XRP's $3 Target Faces Uphill Battle Amid Underwater Holder Resistance

XRP needs a significant price increase to reach its target of $3 by year-end. Currently trading at $1.53, XRP must gain around 96% in just over three months to hit this goal.

This would require an influx of new buyers adding roughly $92 billion in value, surpassing the current market cap of approximately $96.6 billion.

However, a major obstacle stands between XRP and its target: underwater holders who bought above $1.53 will likely sell as prices recover, creating significant resistance before XRP can reach $3.

In November 2024, XRP achieved a similar gain of nearly 370% in just one month, but this was driven by favorable regulatory changes in the U.S. The current climb has been more gradual and would need to continue at an accelerated pace to reach $3.