Ripple’s native token, XRP, is currently breaking out of a consolidation phase following a notable 10% increase in value over the past week. The asset has successfully surpassed critical resistance levels at $3 and $3.05, igniting optimism among analysts regarding its potential trajectory.
Ali Martinez, a well-known cryptocurrency expert with a substantial following on X, has projected that XRP may be heading toward its all-time high of $3.60, which was reached in July 2025. He previously underscored the importance of the $3.05 resistance. Martinez warned that if sellers managed to defend this level, a downturn could occur, potentially pushing XRP back down to $2.80, a scenario that has played out multiple times since early August. However, with the current bullish trend, the breakthrough above $3.05 opens the doors for further upward movement towards the $3.60 mark, closely aligning with the previous record high of $3.65 from mid-July.
Despite facing significant selling pressure, with over $120 million worth of XRP offloaded by whales in just 24 hours, the token’s price has consistently held above $3.10. This resilience suggests growing investor confidence. Martinez views this development as a precursor for another surge towards the all-time high, particularly after XRP closed with a slightly bullish trend against the dollar.
Adding to the analysis, another cryptocurrency analyst known as CRYPTOWZRD commented on XRP’s favorable performance against Bitcoin, highlighting a significant daily symmetrical triangle breakout in the XRP/BTC pairing. This pattern may provide a more promising outlook for traders focusing on XRP’s movements relative to Bitcoin.
Currently, XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization, surpassing Tether (USDT) with a market cap now sitting at $185 billion. Daily trading volume for XRP is reported at around $5.5 billion, although it remains considerably lower than Ethereum’s $39 billion and Solana’s $12 billion.
As the market continues to react to these developments, investors and analysts alike remain keenly focused on XRP’s price movements, particularly in light of the token’s recent performance and resistances.
