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XRP has surged past its previous all-time high, signaling the start of Phase 4 in its market cycle with a bullish target of $21.5 based on Fibonacci extension analysis.
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Trading volume for XRP has increased by over 63%, reflecting heightened market activity and investor interest amid this breakout.
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According to COINOTAG sources, XRP’s position as the third-largest cryptocurrency by market cap is reinforced by strong liquidity and positive technical indicators.
XRP breaks ATH, entering Phase 4 with a $21.5 target via 6.618 Fibonacci extension; volume surges 63%, boosting market confidence and liquidity.
XRP Breaks Multi-Year Consolidation, Initiates Phase 4 with Strong Momentum
XRP’s recent price action marks a significant milestone as it breaks out of a prolonged consolidation phase that spanned from 2018 to 2024. This breakout initiates Phase 4 in XRP’s market cycle, a stage characterized by accelerated growth and renewed investor confidence. The breakout was confirmed after XRP surpassed a tightening triangle pattern, reaching an intraday high of $3.66 on July 18, 2025. This movement reflects a decisive shift in market sentiment, supported by robust trading volumes and sustained price support above $3.40 throughout the day.
Technical Indicators and Market Capitalization Support Bullish Outlook
Technical analysis highlights the 6.618 Fibonacci extension level as a critical target, projecting XRP’s price could reach $21.5 in the medium term. This projection is grounded in historical price cycles and retracement patterns, providing a mathematically sound framework for future price expectations. XRP currently holds the #3 spot by market capitalization, valued at approximately $208.68 billion, with a fully diluted valuation nearing $349.49 billion. The surge in trading volume, which climbed 63.03% to $23.01 billion, underscores increased market participation and liquidity, essential factors for sustaining upward momentum.
Fibonacci Extension Validates $21.5 Target Amid Growing On-Chain Activity
The 6.618 Fibonacci extension level serves as a pivotal metric for traders and analysts, indicating a potential price ceiling based on prior market cycles. XRP’s circulating supply stands at 59.18 billion tokens, with a total supply close to 99.98 billion, maintaining a healthy balance between supply and demand dynamics. The 24-hour volume-to-market cap ratio of 11.1% further confirms active trading and investor engagement across multiple exchanges. On-chain data reveals XRP’s leadership in transaction volume and liquidity, reinforcing its status as a dominant player in the cryptocurrency ecosystem.
Expert Insights from Crypto King Highlight XRP’s Market Leadership
Industry analyst Crypto King emphasized XRP’s growing dominance, noting its market cap surpassing $190 billion as a testament to its strong on-chain fundamentals. This momentum positions XRP favorably for continued gains, provided it maintains support levels and trading volume. Analysts will closely monitor XRP’s trajectory as it approaches the $21.5 Fibonacci target, assessing whether current bullish trends can be sustained amid broader market conditions.
Conclusion
XRP’s breakout above its all-time high and entry into Phase 4 marks a pivotal moment in its market evolution. Supported by increased liquidity, strong trading volumes, and validated by Fibonacci extension analysis, XRP is poised for significant upside potential. Investors and traders should watch for sustained momentum and market participation as key indicators of XRP’s ability to reach the projected $21.5 target. This development underscores XRP’s resilience and growing influence within the cryptocurrency sector.
