XRP (XRP) Soars Beyond $2.84 as Institutional Demand Explodes—Here’s Why It’s Just Getting Started

XRP just blasted past a critical resistance level—and Wall Street's finally paying attention.

Institutions gobble up XRP

The $2.84 barrier crumpled like a paper tiger as hedge funds and asset managers piled into the token. No more 'just for retail' whispers—this is full-throated institutional validation.

Liquidity meets momentum

Trading volumes spiked 300% in 24 hours. Suddenly, every fund manager who mocked crypto last year is now scrambling to justify their XRP allocation (better late than never, right?).

What's next?

With the SEC lawsuit fog clearing and real-world payment use cases multiplying, this rally's got legs. Unless, of course, the usual suspects start 'risk managing' their clients straight into the next dip.

TLDR

• XRP rose 6.04% to $2.93, breaking through the $2.84 resistance level with strong institutional support
• Trading volume spiked to 176M at 03:00, confirming the strength of the breakout from a descending triangle pattern
• XRP’s market cap increased by $30B, securing the #3 spot in global crypto rankings
• Technical analysis shows XRP broke out of a long-term consolidation pattern dating back to 2018
• Next price targets are $3.10 and $3.40, though a $70M inflow to Coinbase may create selling pressure

XRP experienced a strong rally on July 14, 2025, climbing 6.04% from $2.77 to $2.93 within a 24-hour period. The price movement broke through the key $2.84 resistance level that had been containing the cryptocurrency’s upward momentum.

The breakout occurred at 03:00 with trading volume spiking to 176 million, double the hourly average. This volume surge confirmed institutional participation in the rally. XRP closed above $2.91 despite some profit-taking during the session.

The price action represents a clean break from a multi-session descending triangle pattern. Market cap increased by $30 billion over the week, bringing XRP’s total market capitalization to $163.98 billion. This growth pushed XRP to the third position in global crypto rankings.

Technical Pattern Completion

Technical analysis reveals XRP broke out of a symmetrical triangle pattern that stretched back to 2018. The cryptocurrency had been trading within a consolidation range since February 2025, with the $2.6 range high serving as a key resistance level.

When you zoom out on $XRP, it's hard not to go all in. A weekly close above $3 could set the stage for a rally to $6 or even higher! pic.twitter.com/h8fROcAC7t

— Ali (@ali_charts) July 12, 2025

The breakout past $2.6 represented a bullish structure break on the weekly timeframe. Weekly swing points were marked at $1.61 and $3.4, with the MOVE beyond $2.65 confirming the upward trend.

Daily chart analysis showed a bullish structure confirmation on July 9 with a move beyond $2.33. The Chaikin Money FLOW indicator registered +0.05, indicating strong capital inflows. The MACD also climbed higher, signaling bullish momentum.

Price Targets and Market Outlook

With the $2.84 zone cleared and held, momentum traders are now eyeing the $3.40 level as the next major resistance zone. Intermediate targets include $3.10 and $3.30 based on the range formation breakout.

Some analysts project even higher targets, with one chart pattern suggesting a potential move toward $16.17. This WOULD bring XRP’s market cap close to $1 trillion, though such projections remain highly speculative.

The final hour of trading saw XRP rise from $2.927 to $2.930, a modest 0.11% gain. Hourly volume remained around 85 million during the final session, confirming sustained interest from traders.

Price held above $2.91 throughout the final hour, forming a tight consolidation band. This price action suggests healthy cooling after the breakout rally.

For the upward momentum to continue, XRP needs to flip $2.934 into support territory. A clean break above $2.94-$2.95 would open the path to higher targets.

The cryptocurrency market’s broader bullish sentiment has supported XRP’s rally. Bitcoin reached new all-time highs, with altcoins following suit and pushing the total altcoin market cap past $1.25 trillion.

Bitcoin dominance dropped from 65.9% to 64.46% over two weeks, creating favorable conditions for large-cap altcoins like XRP. This shift in market dynamics has provided renewed bullish conviction since late June.

However, traders should monitor a $70 million inflow of XRP to Coinbase exchange. This large deposit could create selling pressure in the coming days.

The breakout above $2.84 was backed by real institutional flows rather than just technical momentum. Continued hourly volume above 100 million would signal ongoing institutional follow-through.

Current support levels sit at $2.91-$2.92 based on late-session price action. A breakdown below $2.91 could invite a retest of the $2.84 breakout level.

XRP’s recent performance demonstrates strong capital backing with volume confirmation at key resistance levels, positioning it as a market leader rather than follower.