TLDR
- XRP dropped 10% in 24 hours but experts believe it can still surpass its 2018 all-time high of $3.84
- XRP broke out of a bullish flag pattern on weekly charts, trading around $3.50 with analysts targeting $15
- Whale investors placed multi-million dollar long positions near $3.44, showing institutional confidence
- MVRV golden cross signal appeared, which previously preceded a 630% XRP rally
- Over $1 billion in XRP transferred recently with futures open interest reaching $9.98 billion
XRP price has experienced a 10% decline over the past 24 hours but remains positioned for potential growth according to market analysts and on-chain data.
The token is currently trading at approximately $3.21, down from its recent year-to-date high of $3.66 reached last Friday. Despite this pullback, XRP has not yet retested its all-time high of $3.84 from January 2018.
Bitpanda deputy CEO Lukas Enzersdorfer-Konrad told reporters that a move beyond the current all-time high would not be surprising if market conditions remain favorable. He noted that XRP’s performance depends heavily on the broader altcoin market momentum.
The cryptocurrency broke out of a bullish flag pattern on the weekly chart according to crypto analyst Ali. This technical formation often precedes upward price movements.
XRP price pushed past $3.50, confirming the breakout after weeks of sideways accumulation. The stability following the rally indicates sustained buying interest from investors.
Whale Activity Shows Growing Confidence
Large investors have been making moves in XRP markets. Two whale positions worth $1.02 million and $1.31 million were placed near the $3.44 level.
XRPScan data shows over $1 billion in XRP has been transferred in recent weeks. Additionally, 2.2 billion XRP moved into large wallets during this period.
Futures open interest has climbed to $9.98 billion while perpetual futures reached a record $10.98 billion. These figures suggest institutional traders are positioning for potential price movements.
The increased activity comes as Bitcoin dominance dropped 5.41% over the past 30 days. This shift often indicates capital rotating from Bitcoin into alternative cryptocurrencies.
CoinMarketCap’s Altcoin Season Index changed from “Bitcoin Season” to “Altcoin Season” on Sunday. The index measures market appetite for Bitcoin versus altcoins.
XRP Price Prediction
Market analyst Martinez highlighted the MVRV golden cross signal appearing for XRP. This indicator previously preceded a 630% rally in past cycles.
The last time the MVRV ratio flashed a golden cross, $XRP soared 630%. That signal just appeared again. pic.twitter.com/hatA0Jfvt2
— Ali (@ali_charts) July 17, 2025
The MVRV ratio measures market value against realized value. When it triggers a golden cross, it suggests investor confidence is strengthening.
XRP is holding above the 50-day exponential moving average, which reinforces bullish sentiment. The relative strength index has cooled to neutral territory near 50.
A neutral RSI typically means the asset is neither overbought nor oversold. This positioning could allow for further upward movement.
Some analysts believe XRP price could reach between $7 and $10 depending on broader market conditions. More optimistic targets suggest the token could approach $15 or even $21 under favorable circumstances.
Enzersdorfer-Konrad emphasized that XRP tends to be highly sensitive to broader altcoin sentiment and regulatory developments. The key factor to watch is whether momentum spreads across other altcoins or remains concentrated.
Last week saw $36.1 million flow into XRP-linked investment products according to CoinShares data. These inflows suggest institutional players view XRP as a credible long-term investment.
XRP was trading at around $3.44 at recent press time, representing a 1.37% decline in the last 24 hours according to market data.
