Key Insights:
XRP must flip $3 into support to unlock a path to $3.40 and possibly new all-time highs.
Whale accumulation and rising futures open interest support a bullish continuation.
Support at $2.65 and EMA levels offer great zones to watch in case of pullback.
XRP has been making waves in the crypto market lately, after staging an impressive rally that brought it just above the $3 mark for the first time in five months.
While the altcoin has since pulled back slightly, analysts and traders are still optimistic. They believe that a confirmed breakout above $3 could set the stage for a powerful surge to new all-time highs.
Here’s a closer look at XRP’s position in the market and why the $3 zone is so important.
XRP Rally Stalls at $3 Resistance
XRP’s recent rally, which began on July 8, saw the price jump by nearly 33% in less than a week. The move peaked on Monday when XRP touched $3.03, but the bullish momentum met resistance at this psychological level.
By Tuesday, XRP had dropped about 7.6%, before hitting an intraday low of $2.80
Historically, the $3 level has proven difficult for the token to break. Each time the asset has approached or broken above this mark, it has struggled to maintain upward momentum. For example, in March, XRP reached this level only to fall 46% in the weeks that followed.
By the end of April, XRP was trading at a $1.61 bottom.
This pattern has further strengthened the idea that $3 is not just another number. It’s a major inflection point for the asset in terms of price action.
Why Breaking $3 Matters
According to recent insights from Crypto analyst CasiTrades on X, flipping the $3 price level into support is very important for XRP to gain higher ground. The analyst pointed out that the $3 aligns with the 0.118 Fibonacci retracement level from $3.40, which represents XRP’s current all-time high.
🚨XRP Breaks $3 – Next Stop: New All-Time Highs? 🚨
Over the weekend we saw a perfect back-test of the $2.69 macro fib and now #XRP is testing the macro $3.00.🎯It’s amazing to be zoomed-in and seeing this playing out with precision! Behavior is exactly what we’d expect to see… pic.twitter.com/OLY29Y2vo2
— CasiTrades 🔥 (@CasiTrades) July 14, 2025
According to this analyst, once XRP convincingly clears $3 and confirms it as a support level through a retest, the price could quickly run toward $3.40 and even higher.
The sentiment is echoed by other market players, who believe that a breakout past $3.40 could trigger a fast rally that takes XRP into price discovery mode.
XRP Liquidation Heatmaps Highlight Resistance Zones
Data from CoinGlass shows some more interesting trends for the Ripple token. For example, the Binance XRP/USDT liquidation heatmap shows that there is currently a dense concentration of leveraged positions just above $3.04.
These clusters act as liquidity magnets, where price moves tend to occur due to the forced closure of short positions.
Put simply, if XRP breaks past $3.04, it could trigger a liquidation squeeze and drive the price quickly towards the next liquidity zone around $3.14. XRP has only a few obstacles beyond this point, and could be on a path towards $3.40 or possibly even higher.
Open Interest and Whale Activity Show Continued Bullishness
Derivatives data also paints a promising picture. According to the aggregate futures open interest (OI) for XRP, this metric has surged to $8.11 billion, and is up 121% since June 23.
This brings the cryptocurrency within striking distance of the all-time OI peak of $8.33 billion from January. The increase in leveraged positions indicates that trader interest is on the rise, and confidence in the current trend is strong.
Meanwhile, on-chain data from Santiment shows that there is a sharp upswing in whale accumulation for the token. The number of wallets holding over 1 million XRP has hit a new record of 2,743 on Friday.
This rise in whale activity shows that even the large holders are setting themselves up for an incoming surge towards $4 or even higher.