Key takeaways:
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July’s monthly candle close can become XRP’s highest ever.
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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 the one market analyst.
In his latest analysis on X, popular 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, however, 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 to produce a decisive close above this level in past cycles, 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 explained.
“Touching the Chasm is my minimum target, but surpassing it? That’s where the real fun starts!”
“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 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.
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.
