XRP Surge Shakes Market as Crypto Hits $3 Milestone

XRP has taken the crypto industry by storm yet again, making headlines with a powerful rally that pushed its value to an impressive $3 — a peak it hasn’t seen for several months. This fresh upswing comes as the market outlook continues improving, reigniting optimism among investors and traders alike.

Since July 8, XRP has been on a notable upward trend, posting six consecutive days of gains. The momentum shows no sign of slowing down, as today’s trading session continues to build on the bullish sentiment that’s gripped the broader crypto space. As a result, XRP has now matched a significant resistance point last breached in February 2025. This move also follows a general surge across the cryptocurrency market, with Bitcoin exceeding $123,000.

Technical analysts attribute XRP’s surge to the sustained bullish momentum building up over the past week. Notably, veteran trader Peter Brandt highlighted a major structural formation known as a compound fulcrum in XRP’s trading charts. This technical pattern emerged following a failed breakout in April and appears to have laid the groundwork for the latest price spike.

Adding fuel to the rally is the emergence of significant whale activity on-chain. One standout transaction captured market attention — a hefty transfer of 167,694,497 XRP worth about $497 million between two unidentified wallets. Such substantial movement has sparked widespread speculation about whether institutional investment is returning en masse or if major stakeholders are positioning themselves ahead of even greater gains.

According to real-time market data, XRP is currently trading at around $3.01, marking a 6.41% increase over the past 24 hours and a 30% weekly gain. This latest rise has made XRP the third-largest cryptocurrency by market capitalization, surpassing Tether (USDT) with a valuation exceeding $178 billion. In total, the token has climbed an impressive 33% since the beginning of July.

There are several recent developments backing XRP’s growing strength and investor confidence. Market observers noted that a major player in the fintech sector, Mercurity Fintech, recently filed a Form K-6 with the U.S. Securities and Exchange Commission. The filing outlines plans to launch a $500 million decentralized finance (DeFi) basket treasury containing digital assets such as Solana, Ethereum, Cardano, Binance Coin, and prominently, XRP.

This institutional support doesn’t stop there. 3iQ Digital Asset Management, Canada’s leading digital asset investment firm, announced that its XRP exchange-traded fund has surpassed $50 million in total managed assets. Since its inception on June 18, the fund has attracted increased inflows, marking a significant step for mainstream adoption and exposure to XRP in regulated markets.

Looking ahead, market watchers are setting their sights higher as confidence in XRP builds. Analysts currently eye $3.40 as the next significant resistance level, followed by projections targeting $4 and even $4.40 based on chart patterns and growing demand.

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

With strong technical momentum, institutional engagement, and expanding utility across the financial landscape, XRP continues to stand out as one of the most closely watched assets in the current crypto cycle. As the trend develops, all eyes remain on whether XRP can sustain this breakout and push toward new highs in the coming weeks.