XRP News Today: XRP Holds Above $3 Amid Bullish Technical Outlook Analysts Cite Potential 340% Gains

XRP, a cryptocurrency often referred to as Bitcoin’s smaller cousin, has seen renewed optimism as it maintained a price above $3 in July 2025. The token previously reached this level in January 2025, marking its highest point in seven years, before retreating and reclaiming it in mid-July [1]. Analysts have taken note of this price movement, suggesting it may indicate a shift in market structure [1]. As of now, XRP is trading near $3.12, with ongoing momentum checks reinforcing the bullish sentiment [1].

According to analyst Steph, the key to the next potential move lies in a breakout above a long-standing descending trendline visible on the weekly XRP chart [1]. He highlights the transformation of $3 from resistance to support as a classic technical indicator. Using historical weekly charts, Steph argues that such breakouts have historically led to strong rallies, with a pattern observable as far back as 2022 when XRP’s price action began showing more visible shifts [1].

Reports indicate that similar setups have occurred in multiple cycles. Following the Terra collapse in May 2022, XRP dropped and formed a descending trendline that broke in September 2022, pushing the price to a high near $0.55 [1]. A new trendline emerged around the SEC vs. Ripple ruling in July 2023, which preceded a move toward $0.94 [1]. The most recent significant rally brought XRP to about $3.40 in January 2025, following a breakout linked to the November 2024 U.S. elections. These events form the basis of what analysts refer to as a “repeat pattern” in XRP’s price behavior [1].

Steph forecasts a potential rise to $14 from the current level of around $3.12, implying a gain of approximately 340% [1]. His analysis notes that some traders have already taken profits by selling early, while those who have held may see larger returns if the projected scenario unfolds [1]. Other market participants have also pointed to $14 as a potential target, with some citing Fibonacci levels and others referencing similar projections made as early as March 2025 [1].

Looking ahead, traders and analysts will closely monitor volume patterns during any push above recent highs, as this can provide insight into whether the rally is gaining strength [1]. Additionally, the stability of the $3 support level and the sustainability of the weekly breakout will be critical factors. Analysts also recommend watching how long XRP consolidates around $2, which lasted over five months, as extended flat periods can signal significant moves if buyer interest intensifies [1]. Derivatives flows and the behavior of large holders—particularly where they place sell orders—will also play important roles in shaping the token’s near-term trajectory [1].

Source:

[1] XRP’s Toughest Bull Run Could Lead To Big Gains, Analyst Claims - https://www.newsbtc.com/altcoin/xrps-toughest-bull-run-could-lead-to-big-gains-analyst-claims/