After several weeks of accumulation and facing strong resistance at the $3 level, the price of XRP has officially broken this threshold and turned it into a support zone. Currently, XRP is only about 15% away from the historical peak of $3.84, leading investors and analysts to start expecting that this coin will set a new high in the near future.

🔍 Breakout Signal – XRP Enters the “Price Discovery” Phase

Technical analyst Tony “The Bull” Severino has issued a warning to the XRP community through a post on X (Twitter). Accordingly, XRP is entering the “price discovery” phase – the time when the market self-determines the true value of the asset through buying and selling behavior.

History shows that every time entering this phase, XRP has recorded strong growth spurts. According to Severino, the current move is similar to 2017 – when XRP surged to its historical high after the monthly RSI sharply dropped to 67.18.

📊 RSI Indicator & Repeating History?

In May 2025, the monthly RSI of XRP also reached 67.18 – just like in 2017. After that point, the market took several months to accumulate before entering a second major price explosion.

Now, with the current price action, Severino believes that XRP may be starting the final bullish wave of this cycle. However, he emphasizes: “This is the time investors should start planning to TAKE PROFITS.”

📈 Open Interest Hits Record – Price Peak Signal?

Data from Coinglass shows that XRP's open interest – the total value of open derivative orders – has exceeded $9 billion, surpassing the previous peak of $8.33 billion in January 2025.

The high increase in open interest typically indicates that market sentiment is very “hot” and may signal that a price peak is approaching. Historically, after each surge like this, the market often enters a strong correction phase as bears (sellers) regain control.

✅ Conclusion – Action Strategy

  • XRP has broken the resistance of $3 and is only 15% away from reaching its old peak.

  • Entering the “price discovery” phase – a strong sign for continued upward potential.

  • However, technical indicators and market data suggest a short-term peak is approaching.

  • Investors should be ready to take profits if there is another breakout, avoiding being caught at the top when the trend reverses.

💡 Note: In the crypto market, nothing is 100% certain. Combine technical analysis, risk management, and market sentiment to make sound investment decisions. $XRP