Can XRP Reach $3 by the End of March? Here’s an Analysis!

Jakarta, Pintu News – Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- has shown an average growth of 19.2% every March over the past 11 years. Based on data from Cryptorank, Ripple (XRP) growth currently stands at 11.6% ahead of the last trading week of the month.

Despite facing some challenges, analysts predict that Ripple (XRP) still has the potential to close the growth gap of around 8% and reach its $3 price target.

Check out the full analysis below!

Ripple (XRP) Upside Analysis and Projections

Ripple (XRP) has recorded four consecutive years of gains and closed the month of March 2023 with a significant gain of 43%. If this positive trend continues, Ripple (XRP) could potentially reach $3 before the month ends.

However, this achievement requires a surge that exceeds the average monthly growth of 19%. Currently, Ripple (XRP) has seen an increase of 0.11% in the last 24 hours, with the trading price at $2.39. However, the price increase has been hampered by investors’ capital withdrawal.

Trading volume also decreased by 40.41% to $2.5 billion. Nonetheless, experts remain optimistic about Ripple’s (XRP) upside potential thanks to the positive sentiment that emerged after the Securities and Exchange Commission (SEC) dismissed an appeal of a lawsuit against Ripple.

Read also: The Fight for Bitcoin (BTC) Heats Up: Countries Race to Become the Biggest Owner!

Technical Indicators and Market Sentiment

Ripple’s (XRP) technical indicators are showing strong signals with the occurrence of a golden cross, where the 23-day moving average crosses the 50-day moving average from bottom to top. This often signals an uptrend and gives reason for optimism. Nonetheless, market watchers remain cautious in their optimism.

Ripple (XRP) has shown remarkable resilience in the crypto space over the past 30 days despite the market downturn. With the support of strong technical indicators and positive market sentiment, Ripple (XRP) can push the boundaries further to reach the $3 price again.

Also read: Open House Group Accepts Property Payments with XRP and Other Crypto in Japan!

Legal Outlook and Institutional Investment

The legal uncertainty that has long surrounded Ripple (XRP) seems to be starting to ease with a favourable SEC ruling. This allows institutional investors to allocate funds to Ripple (XRP).

In addition, the pending Ripple (XRP) ETF filing might also get regulatory approval, which would increase this coin’s long-term value.

With reduced legal barriers and the prospect of ETF approval, Ripple (XRP) is attracting the attention of more institutional investors. This is expected to further boost Ripple’s price and reputation (XRP) in the global market.

Conclusion

With various technical and fundamental supporting factors, Ripple (XRP) has everything it needs to reach its $3 price target this March. Despite some challenges, the long-term outlook for Ripple (XRP) remains bright, thanks to growing support from institutional investors and better legal clarity.

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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

• U.Today. XRP to $3 in March Still Possible, But There’s a Catch. Accessed on March 24, 2025
• Featured image: Bitcoin News