XRP has shattered its all-time high with the kind of explosive momentum that transforms skeptics into believers and sends analysts scrambling to recalibrate their price models. The cryptocurrency recently reached an intraday peak of $3.66, marking its entry into what technical analysts characterize as Phase 4 of its market cycle—a designation that carries the weight of considerable historical precedent and, perhaps more importantly, a Fibonacci extension target of $21.5.
This breakout represents the culmination of a prolonged consolidation phase spanning from 2018 to 2024, during which XRP exhibited the patience of a monk and the restraint of a disciplined trader (qualities rarely associated with volatile digital assets). The double-bottom pattern formation on the two-week chart since 2017 finally surrendered its neckline resistance in late 2024, transforming what was once formidable opposition into reliable support—a classic reversal that technical purists find deeply satisfying.
Trading volume surged by over 63%, while daily active addresses jumped 41% to reach 82,000, suggesting that retail enthusiasm has returned with characteristic fervor. Whale investors, those perpetually mysterious market movers, accumulated over 1.5 billion XRP tokens, lending institutional weight to what might otherwise appear as speculative euphoria.
The ADX indicator supports continued upward momentum, while an RSI reading of 69 indicates bullish pressure without venturing into overbought territory.
XRP’s ascension to third place in market capitalization rankings, with a valuation of approximately $208.68 billion, demonstrates its ability to overtake established competitors like Tether—no small feat in an ecosystem where market position often correlates with network effects and investor confidence.
The emergence of a bull flag pattern suggests a potential 480% rally to $17, based on conventional technical analysis principles.
Speculation surrounding the GENIUS Act and strengthening ETF demand provide fundamental catalysts beyond pure technical momentum. The regulatory clarity emerging from the GENIUS Act’s Senate passage could provide additional tailwinds for digital assets navigating the evolving compliance landscape. Analysts project a long-term target of $38, which would imply a market capitalization of approximately $2.2 trillion—a figure that places XRP in rarefied air alongside the world’s largest corporations, assuming such astronomical valuations prove sustainable rather than ephemeral.
