XRP Nears Record High: Can Ripple Finally Break Through?

XRP, the native cryptocurrency of Ripple, is once again capturing the spotlight as it edges closer to its all-time high. With the entire crypto market riding a bullish wave, XRP’s recent momentum signals a potential turning point this July.

The resurgence began as Bitcoin shattered long-standing resistance, rallying to an unprecedented peak above $123,000. This movement revitalized the broader market, and XRP emerged as one of the standout performers. As Ripple’s token crossed the $3 threshold and surged toward its 2018 record of $3.40, investors are wondering whether this time XRP could finally push past that ceiling.

Momentum Behind XRP’s Rise

XRP’s latest surge didn’t happen in isolation. Just weeks earlier, during a tense geopolitical moment involving the Israel-Iran conflict, the asset dropped below $2—a support level it has tested before. Shortly after, however, XRP bounced back into a $2.2 to $2.3 trading range, where it stayed for several weeks. Despite several market watchers issuing bullish projections, not much movement occurred—until Bitcoin’s breakout catalyzed the next stage of the rally.

Fueled by improving sentiment, XRP didn’t just follow Bitcoin’s lead—it outpaced it. While Bitcoin gained roughly 6.7% over the past week, XRP jumped an astonishing 33%, climbing to $3.25—a mere 4.5% short of its all-time high from January 2018. Since late June, the asset has recorded more than 70% returns.

Is a New All-Time High in Sight?

This isn’t the first time XRP has approached record levels. Earlier in January 2025, it nearly equaled its long-standing high, reaching $3.4 before being rejected. This event highlighted a significant resistance level that has endured for over seven years, raising doubts about XRP’s ability to clear it without serious momentum.

To assess whether this July feels any different, insights were gathered through ChatGPT, which provided a balanced view of XRP’s current outlook. While it acknowledged the proximity to the psychological barrier, it emphasized that surpassing $3.4 is still a challenge.

“XRP was rejected there in January, indicating it’s a sticky level,” the AI noted.

Yet, the technical indicators suggest room for optimism. XRP’s Relative Strength Index (RSI) remains below the 70 mark, indicating the token hasn’t yet entered overbought territory. This leaves space for further gains before traders may begin taking profits or momentum slows.

Beyond the charts, several external catalysts are working in XRP’s favor. Regulatory advances like the potential approval of a spot ETF, as well as narratives surrounding the ISO 20022 integration, are bullish fundamentals that could help XRP attract broader institutional interest.

If the token does manage to pierce through the $3.40 ceiling, analysts believe that the next major target could be around $4.80—a level that would not only be a new high but also confirm XRP’s role as a top contender in the digital asset space.

As always, technical resistance levels work both as barriers and psychological magnets. While January’s attempt to crack through was ultimately unsuccessful, sentiment appears more favorable this time around, buoyed by a broader bull market and increasingly supportive fundamentals.

Related: XRP Price: $12M Max Pain for Bears

Only time will tell whether Ripple’s cross-border asset can sustain this momentum and deliver the breakout XRP holders have been longing for. But one thing is certain—the spotlight is once again on Ripple as July shapes up to be a make-or-break month.