Apart from Bitcoin or Ethereum, the XRP price has managed to attract enormous attention with its gigantic movements since the beginning of 2025. The token managed to rise by more than 25% in the first few days of the year, making traders optimistic about the next price action. Meanwhile, the rebound was supported by limited volume; therefore, rising above the crucial resistance seemed like a tedious task. This suggests that the bulls have not entered the game yet as the price cannot recover from the past few days.
Have the bulls become weak? Will XRP Price Reach $3 This Month?
The latest price surge has made the token the third largest token after Bitcoin and Ethereum, with a market capitalization of over $138 billion. Although the price failed to breach the level, the bulls maintained it during the resistance. Therefore, there are plenty of opportunities for the token to trigger a nice rebound that could help the price rise above the bearish pattern.
XRP’s daily chart suggests that the bullish attack has started as price levels have risen above the decisive symmetrical pattern. However, the bullish flip has not yet been validated as the levels remain stuck at the resistance but below $2.5. Furthermore, the RSI shows the possibility of forming another lower high, indicating that more retracement could be approaching soon. However, the bull market support band (BMSB) shows a bullish crossover, indicating a reversal in the prevailing trend from bearish to bullish.
As mentioned earlier, volume remains the biggest problem as it is constantly decreasing. Moreover, it can also be seen as a huge volume squeeze due to the prevailing uncertainty due to external factors. Therefore, excessive pressure usually results in a massive explosion, which is expected to occur soon. Therefore, XRP price remains under the bullish influence, but after a few confirmations, a new bullish wave may begin, which will lift the levels above $2.5 in the next few days.
