XRP is back in the spotlight this week after a strong rally pushed its price to $2.77, up more than 7% in the last 24 hours. The token briefly touched $2.96 earlier today, its highest level in four months and now, market watchers say the next big move may come fast.
“Don’t be surprised if you wake up randomly this week and $XRP is $4+,” said crypto analyst Edoardo Farina, hinting at a potential breakout that could push XRP past its 2018 all-time high of $3.84.
If that happens, XRP would gain nearly 50% from current levels. It’s a bold call, but one that’s gaining support as momentum builds across the broader crypto market.
XRP Surges While Altcoin Season Hasn’t Even Started
Despite the rally, most analysts agree that altcoin season hasn’t officially begun. The Altcoin Season Index currently sits at 28 out of 100, suggesting Bitcoin is still leading the market.
That makes XRP’s current 25% weekly gain even more notable. If this is how it’s performing before the altcoin wave hits, many believe the upside could be much higher once the full cycle kicks in.
Ripple’s RLUSD Stablecoin Is Driving Fresh Optimism
Adding to the excitement is Ripple’s recent progress with RLUSD, its new stablecoin. Last week, Ripple named BNY Mellon, the oldest U.S. bank, as the official custodian for RLUSD reserves.
Ripple is also working to secure a national bank license and a Federal Reserve master account, which could give RLUSD a major advantage in the regulated stablecoin space.
RLUSD has now crossed $500 million in market cap, becoming the eighth-largest stablecoin, and it runs on the XRP Ledger. Since XRP is used to pay transaction fees, this is directly boosting its utility.
ETF Launches Coming This Month
The XRP rally is also being powered by ETF developments. Several futures-based XRP ETFs are set to launch in July:
- ProShares will release three products by July 14
- Turtle Capital’s 2x Long XRP ETF launches on July 21
- Volatility Shares also plans to debut two XRP ETFs the same day
At the same time, over 10 spot ETF applications are still under review by the SEC. While none have been approved yet, the growing interest is pushing confidence higher.
Whale Activity Hits Record Levels
Behind the scenes, XRP whales are making big moves. Data from Santiment shows there are now 2,742 wallets holding at least 1 million XRP, just one wallet short of the all-time high.
Together, these large holders now control over 47.32 billion XRP, which is a sign of rising long-term confidence in the token.
“Going All-In on XRP Should Be a Priority,” Says Analyst
Well-known crypto commentator Oscar Ramos says investors shouldn’t take this momentum lightly. According to him, XRP should be a top priority in any portfolio right now, especially with Bitcoin recently hitting an all-time high of $118,800 and the altcoin market picking up speed.
Ramos isn’t alone. Influencer Alex Cobb has predicted XRP could reach $22.50 by December, pointing to strong market structure and growing demand.
Between its price rally, ETF launches, whale accumulation, and Ripple’s stablecoin push, XRP is showing strength on multiple fronts.
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Whether it hits $4 this week or not, the market is watching XRP closely. This is an interesting one to follow!
FAQs
XRP’s price is up today due to a combination of factors: it has broken key technical resistance levels, optimism surrounding Ripple’s RLUSD stablecoin, upcoming XRP ETF launches in July, and significant accumulation by large XRP holders (whales).
Ripple’s new RLUSD stablecoin (custodied by BNY Mellon and nearing a national bank license) has a market cap over $500 million. As RLUSD uses the XRP Ledger for fees, its growth directly boosts XRP’s utility and optimism.
No, most analysts agree altcoin season hasn’t officially begun. The Altcoin Season Index is at 28/100, indicating Bitcoin is still leading. XRP’s strong performance before altseason makes its current rally particularly notable.
