XRP Soars to $3.65; Analysts Predict Rally to $16
XRP price has surged to a record $3.65, marking the latest leg in the XRP rally. The token overtook USDT to become the third-largest cryptocurrency, with a market cap near $208 billion.
An ascending channel on XRP’s weekly chart signals strong bullish momentum for the XRP rally. After breaking the lower trendline, XRP reached its new peak and follows a pattern of higher lows and highs since 2024.
Analyst John Squire notes a similar 36-week pattern that previously delivered 6× gains. Crypto analyst Steph Is Crypto forecasts a rally to $16 by September—a 338% jump—if broader market support continues.
To mirror this rally, XRP would need a $1.2 trillion market cap—three times Ethereum’s valuation—and sustained buy-side liquidity in the hundreds of millions. Currently, a 2% price move on Binance requires over $12 million in buy orders.
Trading volume dipped 15% in 24 hours as XRP consolidates near current levels. Traders should watch for volume spikes and trendline retests to time entries. Institutional demand may grow after Thumzup Media’s $250 million crypto investment, including XRP, ETH, SOL, DOGE and LTC, while analyst Lark Davis warns cap and liquidity barriers could limit upside beyond $4.5.
Bullish
Record highs, bullish chart patterns and strong institutional interest signal further upside for XRP. Short-term pullbacks may occur due to liquidity hurdles and volume dips, but the ascending channel and 36-week pattern support a sustained rally. Traders should monitor buy-side liquidity, volume spikes and trendline retests for entry points, while large-scale investments like Thumzup Media’s $250 million allocation reinforce mid- to long-term bullish momentum.