Zinger Key Points
- Analyst says a weekly close above $3 could trigger a breakout to $4.80, a new all-time high.
- Open interest in XRP jumped 8.8% in 24 hours, reaching record levels on July 15.
- Tim Melvin’s system has spotted 10X winners like NVIDIA and Matador—see his next 6 picks and the options strategies to multiply gains at a free July 23 event. Register Here.
XRP XRP/USD has surged over 25% over the past seven days, fueling bullish momentum as traders look for new all-time highs soon.
| Cryptocurrency | Ticker | Price | Market Cap | 7-Day Trend |
| XRP | XRP/USD | $3.02 | $178.9 billion | +27.1% |
| Bitcoin | BTC/USD | $119,113.54 | $2.4 trillion | +9% |
| Ethereum | ETH/USD | $3,314.22 | $400.5 billion | +24.6% |
Trader Notes: Crypto chart analyst Ali Martinez says XRP must secure a weekly close above $3 to kick off a move toward $4.80, which would mark a new all-time high.
Galaxy noted XRP's tendency to retest its previous all-time high, consolidate just below it, and then break through into full price discovery. According to him, $3.30 remains the level to beat for the real rally to begin.
Veteran trader DonAlt, who first called XRP when it was under $0.70, says the setup is aligning once again.
If it clears $3.30 like last time, this next leg could be even stronger, he concluded.
Statistics: Coinglass data shows XRP open interest hit all-time highs on July 15, with an 8.8% spike in the past 24 hours. Liquidations totaled $7.99 million, with shorts accounting for $4.36 million, indicating strong upward pressure forced many bearish bets to close.
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