XRP News Today: XRP Surges 27% Weekly, Breaks $3.00 Resistance

XRP, the cryptocurrency associated with Ripple, has recently experienced a significant surge in price and activity, breaking out from long-standing patterns against both USD and BTC. This aggressive rally has shifted market structure and flipped critical resistances into support, indicating a potential return of speculation and the formation of a new narrative around XRP.

The USDT pair for XRP has shown a powerful breakout above $2.30 after months of sideways action, breaking out of a falling wedge pattern that had been forming since late 2024. The price closed well above the 50-day and 200-day moving averages, both located around the $2.30 zone, and is now pushing into a major resistance area at $3.00. The rally has been sharp, with the RSI entering extremely overbought territory at 80, historically leading to corrections or sideways consolidation before continuation. As long as XRP holds above the 100-day and 200-day moving averages, the path toward $3.40 and even $4.00 opens up. However, a close below these moving averages could trigger profit-taking and drag the price back below $2.00.

The XRP/BTC pair also confirms this momentum shift, breaking out of a falling wedge structure and flipping the key 2,200 SAT range into support. This invalidates the bearish market structure and suggests a new trend phase could be developing. Currently sitting around 2,500 SAT, XRP/BTC is testing its 200-day moving average and trying to make higher highs and higher lows above it. The RSI on this pair is also overbought at 83, suggesting the rally may be overextended in the short term. The next significant resistance lies around 3,100 SAT, a zone that acted as a major distribution region during XRP’s last bullish leg. If XRP/BTC can consolidate above the 2,400 SAT level, buyers will likely aim for this zone in the next impulse.

The total amount of XRP burned has reached an all-time high of 14,083,391 XRP, underscoring the growing interest and activity within the XRP community. This burn mechanism is integral to the XRP Ledger (XRPL) design, where small fees are permanently destroyed to combat spam and ensure the network's long-term integrity. The price of XRP has surged, topping $3 on Monday, marking a seven-day rise from July 9. This surge coincides with a substantial increase in network growth, as evidenced by the creation of new wallets. The heightened interest in XRP is also driven by discussions about its role and future in the cryptocurrency market, including Ripple's launch of RLUSD on the XRPL and debates on its value and long-term potential.

XRP's price has shown significant volatility, with a 2.36% increase in the last 24 hours to $2.95 and a 27% weekly gain. The headline target remains $3.00, with accumulation zones near $2.85 suggesting positioning ahead of a potential volatility spike. Institutions appear to be rotating positions aggressively around key thresholds as ProShares’ XRP Futures ETF nears its launch. Failure to hold $2.88 might unwind the recovery structure and lead to a retest of $2.82. Support at $2.85 holds the floor; resistance at $2.93 sets the barrier. A break in either direction might trigger momentum. A decisive breach above $3.00 would likely trigger a move toward $3.40 and then $4.

The recent rally in XRP has been driven by several bullish indicators, including a decisive break above its 20, 50, 100, and 200-day moving averages. XRP has broken past the $2.90 resistance mark and is holding strong around $2.93, showing clear upward strength. Despite a recent dip of 3.2% to $2.87, ETF-backed momentum could still drive a rally to $4.50. The surging XRP/ETH ratio and rising institutional interest further support this optimistic outlook.

According to analysts' forecasts, 52% of crypto experts predict XRP will double its current value by the end of 2025. 18% believe XRP could hit $3.00 if ETF and mass adoption align. Additionally, some analysts have noted that XRP's recent signals have preceded significant rallies in the past, suggesting a potential explosive run. A breach of the all-time high is seen as a trigger for acceleration toward the $11 objective. If XRP manages to close decisively above $3, it could ignite a broader altcoin rally and reset expectations for what's possible in this market cycle.

While extreme scenarios are unlikely, XRP's path to $10–$15 by 2025 is grounded in tangible progress. Investors should focus on technical breakouts and regulatory developments as key drivers of XRP's future performance. The recent rally has been fueled by Ripple's push into real-world asset tokenization, which has contributed to XRP's outperformance among major altcoins. As the cryptocurrency market continues to evolve, XRP's aggressive rally and potential to break all-time high levels remain a topic of keen interest among investors and analysts alike.