XRP News Today: XRP Surpasses $3.03 Threshold Boosting Cycle 3 Bullish Outlook

XRP is on the brink of a historic price milestone as it trades above $3.03, a critical level that, if held through the end of July’s trading session, would mark its first monthly close above this threshold. As of July 31, XRP was trading at around $3.17, showing a 1.0% increase in the last 24 hours. This development positions XRP as a potential breakout candidate within a broader upward trend identified as "Cycle 3" in long-term market analysis [1].

The current price action aligns with a pattern observed in previous market cycles. Cycle 1, from May to December 2017, saw a 32,000% surge, while Cycle 2, ending in April 2021, recorded a 420% gain before encountering resistance below prior highs. Cycle 3 appears to be following a similar trajectory, with XRP already surpassing key moving averages, including the 21 EMA and 33 SMA. Analysts have labeled the $3.03 level as the "Chasm," a significant psychological and technical barrier given its alignment with previous cycle highs [1].

Currently, XRP is testing resistance at $3.17, the 24-hour high, with immediate support located at $3.04. Further support levels are identified at $2.90 and $2.65, based on historical price reactions and moving average dynamics. Analysts stress that maintaining a close above $3.03 is crucial for confirming a long-term bullish trend and reinforcing Cycle 3’s momentum [1].

If the current trend continues, technical projections suggest that XRP could reach $8.93 by September 2025, with more aggressive targets reaching up to $32.48 based on historical cycle expansions. These targets remain speculative and depend on the token maintaining its bullish structure. However, a successful close above $3.03 would represent a major technical achievement and set a new benchmark for XRP’s price history [1].

Source: [1] XRP Eyes Historic Milestone as Monthly Close Above $3.03 Signals Cycle 3 Breakout Toward $32 (https://cryptonewsland.com/xrp-eyes-historic-milestone-as-monthly-close-above-3-03-signals-cycle-3-breakout-toward-32/)