Finance

XRP Price Hits $2.50 – Is a $3 Breakthrough Just Around the Corner?

2025-03-20

Author: Jacques

XRP has officially broken free from the rest of the altcoin market, experiencing a remarkable surge of 14% that has pushed its price past the critical $2.50 resistance level.

This impressive price movement aligns with significant growth in the XRP Ledger's active addresses, signifying a rising acceptance and utility of the digital asset. Recent data indicates that major holders of XRP have been actively accumulating more tokens, with the top wallets increasing their holdings by 6.5%, now totaling 46.4 billion XRP in just two months.

Investor confidence is markedly high, fueling demand and contributing to XRP's price ascension. For a period of twelve days, the $2.50 resistance proved challenging to breach, with price fluctuations between $2.40 and $2.45 resulting in unsuccessful attempts. However, a decisive breakthrough occurred when XRP closed above $2.50, marking the end of a tightening range and signaling the potential for even more upward momentum.

Market analysts predict that this strong rally could propel XRP towards the $3.00 resistance level, setting it apart from the broader altcoin market trends. As XRP's price continues to climb, the surge in active addresses on the network is noteworthy; in March 2025, the number of active addresses skyrocketed to 70,000, a six-fold increase compared to earlier levels of 10,000 to 12,000 seen at the beginning of the year.

This growth trajectory mirrors XRP's price evolution, which saw its value increase from $0.60 in early 2024 to reach $2.50 by March 2025. Historically, spikes in active addresses have preceded significant price movements, underscoring the connection between network activity and market value.

One pivotal factor contributing to XRP's current trajectory is the recent legal victory when the SEC dropped its appeal against Ripple's classification of XRP. Initially, the SEC filed a lawsuit back in December 2020, alleging that XRP was an unregistered security. With the dismissal of this appeal and the ruling from July 2023 classifying XRP as a non-security in secondary trading, Ripple has successfully navigated a major regulatory challenge.

The resolution of these legal issues has not only improved market sentiment but has also attracted a wave of new retail and institutional investors to XRP. As large traditional investors continue to show interest, the confidence surrounding XRP's future prospects has only strengthened.

With these legal uncertainties behind it, Ripple is now poised to forge crucial business alliances in the realm of cross-border payments, solidifying its industry presence. The path forward looks promising, as XRP continues to exhibit resilience and independence from the movements of the altcoin market. Will XRP’s next destination be the coveted $3 mark? Only time will tell!