TLDR:
- XRP price breaks out to $3.66 to hit a new all-time high, surpassing 2018’s record.
- The total market cap nearly doubles due to years of supply growth.
- Analysts eye $3.39 as key level to confirm sustained breakout.
- Retail buying spikes on Coinbase and Kraken, driven by unit bias.
XRP has broken past its previous record, hitting a new all-time high in July 2025.
The rally comes after months of sideways action, with bulls now firmly in control. However, while the price is up, so is the total market cap, due to years of supply growth.
Traders are now watching how long this strength can hold above key breakout levels. With volume up and retail buyers stepping in, XRP’s rally is commanding attention across the crypto market.
XRP Price Breaks Out of Long-Term Range
After months locked in a tight range, XRP finally made a decisive move above $3.39.
According to Daan Crypto Trades, the breakout ended a long period of consolidation that began in early 2025. The price has since pushed as high as $3.66, marking a new all-time high not seen since 2018.
Volume spiked on the breakout, a key signal that larger players may be behind the move. Analysts are pointing to the clean structure and strong momentum as signs this rally could hold. XRP is now in price discovery mode, with no major historical resistance levels above.
$XRP Hit a new all time high today. Wild scenes.
Good to keep in mind is that relative to the all time high set in 2018, the market cap is actually close to double.
That’s because of the supply increase/inflation during those years. Not nearly as bad as some other tokens out… https://t.co/rQiwNA2HfG pic.twitter.com/FveZ30NBWA
— Daan Crypto Trades (@DaanCrypto) July 18, 2025
Despite the new high, XRP’s market cap tells a deeper story. Daan noted that while the token’s price just reached $3.66, the total market cap is almost twice as large as it was in 2018. This is due to inflation in the token supply over the years.
While XRP’s supply growth hasn’t been as extreme as some other altcoins, the increase still matters. Investors are now buying into a much larger supply base, which means the network is valued higher overall, even if the price per token appears similar to past peaks.
Traders Watch for Retest and Support
With momentum strong, attention has shifted to whether XRP can hold above $3.39. That level served as a ceiling for months and is now a critical support zone. A successful retest could trigger the next leg of the rally.
Volume will also play a key role going forward. Sustained buying interest is needed to keep this move alive. If buyers fade, the breakout risks becoming a short-term spike rather than a lasting trend.
Dom, another crypto analyst, noted a sharp rise in XRP buying on Coinbase and Kraken. He said much of the recent demand is coming from retail traders. Lower-priced tokens often attract more interest due to “unit bias,” where traders feel like they’re getting more for their money.
$XRP has seen massive net buying on Coinbase and Kraken over the past 36 hours
We’re seeing a clear wave of retail flood in
Unit bias is in full effect – XRP’s lower price makes it psychologically more attractive
More coins per dollar = perceived value pic.twitter.com/QnBLpZHlub
— Dom (@traderview2) July 18, 2025
The effect is pushing XRP into the spotlight again. It’s one of the few older altcoins still showing strong upside in a market that has been flat for many others. With volume and price both climbing, XRP is setting the tone in the altcoin space this month.
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Source: https://blockonomi.com/xrp-price-hits-new-all-time-high-as-market-cap-nearly-doubles-since-2018/
