XRP has experienced an 8% increase, reaching $2.58, in a critical breakout that surpassed significant resistance levels near $3.00. This marks the cryptocurrency’s strongest rally since the market initiated its upward trajectory.
This upswing aligns with Bitcoin achieving new all-time highs above $118,400, while Ethereum crossed $3,000 for the first time in 2025, creating ideal conditions for XRP’s long-anticipated surge.
XRP Breakout Lays Foundation For a Favorable Rally
The breakout was recorded at 21:00 on July 10, as XRP surged from $2.50 to $2.56 on a staggering trading volume of 219.30 million, a figure reflecting a 168% rise over the 24-hour average of 81.85 million.
Support has now solidified at $2.53, with consolidation above $2.54 confirming the continuation of this upward trend.
This surge coincides with data indicating that whale wallets holding over 1 million XRP are now in possession of 47.32 billion tokens. Source: Santiment on X
Additionally, market sentiment regarding XRP has improved, particularly following Ripple’s RLUSD stablecoin surpassing $500 million in market capitalization earlier this week. Source: Artemis
Traders are beginning to factor in positive regulatory developments for Ripple in the United States and Asia-Pacific regions. This optimism is further bolstered by a rise in whale activity, encouraging renewed interest from institutional investors.
Experts suggest that if XRP can sustain prices above $2.34, it might set its sights on new all-time highs, with initial targets around $2.65 before possibly reaching the $4-$6 range.
Analysts further assert that XRP has the capacity to operate independently from broader altcoin trends, reacting variably to market movements based on its distinct fundamentals.
Historical Rally Patterns Signal Explosive Potential
XRP’s track record during bull markets indicates its potential for dramatic price movements, with past rallies yielding returns between 400% and 60,000%.
The spring rally of 2017 saw XRP rocket from $0.006 to $0.37, translating to a 60-fold increase in merely two months, followed by the stunning rally from $0.23 to $3.84 over the 2017-2018 period, culminating in a 16x return within weeks.
Overall, the rise from early 2017 to its peak represented an extraordinary 800-fold gain.
The rally from 2020 to 2021 nearly achieved a 10x return, climbing from $0.20 to $1.96, while the latest rally from Q4 2023-2024 saw XRP rising from $0.56 to $2.20, marking a 4x increase in just two months.
Current trading conditions for XRP in 2025 show it fluctuating between $1.80 and $3.29, approximately 40% lower than its all-time high of $3.84 reached in January 2018.
Historically, XRP has been recognized as one of the top performers during cryptocurrency bull markets, often followed by sharp corrections and prolonged consolidation periods.
Moreover, several applications for XRP ETFs remain pending with the SEC, hinting at additional positive signals for future growth.
Technical Analysis Confirms Bullish Breakout Structure
The breakout for XRP occurred as it surged above a descending wedge pattern at the $2.30 level, signaling bullish continuation confirmed by the substantial volume of 219.30 million during the breakout.
This technical framework sets fresh support at $2.53, with validation above $2.54 reinforcing the ongoing uptrend towards the $2.70-$2.90 resistance ranges.
Weekly chart analysis suggests XRP is breaking free from a significant, multi-year consolidation phase that has persisted since the 2018 peak near $3.30.
Ascending triangular formations established across multiple cycles indicate higher lows at progressively elevated levels, with Fibonacci extension targets suggesting a key objective of $9.631.
Additionally, Elliot Wave analysis indicates that XRP has completed a complex WXY correction and is now entering a new five-wave impulse sequence.
This current structure implies that wave 1 concluded around recent highs, with XRP presently undergoing a wave 2 corrective pullback before transitioning into a more powerful wave 3 phase.
A target of $3.80 implies roughly 50% upside potential, coinciding with surpassing the previous high of the 2018 cycle.
Key support lies at $1.80, with analysis signaling invalidation beneath this level; however, momentum currently favors continued price appreciation.
Given the technical patterns and historical rally benchmarks, XRP appears set for sustained growth, initially targeting $3.80, with the possibility of an extension into the $4-$6 range should institutional adoption gather pace.
Projections toward $9.631 remain attainable if XRP sustains its current momentum and successfully maintains established breakout levels.
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