XRP Breaks Above $3 With Volume Surge Ahead of Futures ETF Launch, Next Target $3.40

What to know:

• XRP jumped 4.85% from $2.91 to $3.05 between July 16 05:00 and July 17 04:00, forming a $0.19 range (~6.18% volatility) and peaking at $3.09 on strong volume.
• Afternoon session (17:00–20:00) saw volume exceed 170 million as XRP breached the $3.00 barrier — a psychological and technical milestone.
• Support formed within the $2.98–$3.00 zone and held into the close, signaling continued institutional interest.
• Final hour (03:39–04:38) price advanced from $2.99 to $3.05 (+1.97%), with volume bursts over 3.8 million confirming the breakout.

News Background
XRP careened out of a prolonged consolidation range as institutional flows surged ahead of the ProShares XRP Futures ETF launch set for July 18.
Volume-sustained momentum through $3.00 marks a significant shift from recent sideways price action — with whales and treasury desks re-entering near breakout zones.
While RSI enters overbought territory, technical strategists suggest a sustained close above $3.00 could unlock price discovery toward fresh highs.

Price Action Summary

• Range: $2.91 → $3.09 | $0.19 swing = 6.18% volatility
• Breakout Sessions: 170M+ volume cleared $3.00 resistance during afternoon trading
• Support Zone: $2.98–$3.00 held firm through pullbacks
• Final Hour: XRP rallied from $2.99 → $3.05 (+1.97%) with volume triggers
• Resistance: $3.09 noted as short-term profit-taking zone

Technical Analysis

• Institutional-backed breakout confirmed by heavy volume and clean structure
• Support firm near $2.98–$2.99, marking a solid base for continuation
• RSI enters overbought, flagging potential for consolidation
• Key breakout validation required above $3.05–$3.09 with sustained volume
• Upside targets: $3.40–$3.60 initially; potentially $4.80–$5.00 on ETF-led momentum

What Traders Are Watching

• Will $3.00 flip into support on Monday’s session?
• Breaks above $3.09 with volume could spark moves toward $3.40
• Watch RSI — if consolidation is needed, dip to $2.95–$2.98 offers entry
• ETF launch could be a catalyst, but sustainability depends on follow-through flow

Takeaway
XRP’s breakout is anchored in real volume, not just narrative. Clearing $3.00 on 170M+ volume marks a structural shift ahead of the ETF launch. If momentum holds, next targets lie in the $3.40–$3.60 range — possibly higher with continued institutional participation.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.