XRP Eyes Historic Milestone as Monthly Close Above $3.03 Signals Cycle 3 Breakout Toward $32

• XRP is poised for its first monthly close above $3.03, a major technical milestone.
• Current price action aligns with Cycle 3, showing strong upward momentum and key moving average support.
• Based on past cycles, projected targets show potential peaks at $8.93 and $32.48 by September 2025.

XRP is on the verge of achieving a major price milestone, as the token trades above the $3.03 level with only hours remaining in July’s final trading session. According to market data captured early on July 31, XRP was priced at approximately $3.17, reflecting a 1.0% increase over the last 24 hours.

If the token maintains this level through the monthly close, it would mark the first time XRP has recorded a monthly candle close above the $3.03 threshold. This development follows a consistent upward movement that aligns with the broader cyclical structure visible on long-term charts, specifically identified as “Cycle 3.”

XRP Enters Third Market Cycle as Price Clears Key Resistance Zone

According to the chart provided by Egragcrypto, XRP’s performance is outlined across three major market cycles, each showing a period of consolidation followed by sharp upward moves. In the first cycle, spanning from May 2017 to December 2017, XRP recorded a substantial rally of over 32,000%. Cycle 2, which culminated in April 2021, marked a 420% gain before facing resistance below previous highs.

Source:(X)

Currently, Cycle 3 appears to follow a similar trajectory. XRP has already moved beyond several key exponential and simple moving averages, including the 21 EMA and 33 SMA. This movement has positioned the token above a key resistance zone near $3.03, which analysts now refer to as the “Chasm.” The Chasm level, marked by previous cycle highs, serves as a psychological and technical barrier in the chart’s long-term projection.

Key Resistance and Support Levels

XRP is presently testing resistance at $3.17, which matches its 24-hour high. This level aligns with upper trend boundaries on the chart and is closely watched by technical traders. Immediate support is set around $3.04, just below the breakout zone. Should price dip, further support may be found at $2.90 and $2.65, based on previous reaction zones and moving average levels.

However, the current structure suggests XRP remains stable above its primary support. Analysts have noted the importance of this monthly close for establishing a long-term trend shift. Technical projections on the chart highlight potential targets at $11 and beyond, although these levels remain speculative and dependent on sustained bullish structure.

Short-Term Targets and Timeframe Considerations

The annotated chart places special focus on the September 2025 timeframe, where projected cycle highs could be tested if momentum persists. A noted breakout from the current structure could propel price toward $8.93 and possibly $32.48, based on previous cycle expansions.

For now, maintaining the monthly close above $3.03 remains the immediate target, with just under 19 hours left in the July session. This milestone would set a new historical benchmark for XRP, reinforcing the significance of the current cycle’s progress.