Donald Trump’s immediate global tariffs reversal lifted the sentiment across the general crypto markets, with Bitcoin (BTC) rebounding 10% to erase the April 6, 2025 pullback. And so, XRP bulls have successfully restored the $2 support line, but the current market unpredictability begs the question if XRP’s bounce back rally has any substance.
As Ripple (XRP) is also one of the few selected altcoins to be included in the United States Strategic Reserve, the quickly shifting geopolitical scene impacts XRP’s price more than ever. While institutional adoption of the XRP Ledger chain is at record levels, the institutional-grade adoption is likely to expand even further amid SWIFT testing XRP transactions.
Are XRP Bulls All Set For $3?
Ripple (XRP) believers, otherwise known as XRP bulls, are drawing attention to $2.20 price territory for those awaiting confirmation of a bull run. If that level holds, XRP bulls see a swift move to the $2.50 target, a price level unclaimed since March 20, 2025. For this to be the case, several on-chain XRP metrics should swiftly flip green.
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Bollinger Bars, an alternative financial instrument to the popular Bollinger Bands (BOLL), offer an in-depth insight into the XRP trading price range, as the blue color in the bars stands for wicks on both sides. Combined with the popular Bollinger Bands, these XRP price charts deliver a deeper look into the price fluctuation patterns and trading range.
To hit the desired $3 price mark, Ripple (XRP) would need to break the red-label Bollinger Band above $2.08. Then, a major demand zone at $2.50 is found as the next target, normally accompanied by a large trading volume due to crypto whales coming back into the market for favorable entry points.
On The Flipside
- In a recent crypto market prediction by Standard Chartered, the bank’s Global Head Of Research Geoff Kendrick chose XRP as one of the big winners in the next bull cycle.
- Mr. Kendrick’s statement implies that XRP Ledger is going to flip Ethereum (ETH) by market capitalization, all while soaring by more than 500% to $12.50 by the end of 2028.
Why This Matters
While XRP Ledger blockchain positions itself as a star player in institutional adoption, the global economy has lately been impacted by a slew of unforeseen events, including the breaking news of Donald Trump’s 90-day relief on global tariffs for everyone except China.
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