XRP Price Closes Highest Quarterly Candle In History

Source Bitcoinist

The XRP market just recorded one of its most defining moments in history as it closed its highest-ever quarterly candle. This most recent high is a major structural achievement for XRP, especially considering the fact that XRP has often moved in long, drawn-out consolidations. This new record somewhat confirms XRP’s position in the long term, and this might be the beginning of a new explosive uptrend for the cryptocurrency.

Q2 Quarterly Candle Closes At Record High

XRP has just posted its highest-ever quarterly candle close, breaking decisively above the multi-year resistance zone around $2.25, a level previously unbreached on quarter-end closes. As illustrated in the XRP/U.S. Dollar 3-month candlestick chart below, the latest three-month candle exceeds all historical quarterly closes and marks a clean breakout from years of consolidation. The chart was first shared on the social media platform X by crypto analyst Steph Is Crypto.

This chart offers an interesting insight into XRP’s long-term momentum, as the latest three-month candlestick marks the third consecutive quarterly close that registers a higher high. The importance of these higher highs cannot be overstated for bullish momentum, as quarterly candles are often seen as stronger trend indicators compared to daily or weekly bars. 

XRP

Furthermore, the sequence of candles shows that the XRP price is steadily building above a long-standing resistance region that has capped XRP since early 2018. This level was previously the 3-month candlestick close during XRP’s all-time high run in 2018, and it has now been flipped into strong support. 

Why This Matters For XRP Price Action Going Forward

XRP closed the second quarter of 2025 at $2.38 against the U.S. Dollar, marking a 14% increase from the first quarter close of $2.08. This Q1 close itself was already a notable shift upward from the $2.07 close observed at the end of Q4 2024. Although all three quarters featured candlestick wicks that extended beyond these closing values, it’s the closing prices that offer the clearest picture of sustained momentum. Their steady increase shows that XRP’s price action is gradually moving up in range. 

From a technical perspective, the new higher quarterly close solidifies the breakout structure from $2.25 on the macro timeframe. Quarterly closes as more reliable signals than shorter-term moves, since they are less susceptible to volatility and manipulation. A close of this magnitude means XRP has entered a new price discovery phase above $2.25, and there’s now a strong case for the cryptocurrency to push into new all-time highs.

Moving forward, this $2.25 price level is now expected to act as support for any future pullbacks in the larger timeframe. As such, the path to higher levels of $3, $3.5, $4, $5, and beyond may unfold with fewer obstacles than in previous cycles.

At the time of writing, XRP is trading at $2.26.

XRP
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Slides to $111K Ahead of PCE Inflation Data, Faces Monthly DeclineBitcoin experienced volatile trading on Friday, sliding close to $111,000 as investors awaited critical U.S.
Author  Mitrade
Aug 29, Fri
Bitcoin experienced volatile trading on Friday, sliding close to $111,000 as investors awaited critical U.S.
placeholder
Oil Prices Maintain Gains Amid Geopolitical Risks and Fed Rate Cut SpeculationOil prices held largely steady in Asian trading on Monday following notable weekly gains, supported by diminishing expectations of an immediate ceasefire in the Russia-Ukraine conflict and dovish cues from the U.S.
Author  Mitrade
Aug 27, Wed
Oil prices held largely steady in Asian trading on Monday following notable weekly gains, supported by diminishing expectations of an immediate ceasefire in the Russia-Ukraine conflict and dovish cues from the U.S.
placeholder
Markets Today: Nvidia Earnings, Indian Tariffs, French Political Risk in FocusU.S. stock futures edged higher Wednesday as investors awaited Nvidia’s closely watched earnings, while fresh U.S. tariffs on Indian imports and renewed political turmoil in France weighed on global sentiment.
Author  Mitrade
Aug 27, Wed
U.S. stock futures edged higher Wednesday as investors awaited Nvidia’s closely watched earnings, while fresh U.S. tariffs on Indian imports and renewed political turmoil in France weighed on global sentiment.
placeholder
Crypto Market Update: Bitcoin Rebounds Amid Fed Turmoil, Altcoins GainBitcoin edged higher Wednesday to $111,272 after hitting a seven-week low below $109,000, pressured by a major whale trade that liquidated 24,000 tokens. The cryptocurrency has now dropped more than 10% from its August peak above $124,000, as risk sentiment remains muted amid concerns over Federal Reserve independence.
Author  Mitrade
Aug 27, Wed
Bitcoin edged higher Wednesday to $111,272 after hitting a seven-week low below $109,000, pressured by a major whale trade that liquidated 24,000 tokens. The cryptocurrency has now dropped more than 10% from its August peak above $124,000, as risk sentiment remains muted amid concerns over Federal Reserve independence.
placeholder
Oil Prices Steady Ahead of U.S. Tariffs Impact on IndiaOil prices remained mostly unchanged on Wednesday following a sharp decline in the previous session, as markets awaited the imposition of hefty U.S. tariffs on India, the world’s third-largest crude importer.
Author  Mitrade
Aug 27, Wed
Oil prices remained mostly unchanged on Wednesday following a sharp decline in the previous session, as markets awaited the imposition of hefty U.S. tariffs on India, the world’s third-largest crude importer.
goTop
quote