Can XRP Go Back to $3? Looking at Ripple Price Analysis

XRP, the native cryptocurrency of the Ripple network, is once again at the center of bullish speculation. 

After months of consolidation, fresh on-chain signals and technical chart formations have reignited hopes for a major rebound—possibly pushing XRP toward the $2.70 level and even back to the psychological barrier of $3.

This resurgence is not without merit. With a spike in active addresses, bullish chart patterns, and a shifting regulatory landscape, the stage may be set for XRP to recapture former highs. 

This article dives into key market data, technical patterns, and future projections to analyze the potential for XRP’s return to $3.

Ripple Price and Market Context: What’s Driving the Bullish Momentum?

As of April 22, 2025, Ripple’s XRP is trading around $2.09, slightly down 1.6% in the last 24 hours. However, the bigger picture looks much brighter.

A surge in on-chain activity—specifically a 67.5% increase in active addresses, from 27,352 to 40,366—signals growing adoption and user engagement on the XRP Ledger.

This uptick is viewed by analysts as a direct response to increasing utility in Ripple’s payment ecosystem, especially across cross-border finance, where XRP continues to be a foundational asset.

Moreover, a daily trading volume of $2.45 billion supports the notion of renewed investor interest, providing sufficient liquidity to sustain large price swings in either direction.

Read also: Latest XRP Information: $1.4 Trillion Agreement, Unexpected Shift in Trump’s Stance

Technical Analysis: The $2.70 Setup

Crypto analyst Ali Martinez recently highlighted an inverse head and shoulders pattern on XRP’s price charts. This formation is widely recognized as a reversal signal, typically marking the end of a downtrend and the start of a new bullish cycle.

If validated, this pattern could catapult XRP to the $2.70 level—a key resistance zone. This is further supported by:

• Dark Defender’s analysis, which identifies resistance levels at $2.222 and $2.75, with support at $1.88 and $1.60.
  
   
• A rising Relative Strength Index (RSI) that indicates building bullish momentum.

Collectively, these signals suggest XRP is forming a consolidation wedge poised to break upward, potentially entering what technical traders would call a “fifth wave rally.”

Legal and Regulatory Winds Turning Favorable

The appointment of Paul Atkins as Chair of the U.S. Securities and Exchange Commission (SEC) could prove pivotal. Known as a pro-crypto advocate, Atkins is expected to foster a regulatory environment more supportive of digital assets like XRP.

Ripple’s long-running legal battle with the SEC has cast a shadow over XRP’s valuation since late 2020. A shift toward regulatory clarity under Atkins could:

• Reduce legal uncertainty for XRP holders.
  
   
• Pave the way for U.S.-based institutions to adopt Ripple’s technology.
  
   
• Trigger a wave of new listings and integrations across financial platforms.
   

This changing tide in regulation might not only lift XRP’s price in the short term but also strengthen its long-term fundamentals.

Read also: SEC News: Paul Atkins Confirmed as New Head During Uncertainties

Market Sentiment and Historical Reference Points

XRP is still trading well below its all-time high of $3.84 (recorded in January 2018). However, with the current fundamentals and market sentiment, a climb back to $3.00 is no longer a far-fetched dream.

Historical price cycles and Wyckoff Accumulation patterns also hint at a nearing markup phase, typically marked by rapid price gains.

Additionally, with broader crypto market sentiment improving and Bitcoin pushing new yearly highs, XRP tends to benefit from bull market spillovers, where altcoins follow the momentum of top assets.

Conclusion: Can XRP Really Go Back to $3?

Based on the current Ripple price analysis, technical setups, rising network activity, and improving regulatory conditions, the outlook for XRP has turned distinctly bullish. A near-term target of $2.70 seems plausible, and breaking that resistance could swiftly lead to a retest of the $3 threshold.

While volatility remains a constant in the crypto space, XRP appears to have all the ingredients for a breakout rally—especially if it continues to capitalize on macroeconomic shifts and technological innovations.

Read also: XRP Price Forecast for April 24

FAQ

1. Why is XRP gaining attention now?
XRP has seen a surge in active addresses and is forming bullish chart patterns, like the inverse head and shoulders. Coupled with a favorable regulatory shift in the U.S., investors are anticipating a potential price breakout.

2. What is the current Ripple price?
As of April 22, 2025, XRP is trading at approximately $2.09, with a 24-hour trading volume of $2.45 billion.

3. What’s the next major resistance level for XRP?
Technical analysts highlight resistance at $2.222 and $2.75, with the broader target set at $2.70. Surpassing these could open the path toward $3.00.

4. Is XRP a good long-term investment?
While XRP carries the same risks as other altcoins, it is backed by Ripple’s growing financial ecosystem and has renewed support from institutions and regulators, making it a strong contender for long-term growth.