XRP Price Today Is Up Nearly 3% After Bitcoin (BTC) Shot Up to $99K

The price of XRP is up almost 3% today as Bitcoin (BTC) shot up to $99K. As the key cryptocurrency edges closer to the $100,000 psychological level, the crypto market is visibly bullish. With this optimistic outlook in mind, let’s discuss when the XRP token can revisit $3.

Bitcoin price has been on a sustained rally since April 21 and has increased nearly 17% since then. This uptick has seen BTC move from $85,139 to $99,374. The sudden rise might help the ongoing consolidation the XRP price is stuck in, potentially pushing it to new highs. Technical analysis highlights a few key hurdles that need to be overcome to increase the chances of the XRP token hitting $3.

XRP Price Analysis: A Deep Dive

The daily chart shows the XRP price has been stuck trading inside the $2.06 to $2.60 range for more than three months. This area is where 70% of the volume was traded since this consolidation began in December 2024. The result of this sideways movement is the formation of lower highs, which can be connected to show the persistent loss of buying pressure.

As it stands now, XRP is trading at $2.184, testing the lower trend line connecting the swing highs formed since March 25. Overcoming this hurdle will put the token face-to-face with a high volume node (HVN) at $2.41, which is the most critical resistance level that buyers need to clear. This is where the highest volume was transacted in the past three months. Interestingly, this level also coincides with the lower trendline formed since January 20.

If these two key hurdles are overcome, there is free sailing for the XRP price until it hits the next HVN at $3.11.

Will Ripple (XRP) Rise to the Occasion?

The crypto market outlook, as noted above, is bullish due to Bitcoin’s ascent to $100k. Altcoins that remained rangebound will have the opportunity to blast higher as investors’ confidence grows and the profits from BTC rotate to altcoins like XRP, Ethereum (ETH), Solana (SOL), and so on.

Additionally, CoinGlass data shows that the OI weighted funding rate remains low at 0.00103%, which indicates that the bullish trade is not crowded, hinting at upside potential.

A similar observation can be made with the open interest for XRP, which has more or less remained flat since 2025, around $3.0 billion to $3.6 billion. This indicates a lack of leverage and indicates high potential for an upside move.

On the contrary, if the XRP price loses the $2.06 support level, it could lead to a steep correction into the low volume zone, extending from $1.87 to $1.56.