With XRP Surging to Record Levels, Is $4 the Next Target?

XRP extended its breakout rally this week, climbing 7.8% over a 24-hour window to reach $3.47 — its highest level this year and just shy of the $3.84 record set in 2018. The surge reflects accelerating whale accumulation, rising institutional interest, and growing optimism surrounding potential ETF approval.

The move began with a decisive breakout above the $3.40 resistance level, triggering a spike in leveraged positions and drawing in significant trading volume. More than 490 million XRP changed hands during the session — more than twice the average daily volume — as bulls established $3.42–$3.43 as a new support floor.

Key Performance Highlights

24-Hour Move: XRP advanced from $3.25 to $3.47 between July 17 (13:00 UTC) and July 18 (12:00 UTC), marking a 7.8% gain.
Intraday Peak: Price hit $3.64 before retreating slightly as traders took profits.
Volume Surge: Trading volume reached 490 million XRP, with a sharp 4.3 million unit spike at 11:43 UTC.
Support & Resistance: $3.42–$3.43 has been established as support; immediate resistance sits at $3.64, with further targets at $3.84 and $4.00.

What’s Fueling the Rally?

Momentum around XRP is being driven by a confluence of technical strength and market catalysts. Whale wallets accumulated over 2.2 billion XRP during the breakout, a strong signal of confidence among large holders. Speculation continues to build around the approval of an XRP-based exchange-traded fund, while institutions are increasingly incorporating the asset into strategic portfolios.

Grayscale’s recent inclusion of XRP in its Digital Large Cap Fund has also reinforced the asset’s standing among institutional investors. Additionally, XRP’s role in cross-border payment systems remains a fundamental driver of long-term utility.

XRP briefly surpassed BNB in 24-hour trading volume, reflecting its rising relevance in the broader crypto market.

Technical Analysis

XRP broke above key resistance at $3.40, with strong buying interest carrying the price toward $3.64 before consolidating. The RSI remains elevated but below overbought levels, and MACD continues to support upward momentum. Hourly charts show tight consolidation above $3.45 — a potential setup for continuation.

A breakout above $3.53 could signal the next leg higher, opening the path toward the $3.84 all-time high and possibly the psychologically significant $4.00 level.

What Traders Are Watching

Breakout Confirmation: Sustained move above $3.53
Support Stability: Holding above $3.42–$3.43 range
ETF News: Any regulatory developments or fund inflows
On-chain Activity: Continued whale accumulation and institutional flows

As XRP regains market share and strengthens its technical footing, all eyes remain on whether it can reclaim its previous record and set a new high in the short term.