Ripple XRP Price Nears $3.40 Record as Trading Volume Explodes to $12 Billion

XRP is back in the spotlight, nearing its all-time high after a week of surging prices, massive volume, and bullish sentiment.

A Hot Week for XRP

Is XRP about to rewrite the record books? It sure looks that way. Over the past few days, the Ripple-linked token has charged toward its 2018 peak of $3.40, driven by a potent mix of regulatory optimism, ETF buzz, and market momentum.

XRP Price Rally: Numbers and Momentum

XRP is currently hovering near $3.25 to $3.26, just shy of its all-time high of $3.40. The token posted a 10 percent daily jump and an eye-popping 37 percent weekly gain, making it one of July’s best-performing large-cap cryptocurrencies. The price has climbed over 120,000 percent from its all-time low, reflecting years of accumulated bullish energy.

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Other performance highlights include:

• Market capitalization near $195 billion, with the $200 billion mark now within striking distance
• Trading volume exceeded $12 billion, more than doubling its recent averages
• XRP’s dominance in the altcoin rally, outperforming Bitcoin (up 6 percent) and Ethereum (up 25 percent) over the past month

Why Is XRP Pumping? Key Drivers Explained

Several factors are fueling this upward charge:

• XRP-focused ETFs are launching throughout July. Firms like ProShares, Grayscale, and Tuttle Capital have received regulatory clearance, adding serious credibility and exposure.
• Regulatory sentiment is shifting in favor of crypto. Policymakers are now sending signals of a more favorable stance, encouraging fresh institutional accumulation.
• Macroeconomic backdrop remains bullish, with equities at all-time highs and Bitcoin recently crossing $123,000, prompting a rotation into altcoins.

Technical Setup and Analyst Predictions

Traders are watching critical technical levels closely:

• Support zones at $2.98 and $2.85 are helping reinforce the current uptrend
• Resistance at $3.40 is the next big test. A clean break above could open the doors to $3.60 or even $4.00 in the short term

Short-term outlooks are optimistic:

• Price targets of $3.40 to $3.60 seem realistic for July
• With continued ETF excitement, some projections go as high as $3.80 by month-end

Institutional Moves and Ecosystem Growth

Big players are stepping in:

• Whale accumulation and futures open interest above $10 billion point to serious institutional confidence
• Ripple’s ongoing partnerships, licensing wins, and tokenization projects, especially in Dubai, are enhancing XRP’s utility and reach in cross-border payments

Watch for This Risk: Overbought Territory

Some caution is warranted. The Relative Strength Index (RSI) is now signaling an overbought condition. This could mean a short-term cooldown is coming. Still, analysts say any dips above $2.85 should be viewed as buying opportunities, thanks to the strong underlying trend.

Quotes from leading analysts:

• “The RSI is flashing overbought, so consolidation is likely. But on-chain data remains bullish.” ,CryptoQuant, July 2025
• “If XRP wins continued institutional adoption, especially as a bridge currency for central bank stablecoins, it’s not unrealistic to see XRP above $6 in the next bull cycle.” ,Fundstrat Global, July 2025

CoinLaw’s Takeaway

I’ve seen XRP fans ride waves of hype before, but this time feels more grounded. With real ETF approvals, surging institutional interest, and regulatory clarity taking shape, XRP’s climb is not just FOMO. It’s strategy, momentum, and market readiness. Sure, a pullback may come, but that’s just part of the game. If you’re watching for the next breakout star, XRP might just be it.