Ripple’s cryptocurrency XRP was hit with several trials over the past couple of years. From surviving a pandemic to facing the wrath of the law enforcement, the market has seen it all. While most assets were pocketing gains, XRP was sitting on the sidelines. But times are changing as the altcoin broke its seven-year curse and hit a high of $3.39 in January 2025. Throughout the past year, the asset has grown by 250%. While the current market conditions have pulled XRP down, the community is hoping to record a bullish March.
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XRP’s Daily Price Chart
Similar to the rest of the market, the price of XRP recorded a massive fall. At the time of writing, the asset was trading at a low of $2.04. This came after the altcoin dropped by 8.37% throughout the past 24 hours.
Along with its price, the cryptocurrency’s network activity took a huge hit. Ali Martinez, a prominent analyst revealed that the number of active addresses on the XRP network has decreased by 50%. It went from 202,250 in December to just 101,169 recently. This certainly is a bad sign for the price of the altcoin. But the cryptocurrency market has proven to recover rather quickly.
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Can The Altcoin Move Towards $3?
According to data from CoinCodex, Ripple’s XRP will sadly trade around the same level during the coming few days. The firm revealed that the asset will be priced at $2.06 on March 5. This marks a dainty rise of 0.09% from its current price level. However, it should be noted that this is only the beginning of a long month ahead. Therefore, the altcoin could witness a rise during the rest of March 2025.
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