XRP Price Prediction: After Skyrocketing 24% to New All-Time High This Week – What’s Next?
2025-07-19 12:33:25
Main Idea
XRP's price surged 24% to a new multi-year high of $3.27, driven by the ProShares Ultra XRP ETF listing and technical breakout patterns, with analysts predicting further gains up to $22.
Key Points
1. XRP's price surged 24% this week, reaching a multi-year high of $3.27, with its market cap surpassing $190 billion.
2. The rally coincided with the NYSE listing of the ProShares Ultra XRP ETF on July 18, the first XRP-linked exchange-traded fund.
3. Technical analysis indicates a seven-year triangle breakout, with Fibonacci extensions suggesting potential targets of $4.70, $5.77, and $6.48.
4. Historical cycle analysis suggests XRP could reach $22-23 by August 1, based on patterns similar to the 2017-2018 rally.
5. Perpetual futures open interest hit a record $8.8 billion, representing nearly 2.9 billion XRP in leveraged contracts.
Description
XRP has delivered a stunning 24% surge this week, reaching new multi-year highs of $3.27 and pushing its market capitalization past $190 billion for the first time . The explosive rally coincided with the NYSE listing of ProShares Ultra XRP ETF on July 18, marking the first XRP-linked exchange-traded fund to trade on a major U.S. exchange. XRP is currently trading at $3.25, and sits just 15% below its all-time high of $3.84 set in January 2018. Notably, perpetual futures open interest hit a reco...
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