XRP price needs to stabilize above the $2.50 level for a continued move toward $3 and potentially higher levels.
XRP (XRP) has dropped nearly 30% since hitting a seven-year high of $3.39 in January.
Still, bullish news—like Ripple’s potential resolution in the SEC lawsuit and a new license in Dubai—has fueled a rebound. As of March 24, XRP was trading for as high as $2.47, up 38% from its year-to-date low of $1.79.
XRP/USD daily price chart. Source: TradingView
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