XRP News Today: XRP Surges 63.03% Breaking All-Time High Entering Phase 4

XRP has recently surpassed its previous all-time high, marking the beginning of Phase 4 in its market cycle. This phase is characterized by a bullish target of $21.5, as indicated by Fibonacci extension analysis. The surge in XRP's price has been accompanied by a significant increase in trading volume, which has risen by over 63%. This heightened market activity and investor interest reflect a strong bullish sentiment surrounding the cryptocurrency.

XRP's recent price action is particularly noteworthy as it breaks out of a prolonged consolidation phase that lasted from 2018 to 2024. This breakout was confirmed when XRP surpassed a tightening triangle pattern, reaching an intraday high of $3.66 on July 18, 2025. The price movement indicates a decisive shift in market sentiment, supported by robust trading volumes and sustained price support above $3.40 throughout the day.

Technical analysis plays a crucial role in validating the bullish outlook for XRP. The 6.618 Fibonacci extension level is identified as a critical target, suggesting that XRP's price could reach $21.5 in the medium term. This projection is based on historical price cycles and retracement patterns, providing a mathematically sound framework for future price expectations. Currently, XRP holds the third spot by market capitalization, valued at approximately $208.68 billion, with a fully diluted valuation nearing $349.49 billion. The surge in trading volume, which climbed 63.03% to $23.01 billion, underscores increased market participation and liquidity, essential factors for sustaining upward momentum.

The 6.618 Fibonacci extension level is a pivotal metric for traders and analysts, indicating a potential price ceiling based on prior market cycles. XRP’s circulating supply stands at 59.18 billion tokens, with a total supply close to 99.98 billion, maintaining a healthy balance between supply and demand dynamics. The 24-hour volume-to-market cap ratio of 11.1% further confirms active trading and investor engagement across multiple exchanges. On-chain data reveals XRP’s leadership in transaction volume and liquidity, reinforcing its status as a dominant player in the cryptocurrency ecosystem.

Industry analysts have highlighted XRP’s growing dominance, noting its market cap surpassing $190 billion as a testament to its strong on-chain fundamentals. This momentum positions XRP favorably for continued gains, provided it maintains support levels and trading volume. Analysts will closely monitor XRP’s trajectory as it approaches the $21.5 Fibonacci target, assessing whether current bullish trends can be sustained amid broader market conditions.

In conclusion, XRP’s breakout above its all-time high and entry into Phase 4 marks a pivotal moment in its market evolution. Supported by increased liquidity, strong trading volumes, and validated by Fibonacci extension analysis, XRP is poised for significant upside potential. Investors and traders should watch for sustained momentum and market participation as key indicators of XRP’s ability to reach the projected $21.5 target. This development underscores XRP’s resilience and growing influence within the cryptocurrency sector.