Analysts believe XRP $XRP could reach new all-time highs, as long as it stays above $ 2.34.

XRP has surged 8% in the last 24 hours, firmly breaking the$2.58 mark.This is the strongest rally since the crypto market began its recovery.

Ripple's token surge comes as Bitcoin hit a new all-time high above $118,400 and Ethereum surpassed $3,000 for the first time in 2025, creating the perfect conditions for XRP's rally.

XRP Surges Above $2.58 on Volume and Whales

The Ripple token broke out yesterday, jumping to $2.50 and then headed towards $2.56, driven by increasing trading volume, which hit $219.30 million.

Meanwhile, whale wallets with more than a million XRP have continued to accumulate. They currently hold $47.32 billion.

Also fueling the positive sentiment around XRP was Ripple’s stablecoin , RLUSD , as it surpassed $500 million in market capitalization earlier this week, just seven months after its launch.

Will XRP replicate the explosive rallies of past bull markets?

Analysts believe XRP could reach new all-time highs if the asset can hold above $2.34 . They estimate a target of $2.65 before reaching the $4-$6 range.

They also argue that the asset can move independently from other altcoins, reacting to market movements differently thanks to its fundamentals.

The bullish forecast is also supported by XRP's past performance during previous bull markets, which shows the asset's enormous potential. Previous rallies have seen returns ranging from 400% to 60,000%.

In the spring 2017 rally, XRP rose from $0.006 to $0.37 in just two months, marking a 60-fold gain. Shortly thereafter, the legendary 2017-2018 rally pushed the asset from $0.23 to $3.84, a 16-fold increase in just a few weeks.

From 2017 to its all-time high, XRP recorded an 800x gain. The 2020-2021 rally took the token from $0.20 to $1.96, a return of approximately 10x, while the fourth quarter of 2023-2024 saw the asset rise from $0.56 to $2.20 in two months, quadrupling its value.

The asset has remained range-bound between $1.80 and $3.29 in 2025, with the asset still 40% below its high of $3.84, set in January 2018.

Historically, XRP has been one of the best performers during bull markets, although it has often experienced sharp corrections and long periods of consolidation afterward.

Further supporting optimism are requests for spot XRP ETFs , currently under review by the US SEC. A possible green light could push the asset higher.

XRP shows a breakout technical structure

XRP broke out of a falling wedge pattern above $2.30, a clear sign of bullish continuation, reinforced by rising volume at $219.30 million.

The continuation of the trend is also confirmed by the fact that the token is holding above $2.54. Support has formed at $2.53, and the next resistance levels are at $2.70-2.90.

On the weekly chart, the crypto asset is breaking out of a massive multi-year consolidation pattern that has formed since its 2018 peak around $3.30.

Ascending triangle formations, observed over several cycles, show increasingly higher lows, signaling a solid and bullish technical structure.

According to Fibonacci extensions, the next target is $9,631.

Elliott Wave analysis also reinforces the bullish outlook: according to experts, XRP has completed a complex WXY-type correction—a structure composed of three consecutive corrective movements—and is now ready to begin a new impulsive phase consisting of five waves, typical of bull cycles.

Looking at the current structure, we see that wave 1 ended at recent highs, while XRP is now in a corrective pullback phase (wave 2), awaiting the start of the third wave, usually the most explosive in the cycle.

The first target is $3.80 , above its all-time high reached in 2018. This would represent a strong 50% increase.

Critical support is set at $1.80: a drop below this level would invalidate the bullish scenario. As long as the asset remains above this threshold, the current momentum continues to favor an extension of the positive trend.

Based on technical models and previous bull cycles, XRP appears well-positioned for renewed momentum. If institutional adoption increases, the target could extend to the $4–$6 range.

The $9.6 target remains valid in the long term , provided XRP maintains the current momentum and defends the key breakout levels.

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