XRP's $3 Target Faces Significant Hurdles

XRP's price needs to increase by 96% from its current price of $1.53 to reach the target of $3 by the end of 2026.

This is a significant challenge, especially considering that XRP has already surged by 370% in a single month back in 2024, and currently faces billions of dollars in selling pressure sitting just above today's price.

The company behind XRP, Ripple, holds billions of tokens in escrow, which are slowly released, increasing the supply of XRP. To reach $3, buyers will need to add roughly $92 billion in value, and each part of this rise depends solely on new investors buying in.