XRP Hits New Record High at $3.57, Surpasses 2018 ATH Amid Crypto Market Rally

XRP has set a new all-time high at $3.57, surpassing its previous record of around $3.40 reached in January 2018. This surge reaffirms XRP’s position as one of the leading altcoins during the ongoing crypto market rally.

According to Decrypt, XRP’s price briefly consolidated around $3.41 before breaking through this new ATH, fueled by strong bullish momentum among altcoins. Data from CoinGecko shows daily trading volume surged above $18 billion, while XRP’s market capitalization now ranks third, behind Bitcoin and Ethereum.

Key Drivers Behind XRP’s Rally

Critical Level Breakout

Analysts from Cointelegraph noted that a strong breakout above $3 opened the door for gains toward $3.40 and the new ATH. This technical pattern was reinforced by a significant rebound from the $2.58 support level, which triggered a sharp rally to $3.57, similar to previous patterns, according to FXStreet.

Surge in Derivatives Interest and On-Chain Activity

The derivatives market recorded a spike in open interest to $8–9 billion, signaling a major inflow of capital supporting XRP’s price rally.
In addition, the number of active wallets on the XRP Ledger surged by 124%, reflecting renewed interest from both retail and institutional investors, according to BeInCrypto.

Regulatory Sentiment and Institutional Adoption

Regulatory clarity—including Ripple CEO Brad Garlinghouse’s testimony before the U.S. Congress—has strengthened market confidence.
Meanwhile, adoption of the XRP Ledger by major financial institutions, along with the launch of products like Ripple’s USD Stablecoin, has fueled optimism about XRP’s utility in the global financial sector.

What’s Next for XRP Price?

• Technical Outlook: After breaking above the $3 resistance and establishing it as a new support, XRP is expected to continue its rally toward levels beyond $3.57.

• Derivatives Volume: Rising open interest and trading activity provide strong bullish signals in the short term.

• Correction Risks: The RSI indicator currently sits in the overbought zone, which could lead to profit-taking and a possible pullback toward the $3.00–$2.90 range.

XRP’s surge to a record $3.57 is driven by a combination of technical breakouts, increasing liquidity, institutional adoption, and positive regulatory sentiment. While the short-term outlook remains bullish, investors are advised to stay cautious of potential corrections triggered by profit-taking.