XRP News Today: XRP Surges 6% to New All-Time High of $3.60 Amid Bullish Trends

XRP has entered a historic phase of price discovery, surpassing its previous all-time high of $3.40 and reaching $3.60, a level that aligns with the 1.618 Fibonacci extension. This milestone is significant as it confirms the strength of the current upward trend and brings higher macro targets into sharper focus, according to respected trader and analyst Casitrades. The digital asset is now attempting to establish $3.60 as a new support level, which is crucial for sustained upward momentum.

This breakout is the first time XRP has convincingly surpassed its 2018 peak, marking a new all-time high. The next key area of interest is at $4.65, where some exchanges show minor resistance slightly below that at $4.62. Holding above the $3.60 level could catalyze a rapid move to this next major Fibonacci extension, with traders expecting temporary resistance before further continuation.

Despite the bullish outlook, Casitrades has identified early signs of exhaustion on lower timeframes, with bearish divergence appearing on the 4-hour chart. This indicates a possible short-term retracement, with critical levels to watch being $3.40 and $3.20. The former has already been tested once and held, reinforcing its importance as a new potential floor. However, momentum indicators on the daily and weekly charts remain firmly bullish, suggesting that any pullbacks are natural after such aggressive upward movement and that the underlying trend remains powerful.

This price surge is supported by improving fundamentals for Ripple and XRP. Ripple’s legal battle with the U.S. Securities and Exchange Commission is nearing its conclusion, with both parties expected to formally end appeals following Judge Torres’ rejection of their earlier settlement agreement. Ripple’s decision to drop its counter-appeal is seen as a strategic move to expedite closure, potentially clearing the path for institutional adoption and clarity around XRP’s legal status.

In parallel, Ripple continues to expand its international presence through partnerships focused on cross-border payments, stablecoin issuance, and tokenized assets on the XRP Ledger. These advancements reinforce XRP’s long-term utility and value proposition, adding a fundamental tailwind to the ongoing technical breakout. With XRP consolidating above its former all-time high and momentum remaining strong, attention is now turning to the next key resistance zone at $4.65. If bulls can hold the line at $3.40, the path toward higher macro targets may open quickly, potentially marking one of XRP’s most explosive phases yet.