XRP Price Prediction: XRP May Reach $3.66 Even with Recent Setback
XRP has experienced a slight dip to $3.10 following recent highs, but remains a top choice for traders eyeing a potential breakout towards its all-time high of $3.66. Despite a modest decline of around 5% in recent trading sessions, the crypto market’s overall bearish trend, XRP continues to attract attention due to steady demand and a positive market outlook. Improving global market conditions, including softer U.S. inflation data and expectations of a rate cut in September, could help XRP maintain its bullish momentum above $3.
The surge in stablecoin activity on the XRP Ledger has been a significant driver of the recent rally. Data indicates a 46% increase in the combined stablecoin market cap on XRPL in just one week, reaching approximately $166 million. Ripple’s RLUSD stands out as the market leader, representing more than half of this total and highlighting its growing role in on-chain payments.
This surge in stablecoin adoption is supported by an increase in participation in XRPL’s decentralized finance landscape. The total value locked in related protocols has risen by 4% in the last 24 hours to $89 million. Higher activity in DeFi typically correlates with increased use of the native token, contributing to the underlying demand for XRP.
The derivatives market also echoes bullish sentiment, with open interest rising by 9% to around $8 billion and daily trading volumes increasing by 20% to $12.5 million. These indicators suggest that traders are taking larger positions in anticipation of a significant move.
XRP is currently trading within the $3.10-$3.27 range, consolidating below the $3.40 resistance level. Technical indicators suggest a bullish continuation towards $3.41 and potentially beyond $3.66, with strong momentum, key support levels holding, and bullish sentiment prevailing. A clean break above $3.40 could pave the way for a retest of $3.66, with the potential for new highs if buying pressure persists.
Over the past five sessions, XRP has traded within a narrow range between $3.24 and $3.27, indicating a period of consolidation. This consolidation phase has allowed liquidity to concentrate above and below the market, with $3.08 serving as a base for potential buyer return. A breakout above $3.40 could trigger a more aggressive rally, drawing in momentum-based participation and fueling gains faster.
XRP has seen significant growth in 2025, propelled by regulatory clarity, increased adoption of XRPL-based assets, and favorable macroeconomic conditions. The recent surge in stablecoin activity further strengthens the bullish case for XRP. Key levels to watch in the near term are $3.40 and $3.66 on the upside, and $3.08 and $2.91 on the downside. Traders remain optimistic about XRP’s potential for further strength in the current market environment.
