Is XRP About to Go to the Moon or Just Take a Nap? 🚀😴
So, Ripple (XRP) just decided to throw a party and jump to a monthly high, all thanks to President Trump’s announcement that this little altcoin is now part of the country’s crypto strategic reserve. 🎉 Who knew crypto could be so… presidential? Now, traders are biting their nails, wondering if this bullish news will keep the party going or if we’re about to see a dramatic plot twist. Is the XRP price prediction for March 3 a happy ending or a tragicomedy?
Right now, XRP is strutting its stuff at $2.58 after a jaw-dropping 15% gain in just 24 hours. It’s like the popular kid in school, flipping Tether (USDT) off the throne to become the third-largest crypto. Talk about a glow-up! 💅
XRP Price Prediction for March 3 – Reversal or More Upside?
With all this buzz, XRP is likely ready to keep climbing today. Traders are still buzzing over the news of Ripple’s VIP status in the US crypto strategic reserve. Apparently, the odds of XRP becoming a national treasure have shot up by more than 20% on Polymarket. Who knew crypto could be so dramatic? 🎭
And guess what? Ripple’s CEO, Brad Garlinghouse, is making a cameo at the White House Crypto Summit later this week. With all this hype, XRP might just keep its gains today, and who knows, it could even break past $3 as traders rush to get in on the action before the big reveal. 🏃♂️💨
The derivatives market is also throwing its weight behind this bullish theory. Data from Coinglass shows that in the last 24 hours, XRP had the third-highest amount of short liquidations after Bitcoin and Ethereum. We’re talking $45M in short liquidations—the highest in six months! It’s like a soap opera, but with more money and fewer dramatic pauses. 💸
If these short liquidations keep rolling in, XRP’s chances of hitting $3 today are looking pretty good. Fingers crossed! 🤞
Can Ripple Price Reach an ATH Today?
According to analyst Carl Moon (who sounds like he should be a character in a rom-com), XRP is on a bullish trajectory. He’s noted that Ripple has broken the upper resistance line of the descending triangle pattern. Translation: the bears are out, and the bulls are in charge! 🐂
If XRP keeps this momentum, it could see a rise of over 47% to a target price of $3.80. If buyers keep chasing profits like it’s the last slice of pizza, XRP could hit that price today. And let’s be real, it’s only 30% away from its record highs. Talk about a comeback! 🍕
Key Levels to Watch
XRP, like many US altcoins, has made a strong comeback, bouncing from the $2.15 support level to flip the crucial $2.58 resistance, all while aligning with the 50% Fibonacci level. It’s like a math problem, but with more excitement! 📈
One key level to keep an eye on is the 50-day SMA of $2.72. XRP needs to regain above this level for further upside. If it closes above the 50-day SMA, we could see some serious bullish momentum, with $3.40 and $4.40 being the next big targets. 🎯
As the first crypto summit approaches, traders should brace themselves for more upside from XRP today and throughout the week. But let’s not forget, Bitcoin’s price action is the real drama queen here. If BTC shows any signs of weakness, it could throw a wrench in XRP’s recovery plans. Stay tuned! 📺
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2025-03-03 13:35