Bitcoin’s smaller cousin, XRP, has drawn contemporary bullish bets after it held above the $3 mark in July. According to buying and selling charts and public commentary, the token first pierced $3 in January 2025 — its highest level in seven years — then pulled again earlier than reclaiming that stage in mid-July.
The comeback has some analysts studying the transfer as a change in market construction, and value sits close to $3.12 as momentum checks proceed.
Trendline Breakouts And Support Flip
According to analyst Steph, a breakout above a long-running descending trendline on the weekly XRP chart is what issues now.
Steph factors to the flip of $3 from resistance into assist as a traditional technical cue. He used historic weekly charts to argue that previous breakouts from related trendlines usually led to sturdy rallies, and he highlighted that sample going again to 2022 when value motion started to shift extra visibly.
This is the toughest #XRP bull market ever.
Congratulations when you’re nonetheless right here.
We will get wealthy! pic.twitter.com/cLltUs7MQj
— STEPH IS CRYPTO (@Steph_iscrypto) August 12, 2025
A Pattern Seen Several Times Since 2022
Reports have traced the identical setup throughout a number of cycles. After the Terra collapse in May 2022, XRP fell and shaped a descending trendline that broke in September 2022, sending value to a excessive close to $0.55.
Later, a brand new trendline shaped after which broke across the SEC vs. Ripple ruling in July 2023, which preceded a transfer towards $0.94.
The most up-to-date large run took XRP to about $3.4 in January 2025, after a breakout following the November 2024 US elections. Those episodes kind the spine of the “repeat sample” case.
Analyst Targets And Differing Calls
Steph tasks a possible rise to $14 from roughly $3.12 now, which might equal a few 340% achieve. According to his messaging, some merchants who bought early took income, whereas others who held may see bigger returns if the thesis performs out.
Based on reviews, some commentators have voiced related targets, saying when XRP traded close to $2, that the token was poised for a significant breakout and pointed to Fibonacci ranges towards $14, whereas others put a $14 minimal goal on the desk final March.
What To Watch Going Forward
Volume on any push above latest highs will inform the story. Keep a watch on whether or not $3 stays as assist and whether or not the weekly breakout holds as value strikes larger.
Also watch how lengthy consolidation round $2 lasted — greater than 5 months — as a result of lengthy flat bases can precede sharp strikes if patrons return in power. Derivatives flows and the place giant holders place promote orders will matter too.
Featured picture from Unsplash, chart from TradingView
