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Key Takeaways:
- XRP breaks all-time high at $3.65 after a 40% weekly surge.
- $3 remains a critical level for potential support in the ongoing rally.
- $5+ targets possible if momentum holds and broader market sentiment stays bullish.
XRP has officially broken its previous all-time high of $3.40, soaring to $3.65 in a move that has reignited bullish sentiment across the crypto market. The cryptocurrency surged over 40% in just a week, with the rally gaining traction after a breakout from a months-long symmetrical triangle pattern.
The breakout began around July 9 and has since gathered significant momentum, pushing XRP past the psychologically critical $3 barrier. Now, traders and analysts are watching closely to see if this bullish trajectory continues.
$3 Level Was a Crucial Barrier for XRP
Crypto analyst Lark Davis emphasized the importance of the $3 price level, describing it as a historic point of resistance and support throughout early 2025. XRP had previously tested this level in both January and March—failing to sustain a breakout each time. This week’s decisive move above $3 marks a potential shift in market structure.
With $3 now in the rearview mirror, many traders see the breakout as confirmation of a larger bullish trend. Technical projections suggest that XRP may be targeting $4.10 or even $4.50, based on the height of the triangle pattern it just escaped.
Retest of $3 Could Be Critical
Despite the breakout, the $3 mark remains a crucial level to watch. Analysts say the coming days will determine whether XRP can confirm this level as new support. A successful retest could pave the way for further gains, while failure to hold above $3 could result in a temporary pullback.
In that scenario, XRP may consolidate in the $2.60 to $3.00 range before attempting another breakout.
Can XRP Reach $5—or Even $10?
Traders remain optimistic about XRP’s longer-term potential. A Fibonacci extension model puts the next major target at $4.68, with a broader bullish scenario suggesting a $5 milestone if Bitcoin continues toward its projected $150K high.
Also Read: Ripple Pays SEC $125M in Cash — Not XRP — as Lawsuit Drags On, XRP Hits $3.27
Options market data also supports the bullish case, showing nearly a 20% probability that XRP could hit $4.50 by September. Some analysts, including Davis, speculate that XRP could even reach $7 if Bitcoin climbs to $200K—though they caution that a $10 target would require extraordinary momentum and a market cap nearing $590 billion.
XRP’s breakout past its all-time high of $3.40 to $3.65 has ignited hopes of a major bull run. With the $3 level now flipped to potential support, all eyes are on the retest and upcoming resistance levels at $4.10 and beyond.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
