coinpedia.org
$XRP has exploded past its previous all-time high of $3.40, reaching $3.65, a big move that was much-awaited by the community. Over the past week, $XRP has surged more than 40%, breaking out of a large symmetrical triangle it had been forming since the start of the year.
The breakout began around July 9, with strong momentum continuing into the following days. $XRP smashed through the $3 resistance level, a price point that had acted as both support and resistance multiple times this year.
Why $3 Was So Important
According to analyst Lark Davis, the $3 level was important. In January and March, it had acted as a major barrier, first as support, then resistance. Now that $XRP has broken above it, the big question is: can it stay there?
If it does, analysts believe $XRP could push toward $4.10 or even $4.50 based on technical projections. This target is based on the height of the triangle pattern that $XRP just broke out of.
All Eyes on the Retest
Short term, what happens next will likely depend on how $XRP behaves around the $3 mark. If the price retests $3 and holds, it could be a strong signal for another leg up. If it drops below that level again, $XRP might trade sideways for a bit between $2.60 and $3.
How High Can $XRP Go This Year?
A Fibonacci extension points to a possible price of $4.68. And if Bitcoin continues its own bullish trend toward $150K, $XRP might even stretch to $5 or more this year.
Options markets also show that traders are betting on more upside. There’s nearly a 20% chance $XRP hits $4.50 by September, according to data from recent call options.
Could we see $7 $XRP by the end of the year if Bitcoin hits $200K? Davis says it’s possible, but it would require a huge push. A $10 $XRP would mean a $590 billion market cap—which, while not impossible, is definitely a high bar.