XRP, the native token of the Ripple network, has been gaining momentum recently, buoyed by overall market strength and renewed investor confidence.
According to Crypto.news market data, XRP is currently trading at $3.25. The token has posted a modest 24-hour gain of 0.92%, but its weekly performance has been notable—up roughly 8% over the past week and 17% from this month’s low.
Earlier, XRP reached an intraday high of $3.35 before settling back into the $3.20 range. Its market capitalization now stands at $192.2 billion, while daily trading volume has jumped 22% to $10.3 billion, signaling robust investor activity.
Why is XRP climbing?
XRP’s recent price surge is being fueled by several positive factors. The broader cryptocurrency market is in an uptrend, with Bitcoin, Ethereum, and multiple altcoins recording fresh gains.
A significant boost came from Ripple’s resolution of its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC), eliminating years of uncertainty surrounding the asset. This development has reignited investor confidence, prompting major holders and whales to increase their positions.
Market data indicates that whales have purchased over 900 million XRP in recent days. This marks a notable turnaround from last week’s outflows from large wallets, highlighting renewed conviction in the token.
Adding further momentum to the bullish sentiment, Nasdaq-listed energy solutions company VivoPower recently announced a treasury strategy focused on XRP, planning to acquire up to $100 million of the token in the coming months. At the same time, growing excitement over a potential XRP ETF is fueling optimism, with some analysts estimating a 95% chance of regulatory approval and launch this year—an event expected to serve as a major catalyst for the token.
With momentum building, the market is now watching closely to see what comes next for XRP.
What’s next for XRP price?
From a technical perspective, XRP is showing a bullish trend. On the daily chart, the token is trading above all major moving averages. The first key support to monitor is the 20-day EMA at $3.14, followed by the 50-day EMA at $2.93. Longer-term support levels are provided by the 100-day and 200-day EMAs at $2.69 and $2.42, respectively, indicating that the broader uptrend remains intact.
Over the past week, XRP has been trading sideways between $3.20 and $3.40, with the $3.35–$3.40 range acting as a key resistance zone. A successful break above this level could open the way for targets at $3.60 and potentially July’s high near $3.75.
The daily RSI sits at 56.9—above the neutral 50 mark but still below overbought territory—indicating there is room for further gains if buying pressure continues.
Derivatives data also supports the bullish outlook. Coinglass reports that XRP futures volume surged 29% to $14.12 billion, with open interest up nearly 6% to $8.83 billion. Options activity has spiked even more, with volume climbing over 250% to 10,560 contracts and open interest rising 64% to $2.02 million.
This uptick in leveraged positions suggests traders are bracing for larger price swings in the near term. Maintaining support above $3.20 keeps XRP’s outlook positive, while a decisive move past $3.40 would signal potential for further rally. On the downside, a drop below $3.20 could see the price retesting $3.00 or even the $2.90–$2.80 range.
