

On December 2, 2024, the price of Ripple (XRP) touched $2.69 for the first time in over five years. This level recorded a peak Daily Active Address DAA->Current DAA PriceRp 2.086.475.304Market Cap-Trading Volume-Circulating Supply- of 165,000.

Since then, this on-chain metric has shown a decline, indicating reduced investor interest. However, DAA more than tripled to 530,000 on March 2. This sudden spike suggests that investors are interested in the current price level.

As the DAA surge has persisted over the past two weeks, this suggests that Ripple (XRP) holders are anticipating something big in the coming days.

The DC Blockchain Summit, where many well-known crypto figures and US government officials gathered to discuss cryptocurrencies, became a pivotal point. Given that Ripple is a US-based company, this Summit could reveal the role of Ripple and other key cryptocurrencies in advancing America as a crypto capital.

Read also: North Dakota Senate Passes Crypto ATM Bill, Limits Daily Transactions to $2,000!

Possible Ripple (XRP) Price Increase to $3

Given the significant increase in DAA and the upcoming DC Blockchain Summit, the chances of Ripple (XRP) price rallying to $3 and higher seem high. The summit might provide new insights into the role of blockchain and cryptocurrencies in the US economy, which could spark further investor interest.

If market conditions are favorable and investor sentiment remains positive, a Ripple (XRP) price increase to $3 is not out of the question.

Overall, taking into account favorable technical and fundamental factors, as well as important upcoming events, investors and market watchers should pay close attention to the price dynamics of Ripple (XRP).

The rise in the number of active addresses and the DC Blockchain Summit could be the catalysts that push Ripple (XRP) to reach higher price levels.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Will XRP Price Hit $3 as Active Addresses 3X Ahead of DC Blockchain Summit. Accessed on March 20, 2025