XRP price today jumped to its highest level in more than four months, climbing 6% to $2.98 as institutional buyers stepped in during early Monday trading. The rally pushed the digital asset through a critical $2.84 resistance level that had capped gains for weeks.

Let's check why XRP is surging today and what are the newest XRP price predictions for 2025 and beyond.

XRP Is Surging Today, Testing March 2025 Levels

At the time of writing, one XRP is trading at $2.96, with the intraday high reaching $2.98. The token is up 4.2% today, marking its seventh consecutive session of gains. Since the beginning of the month, XRP has risen by more than 32%.

Trading volume jumped to 9,44 billion, suggesting large investors were behind the move rather than retail speculation. XRP's market value swelled by $30 billion over the past week, helping it reclaim the third-largest cryptocurrency position globally.

The price surge comes after XRP broke out of what technical analysts call a descending triangle pattern - a chart formation that often signals the end of a downtrend. The token has been testing these higher levels since hitting $2.97 earlier this month, marking its strongest performance since March.

Why Is XRP Price Going Up? Institutional Interest Builds

The recent price action appears driven by more than just technical factors. Grayscale added XRP to its Digital Large Cap Fund for the first time since regulatory restrictions were lifted, signaling growing institutional acceptance. Ten XRP spot exchange-traded fund applications are currently pending with U.S. regulators, with decisions expected as early as October.

Ripple, the company closely associated with XRP, has also applied for a national bank charter with the U.S. Office of the Comptroller of the Currency. If approved, this would allow Ripple to operate as a federally regulated trust bank.

Geopolitical developments, investor expectations regarding the U.S. economy, and the future path of interest rates are also playing a key role. XRP's rally, like that of many altcoins, is being driven in part by a new all-time high on Bitcoin, which has broken above the $120,000 mark. Forecasts suggest it could reach as high as $200,000 by the end of the year.

Investors are snapping up nearly all major altcoins. Ethereum is trading above $3,000—its highest level since January—while Dogecoin is climbing past $0.20, gaining around 6% on the day.

XRP Price Predictions: Analysts Target Record Highs

Several market watchers now believe XRP could push toward new all-time highs in the coming weeks. Pseudonymous analyst Pentoshi, who has 870,600 followers on social media platform X, told his audience that XRP's chart "looks disgustingly good even on the BTC pair".

"This is probably going to do price discovery in the next two weeks as well, in my opinion," Pentoshi wrote, suggesting the token could break above its previous record near $3.40.

Another analyst, Alex Cobb, went further with his prediction, claiming XRP could reach $4.35 by the end of July - which would represent a new all-time high. That target would require an additional 79% gain from current levels.

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Technical Picture Remains Bullish for XRP

From a technical standpoint, XRP held above $2.91 during the final hour of trading, forming what analysts describe as a healthy consolidation after the sharp morning rally. The token needs to clear the $2.94-$2.95 area to open up targets at $3.10 and eventually $3.40.

Trading volume remained elevated at around 85 million tokens per hour during the session close, indicating sustained interest from institutional players. Analysts say continued volume above 100 million per hour would confirm institutional follow-through.

The $2.91-$2.92 zone now serves as immediate support, with a breakdown potentially inviting a retest of the $2.84 breakout level. However, the overall structure remains bullish with rising higher lows and sustained volume backing the move.

XRP's recent strength has outpaced most other major cryptocurrencies , making it the second-largest gainer among the top 10 digital assets. The token has gained approximately 25% over the past week alone.

XRP News FAQ

Why is the XRP price going up?

XRP's recent price surge stems from several key catalysts working together to drive institutional and retail interest. The digital asset has been climbing steadily, breaking through multiple resistance levels as market conditions align favorably. Institutional validation represents the most significant driver behind XRP's upward momentum, with Grayscale's addition of XRP to its Digital Large Cap Fund marking the first time since regulatory restrictions were lifted that a major institutional player has embraced the token.

How much will 1 XRP be worth in 2030?

XRP price predictions for 2030 vary significantly depending on the forecasting model and assumptions used, with conservative estimates placing XRP between $3.77 and $8.40 by 2030, while more optimistic projections reach into the hundreds of dollars. Several mainstream forecasting platforms provide relatively modest projections, including Kraken's $3.77 based on 5% annual growth and CoinCodex's $8.40 representing a 212% gain from current levels. Mid-range predictions factor in increased adoption and regulatory clarity, with CoinDCX suggesting a $90 to $120 range reflecting XRP's potential as a key player in the global financial ecosystem.