XRP on the Brink of ATH: Just 4.9% From Uncharted Price Territory

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.