Ripple (XRP) Is Reaching Levels It Hasn’t Reached in Almost 7 Years, How Close Is the Top?

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Ripple (XRP) has surged to levels not seen since early 2018, capturing the attention of investors and crypto enthusiasts alike. After reaching a peak of $2.82 in November, XRP marked its highest value in nearly seven years, pushing its market capitalization past $140 billion and securing a spot among the top three cryptocurrencies by market cap—briefly surpassing both Solana and Tether. With momentum building, all eyes are on whether XRP can finally break through its all-time high of $3.40, set during the 2018 bull run.

XRP Approaches Historic Resistance Levels

Over the past week, XRP climbed to $2.82, a psychological and technical milestone not touched since January 2018. This rally comes amid growing optimism surrounding Ripple Labs’ ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). As the case nears a potential resolution, market sentiment has shifted dramatically in favor of regulatory clarity for XRP.

The token’s price has skyrocketed over 370% in just one month, signaling strong investor confidence and renewed institutional interest. Analysts attribute this surge to several converging factors: anticipated changes in U.S. crypto policy, expectations of Gary Gensler’s departure as SEC chair, and the possibility of a more crypto-friendly administration taking office.

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Another key driver behind XRP’s rally is the growing speculation around an XRP-based exchange-traded fund (ETF). Major asset managers—including Bitwise, 21Shares, Canary Capital, and WisdomTree—have reportedly filed preliminary applications for an XRP ETF. If approved, such a product could open the floodgates to mainstream investment, similar to what occurred with Bitcoin ETFs earlier in 2024.

On-chain data further supports bullish sentiment. Wallets holding between 1 million and 10 million XRP tokens have collectively purchased approximately 679 million XRP—worth over $1.66 billion at current prices. This accumulation by mid-tier "whales" coincides with a record increase in active addresses, now exceeding 5.5 million non-empty wallets.

Despite these positive indicators, XRP faces strong resistance near $2.85. A breakout above this level could confirm a “rounded bottom” reversal pattern on weekly charts, potentially paving the way toward retesting its all-time high of $3.40.

Can XRP Break Its All-Time High?

As of now, XRP trades around $2.41, still about 28.6% below its 2018 peak. While short-term volatility may trigger pullbacks, long-term outlooks remain optimistic. Technical analysts suggest that if buying pressure continues, XRP could surpass $2.85 and target a new price target of $3.57.

Open interest in XRP futures contracts has also been rising—a clear sign that more capital is entering the market through leveraged positions. This increasing participation from derivatives traders often precedes significant price movements.

Even with Ripple’s scheduled release of 500 million escrow-held XRP coins each month, demand appears strong enough to absorb the supply influx. Combined with ETF speculation and improved regulatory visibility, these fundamentals suggest that investor appetite for XRP is far from saturated.

However, caution remains warranted. Rapid gains often lead to profit-taking, and broader market corrections could temporarily stall momentum. Still, given the confluence of favorable developments, many experts believe XRP is well-positioned for another leg upward.

Frequently Asked Questions

Q: What is XRP’s all-time high price?
A: XRP reached its all-time high of $3.40 in January 2018 during the previous crypto bull market.

Q: Why is XRP rising now?
A: The surge is driven by potential resolution of the SEC lawsuit, expectations of a U.S. crypto-friendly administration, growing ETF speculation, and strong on-chain accumulation by whales.

Q: Is an XRP ETF likely to be approved?
A: While no approval has been confirmed, multiple major asset managers have filed proposals. With shifting regulatory attitudes expected under a new administration, chances appear to be improving.

Q: How does Ripple’s monthly escrow release affect XRP price?
A: Ripple releases up to 500 million XRP monthly from escrow, but much of it goes unused or is returned. Recent demand has absorbed this supply without significant downward pressure.

Q: What technical pattern is forming on XRP’s chart?
A: A “rounded bottom” reversal pattern is developing on the weekly chart. A confirmed breakout above $2.85 could signal a move toward $3.40 or higher.

Q: Where can I track XRP price and market data?
A: Reliable platforms like CoinMarketCap and CoinGecko provide real-time tracking of XRP’s price, volume, and market cap.

Emerging Opportunity: Real-World Asset Tokenization Gains Momentum

While XRP dominates headlines, another trend is quietly reshaping the crypto landscape—real-world asset (RWA) tokenization. Projects like Rexas Finance (RXS) are pioneering platforms that allow fractional ownership of high-value assets such as real estate, gold, and fine art using blockchain technology.

Since launching its presale on September 8, Rexas Finance has raised over $22.7 million**, selling 305 million RXS tokens at $0.125 each in Stage 9. The token has already appreciated 316%** from its initial Stage 1 price of $0.03, with further gains expected as the presale approaches its final phase.

Rexas Finance stands out due to its inclusive ecosystem design:

The project has gained credibility through a Certik audit, ensuring smart contract security and reducing vulnerabilities. Its listing on CoinMarketCap and CoinGecko has further boosted visibility and investor trust.

Notably, Rexas Finance avoided venture capital funding in favor of a fully public presale—emphasizing decentralization and community-driven growth. This approach has resonated strongly with retail investors seeking fair launch opportunities.

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Additionally, participants in the ongoing **$1 million giveaway campaign** have a chance to win $50,000 worth of RXS tokens by ranking among the top 20 contributors—a clever incentive driving engagement and momentum.

Once the presale concludes, RXS is expected to list on at least three tier-1 cryptocurrency exchanges at a starting price of $0.20, offering early backers substantial upside potential. Some analysts project gains of up to 5,000% post-listing, positioning RXS as one of the most promising RWA plays in the current market cycle.

Final Thoughts

XRP’s remarkable rebound to seven-year highs reflects renewed confidence in its long-term viability amid evolving regulatory dynamics and growing institutional interest. While challenges remain, the path toward reclaiming its all-time high looks increasingly plausible.

At the same time, innovative projects like Rexas Finance highlight how blockchain is expanding beyond speculative assets into tangible value creation through RWA tokenization. As both narratives gain traction—regulatory clarity for established cryptos and real-world utility for emerging ones—the crypto ecosystem enters a new phase of maturation.

Whether you're watching XRP's push toward $3.40 or exploring next-gen opportunities like RXS, now is a pivotal moment for strategic positioning in digital assets.

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