- XRP price has gained 5% to hit $2.50, its highest level in nearly two months.
- Ripple’s token appears poised to challenge its 2025 high of $3.40.
- A breakout could potentially bring the all-time high of $3.84 into view, though support lies around $2.29 and $2.10.
Ripple’s XRP posted a strong uptick as the cryptocurrency market witnessed a fresh dose of optimism amid Bitcoin’s surge to a new all-time high above $113,718.
Bitcoin’s rally, which saw the benchmark digital asset trade more than 4% in the past 24 hours, saw Ethereum (ETH), Solana (SOL), and BNB (BNB) hit key price levels. Amid this bullish wave, XRP broke to $2.5, reaching its highest level since May 2023.
This uptick, bolstered by fundamental developments and Ripple CEO Brad Garlinghouse’s recent Senate testimony, has sparked speculation about a potential breakout above $3, with analysts eyeing a new all-time high for XRP.
XRP price: bulls reach $2.5
XRP has surged to $2.50, marking a 5% increase in the last 24 hours and a nearly 11% gain in the past week. The altcoin’s upward momentum saw it reach its highest price since May 2023, when it traded above $2.58.
Gains on the day come as the broader cryptocurrency market rides a fresh wave of bullish sentiment. As noted, Bitcoin’s new peak above $113k has seemingly set the tone for altcoin rallies.
ETH and SOL have posted gains of 5% to 6%, while BNB is looking to follow suit with a 2% uptick in the last 24 hours.
Ripple’s strategic advancements, including its application for a US banking license and a partnership with BNY Mellon to custody Ripple’s USD-backed stablecoin, RLUSD, have buoyed XRP price.
Additionally, Garlinghouse’s testimony before the US Senate Banking Committee on July 9, 2025, where he emphasized regulatory clarity for digital assets, has reinforced XRP’s position as a major crypto market player.
Ripple price prediction: Is XRP set for new all-time high?
As altcoins stack gains, analysts are increasingly optimistic about an altseason.
XRP’s trajectory, with derivatives markets signaling strong bullish momentum and key fundamental milestones, could rally hard.
According to Coinglass, XRP’s futures open interest has surged to $5.89 billion, up 6%. Growing investor confidence and speculative bets on further price increases have also seen the derivatives volume surge over 27% to $9.84 billion.
On the technical front, XRP’s chart shows promising signals.
The daily chart shows the Relative Strength Index (RSI) at 69, indicating strong buying pressure.
While it is upsloping, the RSI has not pierced into the overbought territory. Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover, suggesting upward momentum.
If upside strength holds, a break to resistance at $2.70 will bring $3.00 into play. The all-time high of $3.84 will be the next target. On the flipside, the critical support area is at $2.29 and $2.10.
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