TLDR
- XRP surpassed $3 in a historic move, marking its highest valuation since January 2018
- Trading volumes exceeded $12 billion as institutional and retail interest converged
- XRPL ecosystem showing strength with meme coins ARMY, PHNIX, and LIHUA posting major gains
- The price surge represents a 480% increase from November 2024’s $0.50 level
- Market data shows strong support forming around $2.80-$2.90 range with $3.70 as next target
The cryptocurrency market witnessed a historic moment today as XRP breached the $3 price level, establishing a new seven-year high amid surging trading volumes and renewed market optimism.
Data from leading cryptocurrency exchanges shows XRP touching $3.02 during peak trading hours, with consolidated 24-hour volume exceeding $12 billion. The move represents a complete recovery from November 2024’s $0.50 price point, marking a 480% increase over three months.
Market participants noted particularly strong buying pressure across Asian exchanges, where trading pairs denominated in local currencies showed premiums of up to 2% compared to USD markets. This regional variation suggests growing retail participation in emerging markets.
The XRPL ecosystem demonstrated impressive strength beyond the primary asset’s price action. The network’s native meme token ARMY achieved a new all-time high market capitalization of $107 million, gaining 30% in a single trading session.
Secondary meme coins PHNIX and LIHUA also posted notable gains, with combined trading volumes approaching $1 million over 24 hours. Their respective market caps reached $45.6 million and $35.4 million, highlighting growing interest in XRPL-based assets.
Technical analysis reveals strong support forming in the $2.80-$2.90 range, with substantial bid walls visible on major exchange order books. Traders have identified $3.70 as the next key resistance level, corresponding to the Fibonacci 1.272 extension from the November low.

The price surge follows an extended period of consolidation below $3, during which XRP tested the resistance level multiple times. Today’s breakthrough came after three consecutive days of gains, starting with a 10% increase last Saturday.
Market data indicates institutional involvement has increased, with derivatives markets showing growing open interest in XRP futures and options contracts. Several large block trades were recorded on regulated exchanges, suggesting professional trading firms are taking positions.
Network metrics support the price action, with the XRP Ledger reporting record levels of account activations and transaction volume. Daily active addresses reached new highs, indicating broader adoption beyond speculative trading activity.
The recent performance has elevated XRP to third place in global cryptocurrency rankings by market capitalization. Trading pairs across spot exchanges show deepening liquidity, with bid-ask spreads tightening to levels last seen during the 2021 bull market.
Observers note that the current rally differs from previous attempts to break $3, pointing to more diverse market participation and stronger fundamental metrics. Exchange flow data shows a decrease in selling pressure from long-term holders.
The breakthrough comes as the broader cryptocurrency market experiences increased trading activity. However, XRP’s 15.54% daily gain stands out among top-tier assets, ranking as the highest 24-hour increase among the top 10 cryptocurrencies.
Chart analysis suggests the recent move could extend further if buyers maintain control above $3. The daily Relative Strength Index remains below overbought territory despite the sharp price increase, indicating potential room for continuation.
Order book data reveals growing support below current prices, particularly in the $2.80 to $2.90 range. This accumulation zone could provide a floor for any short-term retracements, according to market technicians.
The assets’ trading patterns show increasing correlation with traditional market hours, suggesting greater participation from institutional investors operating during standard market sessions.
Volume analysis indicates healthy distribution across multiple exchanges, reducing the risk of price manipulation through concentrated trading activity. Binance, Bitstamp, and Kraken account for balanced shares of total volume.
The XRPL ecosystem continues to expand, with new projects launching despite regulatory uncertainty. Development activity metrics show sustained growth in network utilization and smart contract deployment.
Price discovery above $3 represents uncharted territory for XRP since January 2018, when it briefly touched an all-time high of $3.31. Current prices remain approximately 10% below that historic peak.
Exchange data shows decreased leverage in the system compared to previous price surges, suggesting a more sustainable advance based on spot buying rather than derivative speculation.
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