XRP News Today: XRP Surges 33% in Week, Nears All-Time High

Generated by AI AgentCoin World
Thursday, Jul 17, 2025 10:59 am ET1min read
Aime RobotAime Summary

- XRP surged 33% to $3.26, nearing its 2018 all-time high of $3.84 after breaking key resistance levels.

- Altcoins outperformed Bitcoin, with Dogecoin ($0.20), Solana (+5.9%), and Cardano (+8%) leading the rally amid meme coin revival.

- Bitcoin's dominance fell to 61.5% as 77 of the top 100 cryptos gained value, while Ethereum's market share rose above 10%.

- XRP remains 15% from its peak, while Dogecoin lags 70.8% below its 2021 high despite protocol-driven token burns.

XRP has surged by 33% over the past week, reaching $3.26, which is just 4.8% away from its all-time high. This significant gain has been driven by a broader altcoin rally, with many altcoins outperforming Bitcoin during Thursday's trading session. XRP's recent performance has been particularly impressive, breaking free of its trading range and moving past key resistance levels. Just two days ago, XRP captured market attention with its explosive move to $2.9292, decisively breaking above the $2.60 resistance level that had capped rallies throughout most of 2025. As of Thursday morning, XRP had reached $3.25, positioning it just 4.8% shy of reaching a new all-time high above $3.40.

Dogecoin has also seen a resurgence, breaking above $0.20 for the first time in over six weeks. This meme coin has benefited from a broader meme coin resurgence following the initial coin offering of Pump.fun over the weekend. Solana and Cardano have also enjoyed substantial gains, with Solana up by 5.9% and Cardano up by 8% over the past 24 hours. These gains come despite months of debate on whether "altseasons" are a thing of the past. Michael Harvey, head of franchise trading at Galaxy, noted strong rallies in SOL, XRP, HYPE, and SUI, as well as favorable signs of stablecoin adoption benefiting Ethereum DeFi stalwarts like AAVE and UNI. However, it's not all about Ethereum, as BONK has been the star performer in the meme coin space due to the protocol’s plan to burn up to a trillion tokens.

Out of the 100 biggest cryptocurrencies by market capitalization, 77 are currently in the green since this time yesterday, with Bitcoin notably not being one of them. This shift has had an impact on Bitcoin's dominance, which has dropped from 65% to 61.5% of the industry's total value. By contrast, Ether's market share has climbed above 10% for the first time since March. Altcoins have collectively seen their market capitalization jump by 47% over the past 90 days, from $983 billion to $1.44 trillion. Even though Bitcoin has broken price records in recent days, many other major cryptocurrencies remain some way off their historical peaks. Ethereum is currently trading at a 30% discount to its all-time high of $4,891.70 set in November 2021, while XRP is much closer to entering price discovery mode, being 15% away from eclipsing the record of $3.84 set in January 2018. An imminent return to unprecedented valuations is exceedingly unlikely for Dogecoin, which remains 70.8% below its high watermark of $0.74 on May 8, 2021.

Comments



Add a public comment...
No comments

No comments yet