XRP is now trading at $3.17, pushing past the crucial $3.03 mark that analysts have long identified as a major breakout level.
With less than a day left before the monthly candle closes, all eyes are on whether XRP can hold this line and close above it—something it has never done before in its price history.
According to popular market commentator EGRAG CRYPTO, this breakout represents what he calls “The Chasm,” a critical resistance zone.
He emphasized that surpassing it isn’t just symbolic—it could mark the beginning of XRP’s next major bull cycle. Historical patterns shown in his shared chart outline three distinct growth phases, with each prior breakout leading to significant upward momentum. This $3.03 level, he suggests, is not only a technical barrier but also a psychological turning point.
In his words, just touching this line was the minimum target—but holding above it? That’s when “the real fun starts.”
At the time of writing, XRP is up 2.49% on the day and 2.10% over the week, with a market cap nearing $188 billion and trading volume exceeding $6.3 billion in the past 24 hours. These figures point to rising momentum and investor enthusiasm as XRP makes its strongest monthly showing in years.
If XRP closes July above $3.03, it would mark its highest-ever monthly close, potentially confirming a long-awaited trend reversal and energizing the broader altcoin market in the process.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.