XRP has entered a price discovery structure similar to its 2017 breakout, according to technical analyst @galaxyBTC. In a chart posted on X, the analyst noted that XRP has cleared the same horizontal resistance zone that acted as a cap between 2021 and 2025. The post shows the breakout level around $3.00 and describes the current setup as nearly identical to the price structure that preceded XRP’s surge in 2017.
In the earlier cycle, XRP moved from under $0.01 to over $3.30 within one year. The breakout began once the token cleared its multiyear consolidation range and entered open price territory. GalaxyBTC suggests the same conditions are now in place, as XRP trades in a zone without historical resistance.
XRP Breaks $3.00 With Multi-Month High
XRP to USD traded as high as $3.19 on July 17, 2025, after breaking out of a descending triangle that had capped price action for over four months. The breakout began on July 15, followed by a retest and continuation. This is the first time XRP has traded above $3.00 since January 2018.
The previous local top near $3.33 now acts as the next resistance. That level aligns with a key Fibonacci extension drawn from the December 2024 low to the July 2025 breakout. A daily close above $3.33 would place the token beyond all prior price levels and extend its move into full discovery.
Indicators Show Strong Trend Momentum
The Relative Strength Index on the daily timeframe is above 73. RSI levels above 70 typically occur during breakout phases. In 2017 and 2021, XRP maintained RSI above 70 for multiple weeks before any major correction.
The MACD line is at 0.0819, while the signal line reads 0.1403. The histogram is positive and rising. These values confirm the strength of the current move, which began with a MACD crossover in early July. The structure mirrors past trend initiations.
XRP is trading above its 20-day, 50-day, 100-day, and 200-day exponential moving averages. The 20-day EMA is at $2.60, while the 200-day EMA is at $2.17. All moving averages are sloped upward and aligned in ascending order, confirming multi-timeframe support for the trend.
XRP Whale Holdings Increase Since April
Santiment data shows that wallets holding between 1 million to 10 million XRP have increased their balances to 6.36 billion coins. The accumulation trend began in April 2025 and continued through July. Wallets holding more than 1 billion XRP also added to their positions during the same period. In contrast, wallets in the 100 million to one billion XRP range have reduced exposure.
This shift in distribution shows increased control of supply by the largest holders. A similar trend was observed in late 2017, where large wallet accumulation preceded the final stages of XRP’s breakout.
Daily active addresses peaked above 867,000 in early July, compared to an average of under 50,000 in April. As of July 16, the count remains around 243,000. The 30-day average now stands at 189,000. These levels indicate sustained on-chain engagement despite a short-term decline from peak activity.
The increase in unique address interaction on the XRP Ledger coincides with the price breakout, suggesting renewed interest from retail and institutional users. The last time address activity crossed 500,000 was during the late 2021 rally.
Exchange netflow data shows a withdrawal of 62 million XRP on July 16. This was the largest daily outflow since March 2025. The trend has remained negative over the past two weeks, with cumulative outflows outweighing inflows.
Negative netflows are often interpreted as a sign that investors are moving assets to cold storage, reducing immediate sell pressure. This pattern contrasts with early 2024, when positive netflows preceded short-term corrections.
Analysts Refute $60K Claim and Focus on Realistic Targets
An X post from @CryptoGeekNews claimed that Forbes predicted a future XRP price of $60,000. The claim was based on an interpretation of an article discussing real-world tokenization projects. However, journalist David Gillette said the article made no such prediction.
The post also referenced RealFi, a project aiming to tokenize real estate on the XRP Ledger. Gillette noted that the project remains unproven and that its inclusion does not support the price target. Analysts continue to focus on the $3.33–$3.50 range as the next realistic resistance, based on technical levels and Fibonacci extensions.
The breakout above $3.00 remains technically valid as long as the price holds above that level on daily closes. A move above $3.33 would place XRP beyond its prior cycle high and confirm entry into full price discovery. Fibonacci projections suggest potential upside toward $3.50–$3.65 in the short term.
The breakout structure matches the setup from 2017, supported by RSI, MACD, moving averages, address activity, whale accumulation, and exchange outflows. While the long-term path remains uncertain, analysts say the conditions for a sustained breakout are now in place.
