XRP News Today: XRP Surges 9.97% Breaking All-Time High, Targets $21.5

XRP has officially surpassed its previous all-time high, marking the start of Phase 4 in its long-term market structure. This move follows years of sideways consolidation between 2018 and 2024, as analyzed by CW8900. The next projected target stands at $21.5, which is based on the 6.618 Fibonacci retracement level, suggesting further upside may follow this breakout.

The breakout occurred after the price moved through a tightening triangle pattern. On July 18, XRP reached $3.52, up 9.97% in the past 24 hours. The intraday high stood at $3.66 before retracing slightly. Market data shows the asset maintained support above $3.40 throughout the day. XRP is now ranked #3 by market capitalization, standing at $208.68 billion. Trading volume also surged 63.03% to reach $23.01 billion, reflecting increased interest.

Technical analysts have projected $21.5 as the next target using the 6.618 Fibonacci extension. This level was measured from previous cycle lows to past highs. XRP’s growth is being supported by increased liquidity and strong on-chain participation. The fully diluted valuation of XRP now stands at $349.49 billion. The total supply remains near 99.98 billion tokens, with a circulating supply of 59.18 billion. A 24-hour volume-to-market cap ratio of 11.1% signals active trading across exchanges.

XRP’s market structure has followed a four-phase cycle from 2014 through 2025. The current move marks the beginning of Phase 4, following years of sideways consolidation. The asset is leading the on-chain game, referring to the asset breaking above the $190 billion market cap. Analysts will continue to monitor whether XRP maintains this momentum toward the projected Fibonacci level of $21.5.