Ripple’s XRP token is displaying one of its most significant rallies in recent years. The popular cryptocurrency has rallied 7.2% in the daily charts, 29.9% in the weekly charts, 38.2% in the 14-day charts, and 40.7% over the previous month, as CoinGecko reveals. The asset has also risen by a massive 415.1% since July 2024. The third-largest cryptocurrency by market cap is just 7.5% away from its all-time high of $3.40. XRP hit its peak in January of 2018, more than seven years ago.
Is XRP On Its Way To A New All-Time High?
2025 has been an incredible year for Ripple’s popular token. The asset breached the $3 mark for the first time in seven years, earlier this year in January. The rally came after the SEC vs. Ripple lawsuit was hinting at an end. The lawsuit was finally settled in March of this year. The settlement of the suit was one primary reason behind XRP’s incredible rally in 2025.
XRP’s latest rally follows a market-wide upswing. The cryptocurrency market witnessed a substantial rebound after Bitcoin (BTC) climbed to a new all-time high of $122,834 on July 14. BTC’s rally may have led investors to take a bullish stance.
Also Read: Your $1K In Ripple (XRP) Could Explode—If It Hits $5 Or $10
XRP could face some resistance at the $3.20 level. Breaching $3.20 could propel the asset beyond the $3.40 mark. On the other hand, if the asset’s price falls below $3.05, we could witness another correction or consolidation phase.
There have been quite a few bullish developments for XRP this year. The settlement of the lawsuit is probably the most important one. Other developments include the possibility of a spot ETF in 2025. There are several XRP ETF applications awaiting approval at the SEC. A spot ETF could lead to a substantial rise in institutional inflows for the asset.