XRP has entered a historic phase of price discovery, breaking through previous all-time highs and propelling itself into uncharted territory. The digital asset recently surpassed the long-standing $3.40 resistance, surging to $3.60 and hitting the 1.618 Fibonacci extension, often regarded as a key Wave 3 target in Elliott Wave theory.
According to respected trader and analyst Casitrades, this milestone not only confirms the strength of the current move but also brings higher macro targets into sharper focus.
Historic Breakout and Technical Milestones
XRP’s recent price action marks the first time it has convincingly broken its former 2018 peak, establishing a new all-time high above $3.40. After touching $3.60, the asset is now attempting to turn this old resistance into support—a key signal for sustained upside continuation. Casitrades notes that the breakout aligns perfectly with the 1.618 Fibonacci extension, a critical target zone for a third wave in a bullish Elliott Wave sequence.
🔥 XRP Enters Price Discovery – Macro Targets Coming Into View 🔥#XRP has made history… breaking through $3.40 for a new all-time high and pushing straight to the 1.618 extension at $3.60. This is massive! That level is a common first stop for a Wave 3, and seeing it hit like… pic.twitter.com/WBNPVaa3So
— CasiTrades 🔥 (@CasiTrades) July 18, 2025
Holding above this level could catalyze a rapid move to the next major fib extension, located at $4.65, with some exchanges showing minor resistance slightly below that at $4.62. This level now stands as the next key area of interest, where traders expect sellers may temporarily slow the rally before further continuation.
Short-Term Caution Amid Long-Term Strength
Despite the bullish backdrop, Casitrades has identified early signs of exhaustion on lower timeframes. Bearish divergence is appearing on the 4-hour chart, indicating a possible short-term retracement. If price does retrace, the most critical levels to watch are $3.40 and $3.20. The former has already been tested once and held, reinforcing its importance as a new potential floor.
Still, momentum indicators on the daily and weekly charts remain firmly bullish. Casitrades points out that while some pullbacks are natural after such aggressive upward movement, the underlying trend remains powerful, and far from over. “This breakout is NOT done,” Casitrades declared, suggesting that any dips may simply be pauses before another leg higher.
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Market Sentiment and Fundamental Backing
This price explosion is happening against a backdrop of improving fundamentals for Ripple and XRP. Ripple’s legal battle with the U.S. Securities and Exchange Commission has entered its final chapter, with both parties expected to formally end appeals following Judge Torres’ rejection of their earlier settlement agreement.
Ripple’s decision to drop its counter-appeal has been seen as a strategic move to expedite closure, potentially clearing the path for institutional adoption and clarity around XRP’s legal status.
In parallel, Ripple continues to grow its international footprint through partnerships focused on cross-border payments, stablecoin issuance, and tokenized assets on the XRP Ledger. These advancements are reinforcing XRP’s long-term utility and value proposition, adding a fundamental tailwind to the ongoing technical breakout.
Eyes on the Next Leg Up
With XRP consolidating above its former all-time high and momentum remaining strong, attention is now turning to the next key resistance zone at $4.65. If bulls can hold the line at $3.40, the path toward higher macro targets may open quickly. As price discovery unfolds, market participants are bracing for what could be one of XRP’s most explosive phases yet.
The market has spoken, and XRP is just getting started.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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