Highlight of the story: XRP has surged 12% in the last 24 hours, trading near $2.96 and testing the $3 resistance level. Fuelled by institutional demand and increased trading activity, XRP's market cap has reclaimed the #3 spot. Analysts suggest breaking $3 could lead to targets of $3.84 or even $10 by year-end, driven by political support, regulatory clarity, and ETF speculation.
XRP has surged 12% in the last 24 hours, outperforming leading cryptocurrencies like Bitcoin and Ethereum. Now trading close to $2.96 (as of July 14, 2025), XRP is testing the critical $3 resistance level, a price it hasn’t consistently held since its all-time high in early 2018.This rally has lifted XRP’s market capitalization to nearly $164 billion, reclaiming the #3 spot among cryptocurrencies and overtaking Tether (USDT). Analysts say this rise isn’t sudden—it’s fueled by growing institutional demand, increasing trading activity, and optimism across the broader crypto space.What’s Driving the XRP Surge?
Price performance: Up 12% in a day and nearly 27% for the week.Trading activity: Volume has more than doubled, with 176 million XRP traded per hour.Open interest: XRP derivatives show $7.2 billion in open interest, approaching the six-month high of $8.3 billion.Institutional interest: Investors appear to be heavily backing XRP as Bitcoin trades above $118,000.Market Signals: Derivatives Point to Bullish Outlook
Futures and leveraged positions indicate strong short-term conviction:Funding rates are slightly positive, suggesting a healthy balance between buyers and sellers.High leverage shows risk appetite is increasing, often a sign of further price movement ahead.Could XRP Hit $3.84 Again—or Even $10?
The token’s 2018 peak of $3.84 remains a major benchmark. With the current momentum, breaking the $3 barrier could open the door to:Short-term targets: $3.38 and $3.84Medium-term projections: Technical models (like bullish pennants and Elliott Wave Theory) suggest prices could rise to $6.27 initially, with further potential up to $10–$15 by end of 2025.To hit $10, XRP would need to gain 233%, giving it a market cap near $559 billion—a level considered achievable if crypto market leaders like Bitcoin and Ethereum also rally.Key Drivers Behind the Rally
Political support: Prominent figures, including former President Trump, have voiced strong support for crypto.Regulatory clarity: Ripple is gaining legal ground, which boosts investor confidence.Global utility: XRP is increasingly used in international settlements, especially in Asia and the Middle East.ETF speculation: With successful Bitcoin ETFs, attention is now turning to a possible XRP ETF.Tether uncertainty: As scrutiny on USDT grows, Ripple's stablecoin ambitions may attract institutional interest.Technical Analysis: Breakout Pattern Forming
XRP is forming a bullish pennant, typically a continuation signal for upward moves.Wave count models suggest the token is entering Wave 5, a bullish phase that could drive price to $8.97–$15.Support range: $2.55–$2.60 could provide a strong base if a minor correction occurs.Resistance levels: $3.00 and $3.3850 remain key short-term hurdles.Risks to Monitor
Resistance at $3: Historically, XRP has struggled to hold this level.Overheated leverage: Excessive speculation may lead to a sharp pullback.Regulatory changes: Any shift in the legal landscape could impact momentum.Outlook: Is XRP Ready to Break Out?
With volume spiking and bullish sentiment climbing, XRP appears primed for a major breakout. If it clears the $3 resistance convincingly, analysts believe it could begin a new phase of growth—potentially reaching $6, $10, or even $15 within the next several months.