XRP Price Explodes as It Captures Market Attention, Will It Hit $3 in 2025?

XRP has once again captured market attention as its price pushed toward $2.17. This comes amidst broader market optimism

The price of XRP has risen by 0.8% in the past 24 hours, reaching $2.15 as of 08:45 (GMT+8) on Wednesday, August 9. This move follows a bullish crossover on the hourly chart, where the 50 SMA crossed above the 100 SMA. Volume has also seen a healthy uptick, reflecting increased buying interest. There are also reports that Ripple may be closing in on a final resolution with the SEC—a long-standing cloud that has suppressed XRP's momentum. That speculative hope is bringing in short-term bulls.

The XRP price saw an intraday gain of around 0.8%, hovering near $2.15. This move coincides with a bullish crossover seen on the hourly chart where the 50 SMA crossed above the 100 SMA. Volume has also seen a healthy uptick, reflecting increased buying interest. There are also reports that Ripple may be closing in on a final resolution with the SEC—a long-standing cloud that has suppressed XRP's momentum. That speculative hope is bringing in short-term bulls.

From a chart perspective, the daily candle has closed above the 20 SMA for three straight sessions, suggesting a trend reversal is forming. With the ADL climbing again, accumulation looks strong. If broader market sentiment holds and regulatory headlines go XRP's way, a recovery toward $3+ in 2025 is plausible.

The XRP hourly chart shows a strong cluster of support near $2.11–2.13, where the 100 SMA and 200 SMA are consolidating. The price bouncing off this level multiple times shows buyer interest is firm. On the daily chart, XRP just breached the 50 SMA and is now heading for the 100 SMA near $2.24. If it breaks this resistance, $2.50 could be next. The Accumulation/Distribution Line (ADL) is rising, suggesting buyers are gradually regaining control.

In the short term, XRP looks ready to test the $2.24–2.30 resistance zone. If it clears this with volume, expect a quick move to $2.50. However, if it faces rejection, the price could slide back to $2.05 support. The market is cautiously bullish—not euphoric yet, which is usually a good sign for steady gains.

With bullish momentum forming, XRP looks attractive for short-term traders aiming for the $2.50 range. Long-term holders may want to watch the Tariff closely. But overall, the charts are warming up, and XRP could be waking up from its multi-month slumber.

Open an Account: The first step is to create an account on Bitget. You can do so by clicking on the "Register" button in the top right corner of the Bitget website or app.

Complete KYC Verification: Once your account is created, you will need to verify your identity by completing KYC (Know Your Customer) verification. This is a legal requirement for most cryptocurrency exchanges.

Fund Your Account: To purchase XRP, you will need to fund your Bitget account. You can do so by clicking on the "Deposit" button in the top right corner of the Bitget website or app. Bitget supports various deposit methods, including bank transfer, credit card, and cryptocurrency.

Go to the Trading Section: Once your account is funded, you can go to the trading section of the Bitget website or app. In the search bar, type "XRP" to find the token.

Swap to XRP: Finally, you can use Bitget's simple interface to swap any supported cryptocurrency for XRP at the current market price with a single click.