XRP News Today: XRP Price Surges 67% on SEC Settlement, ETF Launch Eyes $4.20 Target

XRP’s price surge past its $3.66 multimonth high has ignited speculation about its potential trajectory, with technical indicators and analysts offering a spectrum of projections. The cryptocurrency’s recent breakout from a symmetrical triangle pattern—a common technical analysis formation—has drawn attention to key resistance levels and volume dynamics [1]. Sustained momentum above critical thresholds could propel XRP toward $4.20 in the near term, while more aggressive scenarios suggest targets as high as $5–$10 [2].

The rally has been fueled by a confluence of factors, including Ripple’s $50 million SEC settlement, which clarified XRP’s status as a non-security, and the launch of the ProShares Ultra XRP ETF. These developments have pushed XRP’s market cap beyond $210 billion, solidifying its position as the third-largest cryptocurrency by market value [1]. A bull pennant pattern on the 4-hour chart further reinforces the bullish bias, with a potential breakout above $3.45 potentially extending gains to $4.20 [3].

Technical analysis highlights the importance of maintaining levels above $3, a critical support that has historically acted as a pivotal reference point. A successful hold above this level could validate a directional bias toward a new all-time high near $4.10, while a breakdown would likely trigger a retracement [4]. The relative strength index (RSI) remains in neutral territory near 50, leaving room for further gains without triggering overbought signals. Meanwhile, the 50-day exponential moving average (EMA) continues to provide a bullish backdrop [3].

Analyst Milkybull Crypto has identified a similar pennant structure on the weekly chart, projecting a 1.618 Fibonacci extension target at $5.32, with upper scenarios reaching $8 [5]. This aligns with broader sentiment from the crypto market, which has seen $36 million in inflows and a 4% price surge over the past week [6]. However, optimism is tempered by cautious indicators such as the XRP Dominance Index (XRP.D), which remains below 5.50%—a level that has historically capped gains for over 2,200 days. Analyst Dom suggests that a breakout above this threshold could signal a doubling of XRP’s price, potentially pushing it toward $7–$10 [7].

Longer-term projections hinge on Ripple’s institutional adoption and regulatory developments. A 2025 price target of $5.81 has been cited, contingent on continued market confidence and favorable U.S. legislative outcomes [8]. Institutional demand, coupled with ETF-driven rallies, has already driven XRP to a 67% surge in less than two weeks [1]. However, volatility remains a risk, as evidenced by $2.81 billion in selling pressure observed prior to the recent breakout [9].

While the immediate focus remains on $3.56 and $3.84 levels, the path to $6.12 requires not only a sustained break above $3 but also consistent buying pressure to maintain momentum [4]. Investors are advised to monitor key technical levels and volume dynamics closely, as a failure to hold above $3.66 could invalidate the current bullish thesis. The interplay between technical resilience and macroeconomic factors will ultimately determine whether XRP challenges its historical highs or faces a near-term correction.

Sources:

[1] [Cointelegraph, "How high can XRP price go from $3.66 multimonth high?"](https://cointelegraph.com/news/how-high-can-xrp-price-go-3-66-multimonth-high)

[2] [CoinEdition, "XRP’s next major price target is $4.10"](https://cryptorank.io/news/feed/e1ce1-xrp-price-prediction-4-dollar-target-all-time-high)

[3] [AInvest, "XRP surges 4% on six-year triangle breakout"](https://www.ainvest.com/news/xrp-news-today-xrp-surges-4-year-triangle-breakout-eyes-6-target-75-gains-2507/)

[4] [Binance, "XRP Eyes Major Breakout: Will It Conquer ‘The Chasm’?"](https://www.binance.com/en/square/hashtag/xrp%F0%9F%94%A5%F0%9F%94%A5)

[5] [Coinpedia, "Ripple XRP Price Prediction 2025, 2026-2030"](https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/)

[6] [The CoinRepublic, "XRP price targets $6 breakout"](https://www.thecoinrepublic.com/2025/07/21/xrp-price-targets-6-breakout-as-ripple-hits-this-milestone/)

[7] [Cointelegraph, "XRP’s rally amid crypto bills in the US House"](https://cointelegraph.com/tags/xrp)

[8] [AInvest, "XRP’s ETF-fueled rally and $3.56 threshold"](https://www.ainvest.com/news/xrp-etf-fueled-rally-ripple-price-stuck-3-56-breakout-imminent-2507/)

[9] [TradingView, "XRP/USDT perpetual contract trade ideas"](https://www.tradingview.com/symbols/XRPUSDT.P/ideas/?sort=recent&video=yes)