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- $XRP is poised for its first monthly close above $3.03, a major technical milestone.
- Current price action aligns with Cycle 3, showing strong upward momentum and key moving average support.
- Based on past cycles, projected targets show potential peaks at $8.93 and $32.48 by September 2025.
$XRP is on the verge of achieving a major price milestone, as the token trades above the $3.03 level with only hours remaining in July’s final trading session. According to market data captured early on July 31, $XRP was priced at approximately $3.17, reflecting a 1.0% increase over the last 24 hours.
If the token maintains this level through the monthly close, it would mark the first time $XRP has recorded a monthly candle close above the $3.03 threshold. This development follows a consistent upward movement that aligns with the broader cyclical structure visible on long-term charts, specifically identified as “Cycle 3.”
$XRP Enters Third Market Cycle as Price Clears Key Resistance Zone
According to the chart provided by Egragcrypto, $XRP’s performance is outlined across three major market cycles, each showing a period of consolidation followed by sharp upward moves. In the first cycle, spanning from May 2017 to December 2017, $XRP recorded a substantial rally of over 32,000%. Cycle 2, which culminated in April 2021, marked a 420% gain before facing resistance below previous highs.
Source:(X)
Currently, Cycle 3 appears to follow a similar trajectory. $XRP has already moved beyond several key exponential and simple moving averages, including the 21 EMA and 33 SMA. This movement has positioned the token above a key resistance zone near $3.03, which analysts now refer to as the “Chasm.” The Chasm level, marked by previous cycle highs, serves as a psychological and technical barrier in the chart’s long-term projection.
Key Resistance and Support Levels
$XRP is presently testing resistance at $3.17, which matches its 24-hour high. This level aligns with upper trend boundaries on the chart and is closely watched by technical traders. Immediate support is set around $3.04, just below the breakout zone. Should price dip, further support may be found at $2.90 and $2.65, based on previous reaction zones and moving average levels.
However, the current structure suggests $XRP remains stable above its primary support. Analysts have noted the importance of this monthly close for establishing a long-term trend shift. Technical projections on the chart highlight potential targets at $11 and beyond, although these levels remain speculative and dependent on sustained bullish structure.
Short-Term Targets and Timeframe Considerations
The annotated chart places special focus on the September 2025 timeframe, where projected cycle highs could be tested if momentum persists. A noted breakout from the current structure could propel price toward $8.93 and possibly $32.48, based on previous cycle expansions.
For now, maintaining the monthly close above $3.03 remains the immediate target, with just under 19 hours left in the July session. This milestone would set a new historical benchmark for $XRP, reinforcing the significance of the current cycle’s progress.