- XRP surged nearly 12% and is flirting with $3, last touched back in 2018.
- Derivatives and whale activity are way up, hinting at strong bullish sentiment.
- Legal clarity + ETF speculation could bring in major institutional flow soon.
XRP’s back in the spotlight—like really back. The token popped nearly 12% in just one day, closing out around $2.85 and brushing up against $2.97 before cooling slightly. That’s a level we haven’t seen since early 2018, so yeah… people are watching closely. With its market cap now over $170 billion, XRP has clawed its way back into the top four cryptos. Big move.
A Close Above $3 Might Change Everything
From a technical angle, XRP didn’t just drift up—it smashed through that stubborn $2.60 resistance. It’s also trading above the upper Bollinger Band, which usually means the momentum is hot, maybe too hot. The RSI? Sitting up at 81.05, so definitely in overbought territory. And the MACD? It’s hinting at a bullish crossover that could strengthen things even more.
The price is floating above all the key EMAs—20, 50, 100, and 200. When that happens, it’s usually a strong sign bulls are in control. If XRP clears the $3 line, price targets at $3.30 and $3.75 are suddenly in play. Not guaranteed, of course… but the setup’s there.
Whales, Derivatives, and ETF Rumors Stir the Pot
On the derivatives side, open interest is now at $7.2 billion, per Coinglass. That’s not small—it’s telling us traders are piling in. Spot volume also hit a record $10.84 billion. Clearly, there’s serious action happening on both sides of the trade.
Whale wallets? They’re holding over $3.8 billion worth of XRP right now, which adds to the whole “something big might be brewing” vibe. And don’t forget Ripple’s RLUSD stablecoin—that’s gaining traction fast, giving the ecosystem more utility, not just hype.
One more piece to this puzzle: the SEC confirmed XRP isn’t a security. That’s huge. Legal clarity like this doesn’t come often in crypto. And with ETF chatter starting to bubble up around XRP, it feels like institutions are circling the water, waiting to jump in.
Final Thought: $3 Is More Than Just a Number
This $3 level isn’t just psychological—it’s historical. It’s where things topped out years ago. Now, with whales loading up, volumes ripping, and regulatory fog lifting, XRP looks like it’s got a real shot at blowing past that ceiling. Whether it holds or fizzles depends on what comes next—but make no mistake, the pressure’s building.
