XRP Price Prediction: XRP Hits 4-Month High—Analysts Forecast Record-Breaking Rally Beyond ATH

XRP burst back into the crypto spotlight on Monday, vaulting past the $2.90 resistance to hit a four-month high of $2.98 amid a sharp 7% surge and renewed institutional momentum.

This advance marks the seventh consecutive day of gains and comes amid increased institutional activity. As of the latest data, the XRP price stands at $2.98, having risen over 32% since the start of July.

Market capitalization swelled by $30 billion over the past week, positioning XRP as the third-largest cryptocurrency. Trading volume also saw a notable spike, hitting 9.44 billion, a sign that large players may be behind the current momentum rather than retail speculation.

Institutional Demand and Regulatory Shifts Fuel Optimism

Multiple factors appear to be propelling the rise in XRP prices. Notably, Ripple’s inclusion of XRP in Grayscale’s Digital Large Cap Fund has added to the growing confidence among institutional investors. The move follows the easing of regulatory hurdles, which had previously kept such products from adding XRP.

XRP was trading at around $2.988, up 7.14% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Further boosting sentiment, ten XRP spot ETF applications are currently under review by U.S. regulators. A decision could come as early as October, creating additional speculation regarding long-term XRP growth.

Ripple has also filed for a national bank charter with the Office of the Comptroller of the Currency. Approval would allow Ripple to function as a federally regulated trust bank—a move that could further legitimize the project.

The broader crypto market has also played a role in XRP’s rally. Bitcoin has broken past $122,000, and Ethereum has reclaimed levels above $3,000. Positive macroeconomic signals and expectations of crypto-friendly U.S. policy have increased investor appetite for altcoins, including XRP.

XRP Price Prediction: Analysts Point to New Highs

Several analysts believe XRP is preparing to enter price discovery mode. Pseudonymous trader Pentoshi stated that XRP’s performance “looks disgustingly good” even when compared against BTC. Pentoshi suggested that the coin could break its previous all-time high of $3.40 within weeks.

Crypto analyst Pentoshi predicts XRP will hit a new ATH within the next two weeks. Source: Pentoshi via X

Technical analyst Alex Cobb echoed this sentiment, forecasting a potential XRP price of $4.35 by the end of July. If accurate, such a move would require nearly 80% gains from current levels.

According to the latest technical data, XRP has established firm support around $2.91. With sustained trading volume exceeding 85 million tokens per hour, the structure appears stable. A breakout past $2.94–$2.95 could open the path to $3.10 and eventually challenge the $3.40 resistance.

On-Chain Metrics Support Bullish Scenario

XRP’s recent breakout also aligns with a broader accumulation trend seen among large holders. On-chain data from Santiment shows that wallets holding between 100 million and 1 billion XRP have accumulated an additional 3.4 billion tokens since July 1.

XRP Supply Distribution chart (100,000,000 coins to 1,000,000,000 coins). Source: Santiment

This uptick in whale activity has raised speculation about a possible breakout to a new all-time high. At present, XRP is testing levels last seen in early March. After clearing the symmetrical triangle resistance, the altcoin displayed resilience by maintaining gains without significant retracement.

The technical structure has also strengthened. A golden cross has formed on the 4-hour chart, with the 20-day EMA moving above the 50-day EMA. The Supertrend indicator has flipped bullish as well, suggesting continued support at lower levels.

XRP Forecast: $4.80 Target in Sight

Technical indicators on the daily chart suggest that XRP could continue its advance. The MACD has turned positive, with a bullish crossover reinforcing upward momentum. The next resistance zone lies between $3.10 and $3.40. A sustained move beyond this range could propel XRP toward $3.84, $4.80, or even $5.50 if current momentum continues.

XRP has completed a complex wave 4 Elliott Wave pattern, with a potential rise to $4.8–$5.5 if momentum continues, though caution is advised as wave 5 may be short-lived. Source: mptrading74675 on TradingView

However, analysts caution that volume-driven moves and leveraged positions could trigger pullbacks. Support levels at $2.70 and $2.30 may come into play if the rally loses steam.

With the CPI data release and heightened market volatility expected in the coming days, price action could become more unpredictable. Yet, growing institutional interest, whale accumulation, and positive sentiment around Ripple’s regulatory positioning keep the bullish case intact.

As the crypto market gains steam, XRP remains a top asset to watch. The potential for a breakout past the $3.40 mark has now become a key focal point for analysts tracking its next move.