XRP News Today: XRP Surges 33% In A Week, Breaks $3 Mark

XRP, the cryptocurrency associated with Ripple, has recently surged past the $3 mark, marking a significant milestone in its price trajectory. This breakout comes after a period of steady gains, with the cryptocurrency experiencing five consecutive days of increases, culminating in a sixth day of positive movement. The surge to $3 is particularly notable as it is the first time XRP has reached this level since February 2025. This price action is part of a broader rally in the crypto market, with Bitcoin also seeing substantial gains, surpassing $123,000.

Analysts attribute the rally to a strong technical structure, with veteran trader Peter Brandt identifying a compound fulcrum on the XRP chart following April's false breakout. This technical pattern suggests a potential for further upward movement. Additionally, the Average Directional Index (ADX) is sloping upward, confirming the strength of the trend that has driven XRP from $2.24 to $3 in just seven days.

The rally is not solely driven by technical factors; large whale transactions have also been observed on-chain. A recent transfer of 167 million XRP, valued at approximately $497 million, between unknown wallets has sparked speculation about institutional involvement. This transfer has raised questions about whether large players are reentering the market or repositioning ahead of further gains.

XRP's positive developments extend beyond price movements. Mercurity Fintech has filed Form K-6 with the SEC, announcing the launch of a $500 million DeFi basket treasury that includes XRP among other cryptocurrencies. Additionally, 3iQ Digital Asset Management revealed that its XRP ETF, now Canada’s largest XRP ETF, has accumulated over $50 million in client assets since its launch on June 18. These developments indicate growing institutional interest and confidence in XRP.

With the $3 level now surpassed, analysts and traders are setting their sights on the next major resistance near $4.00. According to some analysts, if XRP can stay above $2.80, the next target lies at $3.20, followed by $3.50 in the coming weeks. A veteran trader has even suggested that XRP could rally toward $4.47 next, highlighting the potential for significant gains. The regulatory picture for XRP has also become clearer following recent resolutions, which may contribute to its bullish outlook.

As XRP continues to trade higher, the focus is now on $3.40 ahead of $4, with recent predictions even targeting $4.40. The cryptocurrency's recent performance has made it the third-largest cryptocurrency by market capitalization, surpassing Tether (USDT). This surge in price and market capitalization underscores the growing interest and investment in XRP, positioning it as a key player in the crypto market.