XRP continued its upward trajectory this week, gaining 7.8% in a single session to reach $3.47 — its highest level this year and now within striking distance of its 2018 all-time high of $3.84. The surge was driven by a combination of technical strength, rising institutional interest, and renewed speculation around a potential XRP-based ETF.
The breakout, which began with a sharp move above the $3.40 resistance level, triggered a wave of buying activity, pushing intraday highs to $3.64 before consolidating near $3.47. Whale wallets accumulated over 2.2 billion XRP during the rally, underscoring confidence from large holders. Volume soared to 490 million units — more than double the token’s daily average — with heightened activity observed around 21:00 UTC and a late-session spike of 4.3 million XRP at 11:43 UTC.
Technical Highlights
- 24-Hour Price Range: $3.25 to $3.64, with a closing price of $3.47
- Support Zone: Buyers have established $3.42–$3.43 as strong near-term support
- Resistance Levels: Immediate resistance lies at $3.64, with next targets at $3.84 and $4.00
- Momentum Indicators: RSI remains elevated but below overbought territory; MACD signals continued upside
Drivers Behind the Rally
XRP’s bullish move is being fueled by growing market confidence in its institutional adoption. Grayscale’s recent inclusion of XRP in its Digital Large Cap Fund has added credibility to the asset’s investment narrative, while its ongoing role in cross-border payments continues to highlight real-world utility.
Speculation around an XRP spot ETF is also gaining steam. Traders are increasingly positioning around the possibility of inflows from regulated funds, which could further legitimize XRP as an institutional-grade asset. This optimism, combined with robust on-chain activity, has helped XRP briefly overtake BNB in 24-hour trading volume — a signal of renewed relevance in the top-tier crypto landscape.
Market Outlook
Technically, XRP’s breakout above the $3.40 level suggests bullish control, with consolidation above $3.45 setting the stage for another leg up. A sustained move through $3.53 could trigger a run toward its previous all-time high of $3.84 — and potentially beyond to $4.00, a key psychological level.
Traders are closely watching:
- A breakout above $3.53 as a short-term trigger
- Whether $3.42–$3.43 support holds under consolidation
- Further whale accumulation and ETF-related headlines
- Volume continuation to confirm trend strength
With strong technicals, deepening institutional support, and renewed speculative energy, XRP appears poised to challenge — and possibly surpass — its long-standing price record in the sessions ahead.
