XRP nears $3 after gaining 30% in a month, with $6 as the next target on a confirmed breakout.
Multi-year breakout and Fibonacci levels support higher targets, with $5.89 and $7.94 in focus.
ETF volume surges 5x and Ripple's banking push fuels strong institutional interest in XRP.
XRP is trading just below the $3 mark after posting a strong monthly performance. At the time of writing, XRP was priced at $2.78. The asset has gained 30.13% over the past month, rising from $2.13 in mid-June. A confirmed weekly close above $3 could signal further upside toward $6.
Multi-Year Breakout and Fibonacci Targets Support Bullish Outlook
XRP broke out of a multi-year symmetrical triangle earlier in 2025, ending a consolidation phase that began in 2019. The breakout occurred above $0.75, followed by a sharp rally that lifted price near the $2.70 level. XRP is now testing the 1.236 Fibonacci extension at $2.72, which could act as a short-term resistance.
https://twitter.com/ali_charts/status/1944063954667413984
According to analysis prepared by Ali Charts, XRP’s long-term chart structure points to higher technical targets. Fibonacci extension levels project $5.06, $9.68, and $16.73 as future areas of interest, with intermediate targets at $4.40, $5.89, and $7.94. The asset is currently trading within a new range between $2 and $3, supported by consistent upward momentum throughout July.
CoinMarketCap reports that XRP's market capitalization stands at $164.85 billion, ranking it as the third-largest cryptocurrency. Its 24-hour trading volume is $7.08 billion, though down 56.23% from the previous day. XRP’s circulating supply is 59.13 billion tokens out of a total supply of 99.98 billion.
Fundamental Drivers and ETF Volume Strengthen Market Position
Beyond technicals, XRP is gaining support from ecosystem developments. Ripple has filed for a U.S. national banking charter under Ripple National Trust Bank, which could allow it to offer federally regulated banking services. This step would enhance XRP’s use within regulated financial systems.
Ripple’s RLUSD stablecoin is also gaining traction within the XRP Ledger and RippleNet. It facilitates tokenization, settlements, and enterprise DeFi transactions. Meanwhile, institutional interest is growing.
According to Bloomberg ETF analyst Eric Balchunas, XRP ETFs have seen 4x–5x normal trading volume, with Teucrium’s XXRP ETF posting $120 million in daily volume and managing $163.5 million in assets.
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