XRP (XRP) has dropped nearly 30% since hitting a seven-year high of $3.39 in January. Still, bullish news—like Ripple’s potential resolution in the SEC lawsuit and a new license in Dubai—has fueled a rebound. As of March 24, XRP was trading for as high as $2.47, up 38% from its year-to-date low of $1.79. XRP/USD daily price chart. Source: TradingView How high can the XRP price go from here? Let’s examine. XRP parallel channel projects $2.77 target XRP is climbing within a rising parallel channel, showing signs of strength as it pushes toward a crucial resistance level. Key takeawas: XRP/USD