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XRP's price is not looking as bad as the rest of the market, following a quick rebound toward $2.50 after plunging into sub-$2 territory. Luckily for us, a major portion of the crypto community also believes in the asset's bullish future and voted for a surge to $3, as a <a href="https://x.com/santimentfeed/status/1897535848435884538" rel="noopener noreferrer nofollow">Santiment</a> survey shows.
This hope is fueled by the asset's past results as well as the possibility of fresh market momentum. Following a robust recovery from its recent lows, the price of <a href="https://u.today/saylor-suddenly-changes-tune-on-xrp-bollinger-bands-signal-bearish-turn-for-bitcoin-20000000-shib" rel="noopener noreferrer nofollow">XRP</a> has been consolidating. As a floor during past corrections, the digital asset is currently holding above $2.30 a crucial support level. The resistance at $2.70 and eventually the $3.00 mark, which has proven to be a difficult barrier, continues to be the largest obstacles. According to the chart, XRP is making an effort to rise, but the 50-day EMA is serving as immediate resistance. <img src="https://u.today/sites/default/files/inline-images/image_1857.png" data-entity-uuid="ea92fe1d-cce8-4ba0-9d4d-9f3ab28c0f91" data-entity-type="file" alt="XRPUSDT" data-caption="<a href=&quot;https://www.tradingview.com/&quot;>XRP/USDT Chart by TradingView</a>">
A strong bullish indication would be a successful close above $2.70, which might open the door for another attempt at $3.00. A wider uptrend that involves the $3.20-$3.50 range may be triggered if <a href="https://u.today/stellar-xlm-up-9-in-hours-will-it-outpace-xrp" rel="noopener noreferrer nofollow">XRP</a> can maintain momentum past this level. The optimism of investors is demonstrated by the fact that 25% of users in Santiment's survey still think a $3.00 breakout is possible.
It will take strong buying pressure and favorable market conditions to break above this level, though. XRP may gain from a resurgence of interest if Bitcoin and the larger cryptocurrency market continue to exhibit strength. On the downside, a more severe retracement toward $2.00 or even $1.85 might occur if <a href="https://u.today/ripple-cto-ends-speculation-on-xrp-supply-details" rel="noopener noreferrer nofollow">XRP</a> is unable to maintain above $2.30.
This would suggest that any prospective move toward $3.00 is being postponed as the bullish momentum is waning. XRP is still in a crucial consolidation phase, and $3.00 acts as both a technical and psychological barrier. To confirm this bullish sentiment, the asset must make a significant push above $2.70, even though 25% of traders are still hopeful about a breakout. To find out if XRP can finally hold back this long-awaited price level, traders should keep an eye out for volume spikes and general market trends. <a href="https://u.today/can-xrp-reach-300-santiment-poll-suggests-so" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Can XRP Reach $3.00? Santiment Poll Suggests So

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