Coming into March with a fresh monthly high of $2.94, Rippleโs (XRP) gains were quickly washed away on March 3, 2025, when the U.S. cross-border tariffs started to kick in. However, a successful break above $2.40 after two days of consolidation has put the third largest cryptoโs price back on track to retest the long-term goal of $3.
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This weekโs 15.5% rebound rally for Rippleโs (XRP) price is mostly driven by a stupendous hike in XRP network activity. Growing from 74,589 to 462,650 in 7 days, the renaissance in network activity directly correlates to XRPโs ability to hold the $2.40 support level, which consecutively served as catalyst for bounce back rallies in January and February, 2025.
Naturally, some of this enthusiasm came after Donald Trump announced Rippleโs (XRP) addition to the Strategic Reserve, involving a handful of other competing altcoins. Another key reason for XRP price rally to $2.40 today is the likelihood of U.S. Securities and Exchange Commission (SEC) dismissing the Ripple vs. SEC case appeal in the coming weeks.
XRP Price To Break Resistance Against Ethereum?
Currently at a market cap of $145,082,325,938, Ripple (XRP) still weighs twice as less as the largest alternative crypto currency Ethereum (ETH). However, the $268.2 billion rocking Ether (ETH) is challenged in relevancy by XRP due to the price correlation between XRP and ETH nearing 0.0012, a critical point that has given an impulse to a 160% rally back in 2018.
As of press time, the OG altcoin Ripple (XRP) is priced at $2.50, picking up 2.2% gains over the past 24 hours. Despite a slight upward momentum on Wednesday, the high-profile altcoin could face higher price swings in the upcoming days, according to the widening Bollinger Bands on the one-day XRP price charts.
On The Flipside
- Aside from the technicalities, the chances of XRP price restoring the $3 market value highly depends on the quickly-shifting regulatory landscape, majorly affecting the altcoinโs adoption.
- This time, the crypto community is waiting for the outcome of an inaugural White House Crypto Summit meeting on Friday, where Rippleโs (XRP) CEO Brad Garlinghouse is set to participate.
Why This Matters
Rippleโs network is one of the first critically-acclaimed blockchains due to cost-effectiveness in transactions, connecting over 300 financial institutions and banks throughout the XRP network.
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