XRP Price Set for Record Surge to $3.75 — Here Are the Driving Factors

XRP price is showing new strength as it trades around $3.10, up 2.8% in the past 24 hours and 3.2% in the past week. The move comes as the chart is close to forming one of the strongest technical patterns, often seen before a bullish reversal.

If confirmed, this could send XRP to a new All-Time-High near $3.75, surpassing the previous peak formed two months ago.

Change of Holder: Long-Term Sellers Step Back, Short-Term Buyers Step In

The clearest sign of strength comes from the Spent Coins Age Band, an indicator of how many old coins are being sold on the blockchain. On September 16, long-term holders in the 180–365 day group moved about 12.59 million XRP.

Two days later, this number dropped to 118,000 XRP, a 99% drop.

This is notable because XRP has increased by more than 430% over the past year. Long-term holders have made huge profits but are now choosing not to sell. This pause suggests a belief that the price could go even higher.

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Meanwhile, HODL Waves, which show the proportion of supply held by different age groups, reveal that new buyers are joining in. The 1 week to 1 month group increased from 2.61% on September 7 to 4.88% on September 17. The 1–3 month group also expanded from 8.97% in mid-August to 11.12% on September 17.

This shows that long-term holders are holding steady while short-term investors are actively adding supply, creating a balance between confidence and new demand.

XRP Price Facing a Crucial Neckline Near $3.21

On the chart, XRP is approaching the neckline of an inverted head and Vai pattern near $3.21. A daily close above this level would confirm the bullish reversal pattern.

Using the head-to-neckline measurement, the breakout is expected to target around $3.75, marking a new All-Time-High and a nearly 21% increase in XRP price from current levels.

Support lies at $2.94, near the level of the right Vai . A drop below $2.69 — the top of the pattern — would invalidate XRP 's bullish setup.

If XRP clearly breaks above $3.21, the combination of reduced selling pressure, demand from short-term holders, and a bullish chart setup could eventually push XRP price to its strongest level ever.