For the very first time since January 2018, the official price for an XRP had touched as high as USD 3. The biggest surge of more than 12% within 24 hours had outdone other major altcoins such as Solana and Ethereum.
The trading surged, crossing USD 6 billion within 24 hours. XRP also marched to the top in the market cap ranking and crossed USD 170 billion in total value. This rally indicates renewed interest in the Ripple ecosystem, powered by increasing regulatory clarity.
XRP Price Hits $3 as Volume and Open Interest Spike
What’s Behind the $7.2 Billion Open Interest Surge?
The recent price pump in XRP was concomitant with larger surging open interest in futures, now priced at USD 7.2 billion: a level it last attained six months ago and fairly close to the highs in January of USD 8.3 billion.
CoinGlass data shows a higher climb from USD 5.1 billion to USD 7.2 billion in about 72 hours. The formation wherein the open interest has increased shows that strong institutional bets are being laid down in the market, increasing leverage.
A majority of these positions are on Binance, Bybit, and OKX. Such levels of open interest usually accompany large price moves, especially when acting conjointly with high volume. Funding rates are neutral or slightly positive, so this implies that the rally is not really in bubble territory.
Can XRP Price Hold $3 and Move Higher?
XRP touched the USD 3 resistance mark for the first time. But can it maintain above it in the next few days? Technical analysis charts suggest this could be a trending market move. If the price consolidates around USD 2.95-3.00, the next resistance zones under consideration could be around USD 3.38 and USD 3.84. This latter figure represents the all-time high from the 2018 crypto bull run.
According to analysts, XRP is creating the structure of a bullish pennant. The pattern that gets completed normally leads to breakouts to much greater targets. Remember that stabilising above USD 3 might trigger new rallies in case investor flows continue on the uptrend.
XRP Sees Strong Institutional Flow and Volume Growth
Institutional interest in XRP is on the rise. Trading desks and crypto funds are moving capital from Bitcoin and Ethereum onto altcoins like XRP. The hourly volume data indicated well over 176 million XRP tokens traded every hour since 26 June. This is more than double that of the 30-day average of 78 million tokens per hour.
An increasing volume associated with rising price validates bullish strength and suggests a healthy market environment with unfavourable factors prevailing over short-term sellers. XRP’s Relative Strength Index (RSI) is elevated but not overbought; hence, there is another opportunity for further upside.
Will XRP Retest Its All-Time High of $3.84?
Hitting the mark of USD 3, several investors have set their sights on the all-time high of USD 3.84. It was last set way back before going into deep hibernation for over seven years, late into the 2018 cycle.
According to the predictions exhibited by the Elliott Wave theory, possible targets of USD 6.27, USD 8.97, and even USD 15 stand tall. These targets would come into play after a confirmed rally in wave five, a phase where many two-stage bull runs find their zenith.
Failure to hold above USD 3 would threaten a short-term setback. Support levels near USD 2.85–2.90 shall be watched keenly during any pullbacks by traders. The exceptant period just refuses to see the dark side with Ripple’s legal matter coming to a complete closure in U.S. courts.
Final Take: XRP Hits $3, Sets Bullish Tone for Q3
Investor sentiment is definitely and firmly bullish around the XRP price today. It forming USD 3 for the first time since 2018 remains a huge technical milestone.
Open interest at USD 7.2 billion speaks of very strong institutional conviction. If sustained, the current rally could see XRP heading to USD 3.38 and USD 3.84 over the coming weeks.
Momentum continues to gain in volume, with funding rates turning more robust and with technical setups becoming more positive. Long-term holders see this as a sign that XRP could rewind its way onto the list of the top-performing digital assets.
Risks, however, remain through sudden liquidation events triggered by a fresh round of high leverage. But as of now, the second half of 2025 looks stout for XRP.
Also Read: ASX 200 Tumbles: What’s Triggering the Market Sell-Off?
Key Takeaways: XRP Price Action and Future Prospects
- XRP price peaked at $3, this being the price reached last time in January 2018
- Open interest surged to $7.2 billion and was near record levels
- Volume has exceeded $6 billion in the last 24 hours
- Bullish short-term targets are $3.38 and $3.84
- Institutional interest is growing with the legal clarity surrounding Ripple
- Investors are now eyeing a clean breakout above $3
