$XRP Reaches New All-Time High, Surging to $3.65

XRP has shown explosive growth, adding over 20% in 24 hours and setting a new all-time high (ATH) at $3.65. Analysts attribute this surge to institutional investor activity and a strong technical breakout amid high trading volumes. This was reported on Friday, July 18, according to data from the TradingView platform.

New Record and Community Disputes

At the time of writing, the asset is trading at $3.37, and its market capitalization has approached $200 billion. Overall, the cryptocurrency has grown by almost 40% over the last week.

The establishment of a new record has sparked debate within the crypto community. Some users and platforms, such as Coinbase, believe the previous high was recorded in January 2018 at $3.84. However, most analytical resources, including CoinMarketCap, indicate that the past ATH was $3.40, making the current movement a new historical record.

Analyst Forecasts

Ryan Lee, chief analyst at Bitget, noted that in the event of a correction, the nearest downside target could be the $2 level, and the new consolidation zone could be the $2.65-$3 range. At the same time, he emphasized that RSI and MACD indicators signal potential short-term overbought conditions and a need for a "breather."

In the medium term, given positive news (e.g., the approval of an XRP-based ETF), the price could reach $5.89. Some analysts predict that by 2030, with the launch of new products from Ripple, XRP's value could even reach $10.