- XRP enters Phase 4 after breaking ATH, with a $21.5 target based on Fibonacci extension.
- Trading volume jumps 63%, signaling rising interest and strong market participation.
- XRP ranks #3 by market cap, with liquidity and price supported by bullish technical patterns.
XRP has officially surpassed its previous all-time high, marking the start of Phase 4 in its long-term market structure. According to technical analysis, the next projected target stands at $21.5, which is based on the 6.618 Fibonacci retracement level, suggesting further upside may follow this breakout.
XRP Enters Phase 4 After Multi-Year Consolidation
XRP’s market structure has followed a four-phase cycle from 2014 through 2025. According to analysis prepared by CW8900, XRP’s current move marks the beginning of Phase 4, following years of sideways consolidation between 2018 and 2024.
The breakout occurred after the price moved through a tightening triangle pattern. On July 18, XRP reached $3.52, up 9.97% in the past 24 hours. The intraday high stood at $3.66 before retracing slightly.
Market data from CoinMarketCap shows the asset maintained support above $3.40 throughout the day. XRP is now ranked #3 by market capitalization, standing at $208.68 billion. Trading volume also surged 63.03% to reach $23.01 billion, reflecting increased interest.
Can Fib Metric Validate $21.5 as the Next Target?
Technical analysts have projected $21.5 as the next target using the 6.618 Fibonacci extension. This level was measured from previous cycle lows to past highs. XRP’s growth being supported by increased liquidity and strong on-chain participation.
The fully diluted valuation of XRP now stands at $349.49 billion. The total supply remains near 99.98 billion tokens, with a circulating supply of 59.18 billion. A 24-hour volume-to-market cap ratio of 11.1% signals active trading across exchanges.
Crypto King said XRP is leading the on-chain game, referring to the asset breaking above the $190 billion market cap. Analysts will continue to monitor whether XRP maintains this momentum toward the projected Fibonacci level of $21.5.
