XRP is just one step away from its 2018 all-time high (ATH) price, and its partnership with the California government could be the ultimate catalyst for reaching new heights. Is it ready to break through the ceiling?
The price of XRP has entered a critical phase. After a 35% rally in just one week, and rising more than 9% in the last few hours, its price is quoted at around $3,40, remaining at less than 15% of its all-time high (ATH) of $3,84 registered in 2018.
This approach of the XRP price to its current ATH has set off bullish alarm bells in the crypto community, which is closely watching to see if the token is ready to break its technical and psychological ceiling.
Source: CoinGecko
XRP has demonstrated resilience in the face of market volatility, and its current consolidation could be the prelude to a new explosive phase. Market analysts agree that if XRP turns $3 into a support level, the path to a new ATH could quickly open.
Ripple collaborates with California in a partnership that could mark a turning point
El “California Breakthrough Project”, launched by Governor Gavin Newsom, has brought together technology projects and leaders from the crypto world, including Ripple, to advise the state on blockchain innovation. The first meeting was held at Ripple's headquarters in San Francisco, underscoring its central role in this statewide initiative.
According to Reports, this project seeks modernize public services, improve transparency and reduce bureaucracy through the use of emerging technologies such as blockchain and artificial intelligence. Ripple's active participation not only reinforces its institutional legitimacy but could also improve public perceptions of XRP as an asset backed by real solutions and government collaborations.
In an environment where institutional trust is key to mass adoption, this alliance could be the factor that propels XRP beyond its historical resistance.
Is XRP ready to conquer new highs?
According to market analysts, technical indicators point to a possible breakout. The RSI is in overbought territory, which has historically preceded extended rallies. Furthermore, open interest in futures has increased 121% since June, reflecting strong speculative activity that could amplify any upward movement, according to Coinglass data.
If XRP manages to consolidate the $3 level as support, analysts project a move towards $3,40 and beyond. Some models even place the target price between $4,30 and $6,40 in the coming months, especially if institutional momentum continues and an XRP-linked ETF is approved on the US spot market.
The legal context is also in its favor. After years of uncertainty due to litigation with the SEC, Ripple has obtained favorable resolutions that have cleared the way for a new phase of growth.
The XRP ecosystem: beyond its price
The XRP ecosystem is growing significantly, adding more and more options beyond simply buying and holding the token. Today, users can participate in staking, integrate into DeFi platforms, or take advantage of wrapped versions of the token, such as FXRP and cbXRP. These new utilities not only appeal to those looking to speculate, but also attract those interested in earning real and sustainable returns, strengthening the structural demand for the digital asset.
On the other hand, the presence of large investors—the so-called "whales"—who hold more than 47.000 billion XRP, reflects significant confidence in the value this cryptocurrency can achieve in the long term. This strategic behavior helps not only stabilize the price but also maintain the upward trend many expect.
Looking ahead, several analysts are keeping a close eye on XRP, as it appears to be on the verge of breaking its all-time high. Furthermore, the recent partnership with the California government could be the key to propelling the token into a new phase of growth.
As long as technical support holds and institutional interest continues to grow, XRP has everything it needs to break through to new heights. At this point, the big question isn't if XRP will reach its all-time high, but when.
