‘Real fun starts’ if XRP price ends July above $3, new analysis says

Key takeaways:

• July’s monthly candle close can become XRP’s highest ever.
• A close above $3.03 could stage a rally to $7-$11, according to analysts.

XRP (XRP) will “pump hard” into price discovery if it produces a record monthly close on Thursday, according to one market analyst.

In his latest analysis on X, trader Egrag Crypto said that $3.03 is now the key XRP price level to watch.

XRP price needs a monthly close above $3.03

Data from Cointelegraph Markets Pro and TradingView showed XRP/USD gaining 1% on Thursday to near monthly record highs.

To achieve the highest monthly close ever, XRP’s price must end July in the green above $3.03, which hasn’t happened since January 2025.

Related: XRP price to $4 next? ‘Most profitable phase’ likely here, says analyst

The XRP/USD pair has failed in past cycles to produce a decisive close above this level, an achievement that could put XRP on the path to price discovery, according to Egrag Crypto.

“Closing above $3.03 would mark the first-ever historical candle close above this level in XRP’s journey,” he said.

“Touching the Chasm is my minimum target, but surpassing it? That’s where the real fun starts!”

XRP/USD monthly chart. Source: Egrag Crypto

“The Chasm” is a key resistance line that connects previous cycle highs, where each cycle begins with a bullish crossover between the 21-month EMA and the 33 SMA, a crucial signal of the macro trend. Historically, touching it has triggered impressive parabolic rises.

Touching “The Chasm” would put XRP’s initial target at $11, and surpassing it could trigger a rally up to $37, replicating historical patterns of parabolic growth.

“XRP will pump hard today into the monthly close,” pseudonymous crypto investor Crypto Bitlord told his X followers on Thursday, adding that such a move would send the price to $7.

Fellow analyst Cryptollica said XRP’s breakout from a descending pattern on the two-week chart targets $10.

XRP 2w chart 🌙
Ripple
~10$ pic.twitter.com/Cwma4hNAKA— Cryptollica⚡️ (@Cryptollica) July 30, 2025

As Cointelegraph reported, some see consolidation continuing for some time in line with classic price action after a strong rally. In contrast, others believe selling pressure could persist, citing a spike in profit taking.

XRP aims for sixth straight green July

Meanwhile, XRP is on track to seal its sixth “green” July in a row, according to data from CryptoRank.

At 42%, July 2025 would end up XRP’s third most successful seventh month of the year in history.

XRP/USD monthly returns. Source: Cryptorank

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.