Usman Salis
XRP (Ripple) price reached a new all-time high of $3.66 but has since entered consolidation mode. The cryptocurrency shows strong fundamentals despite the temporary pause in its rally toward $4.
XRP just hit a massive milestone, reaching an all-time high of $3.66 on Friday. That's a huge jump from the $1.9 low we saw back on June 22 - we're talking about a 92% rally here. The momentum really picked up after Congress passed three crypto-friendly laws, including the CLARITY and GENIUS Acts, which basically give digital assets much clearer rules to play by.
But here's where it gets interesting. ProShares filed for the first-ever XRP futures ETF, and get this - eleven other asset managers jumped in with their own XRP-based products. Traders are now betting there's an 88% chance we'll see a spot XRP ETF approved by December 2025. That's pretty bullish if you ask me.
XRP Price Action: Why the $4 Target is Delayed
Right now, XRP is trading at $3.45, up just 0.25% in the last 24 hours. Since hitting that $3.66 peak on July 18, it's been bouncing between $3.35 and $3.48. Some folks might see this as weakness, but technical analysts are calling it a healthy consolidation.
What we're seeing looks like a classic "bull flag" pattern. Basically, the price tightens up in a range before breaking higher. It's like XRP is catching its breath before the next big move. The delay in hitting $4 isn't really a setback - it's more like the market taking a breather.
There's also broader market support here. CoinMarketCap's Altcoin Season Index sits at 47 out of 100, suggesting we might be heading into altcoin season. XRP is also forming what traders call a "golden cross" on its daily chart, which typically signals more upside ahead.
What's Next for XRP Price?
The key level everyone's watching is $3.45. If XRP can push above this and challenge the $3.60-$3.66 resistance zone, we could see that $4 target hit pretty quickly. On the downside, $3.34 is the crucial support level that needs to hold for the bulls to stay in control.
The fundamentals are still solid - regulatory clarity is improving, institutional interest is growing through ETF filings, and the technical setup looks promising. While we might see some more sideways action in the short term, the path to $4 seems pretty clear once momentum picks back up.
Usman Salis
