After weathering years of legal turmoil and persistent FUD (fear, uncertainty and doubt), XRP has regained strong momentum, reclaiming its position as the 3rd-largest cryptocurrency and nearing its all-time high (ATH) of $3.40.
XRP Eyes Price Discovery Territory
According to market analyst Adex crypt, “XRP is eyeing a breakout into price discovery territory, something we haven’t seen since 2017. If it clears the all-time high, things could get very interesting.”
Having reclaimed the psychological price of $3, XRP might be gearing toward a price discovery phase, a scenario seen 8 years ago.
If this sees the light of day by breaching the ATH price of $3.40, Adex crypt believes XRP might soar to unprecedented heights.
Notably, XRP’s breakout is being fueled by a rare convergence of bullish technicals, rising futures ETF interest, and intensified whale activity.
For instance, on‑chain metrics confirm institutional interest with more than over 2.2 billion XRP worth a whopping $6.6 billion has been acquired by whale‑level wallets in the past fortnight.
Furthermore, open interest in XRP derivatives has swelled to approximately $9.25 billion, showing heightened market liquidity and activity.
If the $3 level holds and volume keeps rising, XRP could break past historical resistance, paving the way for a potential run toward $4, $5, or beyond.
Why XRP is Edging Closer to Its ATH of $3.40
Having overtaken Tether (USDT) to become the 3rd-largest cryptocurrency by market cap, XRP continues to witness explosive momentum.
Now trading at $3.24, it's just 4.9% shy of its all-time high of $3.40 set in January 2018.
Technical Breakout Nearing
XRP recently broke above the key psychological and technical threshold of $3, a breakout supported by tight consolidation between $2.85–$2.93, representing the strongest structure since May 2025.
Chart patterns, such as symmetrical triangles, higher lows, and Bollinger Band compression all signal increasing odds of a breakout toward $3.40–$3.50.
Institutional-Grade Catalysts
July 18 brings the ProShares XRP Futures ETF, generating strong anticipation. Large trading desks are actively accumulating ahead of its listing, and Canada’s XRP ETF has already drawn over $50 million in inflows.
Furthermore, a pending vote by the U.S. House on the GENIUS, CLARITY, and Anti‑CBDC bills is contributing to optimism around crypto legislation. A favorable outcome could also nudge the SEC to drop its appeal in the Ripple case.
The launch of Ripple’s stablecoin RLUSD and the company’s credible pursuit of a U.S. banking charter are also strengthening XRP’s real-world utility narrative.
Momentum from Bitcoin & Broader Crypto Market
Bitcoin recently hit an all‑time high above $120,000, fueling a broader crypto rally that has uplifted altcoins across the board, including XRP. As a result, XRP is currently scaling heights with a monthly surge of 46.1%.
Bullish Analyst Targets
Veteran chartist Peter Brandt has projected a 60% rally for XRP, targeting around $4.47, triggering further validation to its upside potential.
Short-term forecasts also point to immediate targets between $3.40–$3.60, with potential for $4.50 if current momentum sustains.
Conclusion
XRP’s break above $3 backed by robust technical patterns, significant ETF progress, whale accumulation, and regulatory breakthroughs strongly supports the thesis that it’s entering price discovery, bringing it perilously close to its ATH of $3.40.
If momentum holds, a rapid ascent through $4 and beyond seems increasingly plausible.
However, caution should not be thrown to the wind due to short-term retracements, especially in the 2.85 to $3 range.
