XRP shattered months-long resistance as volume surged past $23B, triggering a breakout past $3.
Technical signals, such as the RSI at 84 and a rising ADX, support extended gains, possibly above $17.

XRP gained strength with the previous week’s gain surpassing 22% beyond the $3.40 level, with daily volume amounting to $23 billion.

This was the first appreciation in months and is the strongest upside move since the token struggled below the recalcitrant resistance barrier for over eight months.

Source: TradingView

Buyers pushed the token through a technical pattern known as a bull flag, with a breakout providing the direction for a larger move. Based on the measured length of this pattern, a potential rise of over 480% might take XRP’s price above $17 sometime in the near term.

Supporting this prediction is a shift in the Average Directional Index (ADX), a measure of the strength of trends that declined dramatically within the past six months but is increasing now. A shift in direction for ADX suggests the recent breakout could be more potent.

Retail Traders Drive XRP Volume Spike

Retail investors seem responsible for the recent surge in volume, as most traders look at making profits while the pace is strong. The higher demand was enough to help XRP break through a barrier previously rejecting growth efforts, with the price action remaining firmer compared to previous rallies.

Source: TradingView

Another indicator in support of the bullish side is the Relative Strength Index (RSI). According to the latest figures, the RSI stands at 84 and typically signals more strength is ahead before any correction, as indicated by TradingView.

Meanwhile, optimism is further aided by hopes for the GENIUS Act. If American regulations for cryptocurrencies take a positive turn in the coming months, that would further propel the XRP price and align it with the current price action.

XRP Breaks $3 — Analyst Says Price Discovery Phase Begins

Crypto analyst Tony “The Bull” Severino posted a chart indicating that the XRP had gone through the $3 level and was now in the price discovery mode. “Price discovery” is a market situation where the buyers and sellers are actively creating a new valuation for an asset. This process tends to be positive for additional gains if the demand is ongoing.

XRP is headed into full price discovery, but you should probably be preparing to exit during the next move

What is your take profit level? pic.twitter.com/73zNMutVNn

— Tony “The Bull” Severino, CMT (@TonyTheBullCMT) July 17, 2025

Severino pointed out that the previous case of the same RSI movement was back in 2017, which later led to a massive rally. In May 2025, he pointed out the RSI drop of XRP to 67.18 as the beginning of a new pattern. In his opinion, the structure of the chart at this time is a good match for what preceded the previous record-shattering rally.

Back then, the increase did not come instantly but came within the following months. Current market trends indicate that a possible repeat is underway. According to Severino, investors must be ready to take profit at this final surge, hinting that this period might not last permanently.

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Filed under: Bitcoin - @ July 20, 2025 9:10 am