XRP About to Refresh ATH!

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XRP has seen a remarkable surge in the cryptocurrency market over the past month, approaching its all-time high (ATH). Its current price is around $3.25, representing a more than 40% increase over the past month. This strong performance for the XRP coin can be explained by a combination of technical and fundamental factors. Here are the key developments and key reasons behind the price increase over the past month:

The biggest factor influencing XRP price movements for a long time has been the litigation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This ongoing case, which has been ongoing since 2020, created uncertainty in the market due to debates about whether XRP is a security. However, the case's decision in favor of Ripple in March 2025, which resulted in a $50 million fine, has boosted investor confidence. Furthermore, the crypto-friendly appointment of Paul Atkins, the new SEC chairman under Donald Trump, has reinforced the perception that the regulatory environment is becoming more favorable for XRP. These developments have increased XRP's potential for institutional adoption, pushing its price higher.

Recently, the possibility of an XRP-based spot ETF (exchange-traded fund) being approved has generated significant market buzz. The filing of XRP ETF applications with the SEC by leading asset management firms like 21Shares, Bitwise, Canary Capital, and WisdomTree has piqued investor interest. According to Polymarket data, the probability of an XRP ETF being approved in 2025 has risen to 70%. ETF approval could increase demand by providing institutional investors with easier access to XRP. Given that Bitcoin and Ethereum ETFs have significantly boosted XRP prices in the past, a similar impact is expected for XRP, and this expectation is supporting the price rally.

Ripple's USD-backed stablecoin, RLUSD, has begun beta testing on the Ethereum network and XRP Ledger (XRPL) after receiving approval from the New York Department of Financial Services (NYDFS). The launch of RLUSD means Ripple is expanding XRP's use cases by offering a less volatile asset in payment systems. Some analysts believe that widespread adoption of RLUSD could increase demand for XRP, as it could serve as a bridge currency in this system. This development has positively impacted XRP's price, particularly in the last month.

XRP's 34% price surge over the past month has also been bolstered by the positive sentiment in the overall crypto market. Bitcoin's continued hold above the psychological level of $110,000 has accelerated capital flows into altcoin markets. According to Santiment data, the number of wallets holding between 10,000 and 100,000 XRP has increased over the past year, reaching 7.34 billion XRP. This demonstrates the continued confidence of large investors, often referred to as whales, in XRP and its accumulation at rock-bottom prices. Furthermore, increased demand for XRP on exchanges like Coinbase has created a FOMO (fear of missing out) effect, particularly among retail investors, pushing the price higher.

From a technical perspective, XRP's price chart has been showing a strong bullish pattern over the past month. The upward breakout of the symmetrical triangle formation occurred particularly in mid-July, when the price broke through the $2.84 resistance level. This breakout led technical analysts to set targets of $3.50 and even $4.47. Experienced analysts like Peter Brandt have stated that XRP is exhibiting a "rare continuation pattern," which carries a 60% upside potential. Furthermore, indicators like the Relative Strength Index (RSI) suggest that while the market is approaching overbought territory, there is still room for upward movement.

According to my chart, the current target is $4.4! My chart is below!

My chart is solely my observation and does not constitute investment advice. Click to follow my analysis on Twitter.

XRP Ledger (XRPL) continues to be a strong alternative in global payment systems thanks to its fast transaction times (3-5 seconds) and low costs (average $0.0002). In the last month, XRPL's collaboration with Wormhole, strengthening its cross-chain interoperability, has expanded XRP's use cases. This could lead to greater adoption of XRP as a bridge currency, particularly for cross-border payments. Furthermore, Ripple's new agreements with financial institutions (particularly in the US, which has increased in the last six weeks) have positively impacted XRP's price, boosting institutional adoption.

XRP's deflationary nature ensures a constant supply reduction due to the burning of a small amount (e.g., 0.00001 XRP) with each transaction. To date, approximately 13.9 million XRP have been permanently removed from circulation. This mechanism, particularly with increasing trading volume, increases XRP's scarcity, supporting long-term price growth. The increased trading volume over the past month ($8.55 billion in 24 hours, $213.4 billion in the last 30 days) has reinforced the positive impact of this deflationary effect on the price.

XRP's surge over the past month can be explained by a combination of factors, including reduced regulatory uncertainty, ETF expectations, the RLUSD launch, whale accumulation, strong technical formations, and developments within the XRPL ecosystem. If the price breaks its current ATH of $3.40, analysts are predicting ambitious targets of $5 or even $15. However, due to the volatile nature of crypto markets and macroeconomic factors (e.g., the US Federal Reserve's interest rate policies), investors should remain cautious. While XRP's current momentum appears to be supported by both technical and fundamental factors, short-term corrections are always possible. Therefore, conducting thorough research and implementing risk management strategies before making investment decisions is crucial. Click here to access our other bullish news article on the rise of PEPE Coin.