XRP Surges 77% in 24 Days, Nears All-Time High

XRP's latest price was $, in the last 24 hours. The cryptocurrency has been the subject of intense market analysis and speculation, with experts and analysts closely monitoring its performance and potential future movements. Market expert Austin Hilton has conducted a new technical analysis, suggesting that XRP could experience an explosive surge, potentially driving it to unprecedented levels. Hilton's analysis focuses on the cryptocurrency's trajectory over the next few weeks and its potential targets by the end of the year. He notes that XRP's price has accelerated significantly since breaking above a key level, posting a 77% gain over the past 24 days. This strong performance has brought XRP within 10% of reclaiming its all-time high of $3.84, set almost eight years ago. Hilton attributes this bullish momentum to strong liquidity, rising demand, and sustained bullish sentiment as the market enters a new phase.

Hilton's forecast includes a prediction that XRP could reach $5 by the end of July, driven by a surge in capital inflows and growing institutional interest. He highlights that XRP's market value has surged from around $140–$150 billion to over $207 billion in just one week, attributing this influx to Fear Of Missing Out (FOMO) and fresh entries into the market. Looking further out, Hilton has revised his end-of-year projection, citing the ongoing strength of XRP’s rally and improving market fundamentals. Initially, he had projected a conservative year-end target between $5 and $10, but with XRP's price now solidly above $3, he sees the potential for a more aggressive push in the months ahead. His updated outlook includes a baseline target of $10, with $15 as a realistic stretch target and a run to $20 as a possible explosive climax before the year ends. Several factors, including XRP’s rising market capitalization, anticipation of a potential XRP ETF, and the resolution of the Ripple-SEC lawsuit, are suggested as potential catalysts for this optimistic prediction.

XRP's current structure mirrors its past bull cycle, with a repeating pattern of touching the previous all-time high, consolidating underneath, and then breaking out. Galaxy, a crypto analyst, highlighted this pattern in a recent tweet, noting that XRP's real bull run starts once it breaks above $3.3 again. In 2017, XRP followed a similar pattern, touching its prior all-time high, consolidating, and then blasting off following the breakout. Currently, XRP has touched the $3.3 all-time high from its 2018 cycle and has spent months consolidating just beneath this level, building significant bullish pressure. If XRP decisively closes above the $3.3 resistance band, it could spark the next leg of a long-term bull market. The weekly XRP/USDT chart displays a strong structure, with the shaded purple zone near $3.3 standing as a critical resistance band. A confirmed close above this region could invalidate multi-year consolidation and keep XRP in unknown territory. However, traders should monitor volume and daily closes to confirm breakout strength, as any rejection at this resistance could delay further upside moves.

XRP has achieved a new all-time high of $3.55–$3.65 during a notable altcoin market surge, positioning itself as a key player in the digital asset space. Ripple Labs' strategic global partnerships and substantial institutional investments have contributed to XRP's ascent. The increase in market value indicates growing confidence and liquidity supported by institutional accumulation. The new all-time high price of XRP marks a significant milestone, with spot trading volume spiking to $20 billion and derivatives exceeding $46 billion, driven by institutional and retail participation. Ripple Labs, led by Brad Garlinghouse and David Schwartz, continues to implement its strategic vision, with institutional partners facilitating real-world asset tokenization and expanding the XRP Ledger’s integration. A market source revealed that large investors purchased over 2.2 billion XRP (valued above $6.6 billion) in a two-week accumulation, further illustrating the institutional interest behind the recent rally. The recent uptrend is partially due to the resolution of Ripple’s SEC case, which has cleared a major regulatory uncertainty, providing renewed confidence in the market. XRP's rise may affect ripple-like movements across other cryptocurrencies, such as ETH and SOL, with analysts suggesting further institutional interest may accelerate product diversification and potential ETF approvals.

Crypto commentator Bale expressed a firm view on the current state of XRP, describing the ongoing price action as deliberate suppression and urging holders to remain steadfast. His message read, “We are witnessing XRP price suppression at its finest. HOLD STRONG.” Other users shared their perspectives on Bale’s post, with Edward explaining the situation as a calculated move by institutional players. He wrote, “Smart money often accumulates during these sideways moves, setting tight price bands. By holding it in a narrow $3.40–$3.45 zone, retail is now bored, leveraged longs are liquidated, and weak hands drop out. This is classic pre-breakout behaviour.” Bbean discussed the emotional challenges of holding through periods of little movement, highlighting the difficulty some retail investors experience as they watch the price trade within a tight range despite broader bullish trends. In contrast, an X user identified as Illinois girl Desi questioned the premise of suppression altogether, suggesting that sideways trading and volatility are inherent characteristics of cryptocurrency markets and do not necessarily indicate manipulation. The comments on Bale’s post reflected a range of interpretations of XRP’s current behavior, with some attributing it to strategic accumulation and others to natural market tendencies. Bale’s initial statement and the subsequent commentary underscored the resilience and differing perspectives within the XRP community as the asset continues to post strong gains.

Over the past year, XRP has posted remarkable gains, outperforming even Bitcoin in the cryptocurrency market. In a surprising turn of events, XRP increased its value by 277%, a significant achievement given the absence of major Exchange-Traded Funds (ETFs) and its limited engagement with the decentralized finance (DeFi) space. XRP’s unexpected rise has become a focal point in the crypto sphere, traditionally dominated by Bitcoin. While XRP lacks a comprehensive array of financial products compared to Bitcoin, the influx of interest from large investors has continually pushed its value upward. Kyle Chassé, a seasoned expert in cryptocurrency, remarked that XRP’s swift ascent could signal more substantial gains ahead. Institutions—key players in the market—have shown increasing interest, which bolsters XRP’s positive trajectory. Experts speculate that XRP may experience further double-digit growth. However, the inherently volatile market makes it difficult to make firm predictions. Market watchers advise considering the dynamic nature of the market following such rapid increases. XRP’s growth continues to attract attention as large investors inject notable funds, driving quick shifts in XRP’s market value. This distinguishes XRP from other major digital assets like Bitcoin, which haven’t seen similar movement. Technological and legal advancements have further fueled XRP’s uptrend by enhancing user confidence. Nonetheless, the crypto market’s volatility remains a critical factor, urging investors to proceed with caution.

The legal confrontation between Ripple and the U.S. Securities and Exchange Commission (SEC) remains in sharp focus as the case drags on. Multiple factors, including the complexity of the case and the potential implications for the broader cryptocurrency industry, have contributed to the delay in reaching a settlement. The outcome of the lawsuit is eagerly awaited by market participants, as it could set a precedent for how cryptocurrencies are regulated in the United States. The prolonged litigation has also raised questions about the regulatory environment for digital assets, with some industry experts calling for clearer guidelines to foster innovation and investment in the sector. Despite the uncertainty, Ripple and its supporters remain optimistic about the potential resolution of the case, which could pave the way for further growth and adoption of XRP. The ongoing legal battle underscores the challenges faced by the cryptocurrency industry in navigating regulatory frameworks and highlights the need for a balanced approach that promotes innovation while protecting investors.