- XRP is flirting with a monthly close above $3.03—something it’s never done, making it a major pivot level.
- Analyst EGRAG sees a possible breakout to $11 or even $18.5 if resistance breaks; meanwhile, traders like Lynk are shorting big.
- Mixed signals dominate, but historic cycle patterns suggest XRP’s next big move could be around the corner.
XRP’s price is back in the spotlight—and honestly? It’s getting loud. Some traders are jumping into short positions after it slipped to $3.01. Others? They’re calling this the start of something huge. The kind of chart pattern that only shows up once every few years.
So far, XRP has clawed back to around $3.15, up more than 40% over the past month. The battle lines are drawn, and nobody agrees on what’s next.
That $3.03 Level Could Change Everything
One analyst—EGRAG CRYPTO—says this monthly close is the one to watch. Why? Because XRP’s never actually closed a monthly candle above $3.03. Not once. And that level has rejected the token during every big cycle: 2017, 2021… same story.
But now? We’re knocking on that door again. And according to EGRAG, we’ve got a shot.
He highlighted something he calls the “Chasm” – basically a diagonal trendline that’s been haunting XRP for years. Add in the 21 EMA and 33 SMA holding firm underneath, and you’ve got a technical setup that’s looking kinda serious.
If XRP finally closes above that cursed $3.03? EGRAG thinks it could sprint toward $11—and maybe even push to $18.50 in the long run. That’s a big if, though.
Cycle Three: Make or Break?
EGRAG breaks XRP’s price history into three major macro cycles. We’re in the third one now, and—if the pattern repeats—this could be the last big stretch before another blowoff top.
Historically, breakouts followed long periods of chop above those moving averages. That’s where XRP is sitting now, kinda stuck in consolidation mode but still showing signs of life.
The tricky part? That same resistance level—$3.03—is also what capped the two previous rallies. It’s like XRP’s personal glass ceiling.
Break it clean, and the bulls might finally get the fireworks they’ve been waiting for.
A Half-Mil Short Bet Enters the Chat
Not everyone’s betting on a breakout, though. One trader—goes by Lynk—announced a chunky $500K short after XRP slipped from $3.16 to $3.01. His bet? That the rally fizzles, and he walks away with $3 million in profits.
Of course, there’s a catch. If XRP rockets to $3.65, the short gets liquidated. Brutal.
Some other analysts sided with Lynk, arguing that XRP could collapse back to the $0.80 zone if volume keeps drying up. They think bulls need to hold above $3.15, or we might be in for another leg down.
But the bulls aren’t backing off just yet. A few are calling for $10 targets, drawing comparisons to old-school Bitcoin breakout patterns. It’s a messy setup—but one that’s getting harder to ignore.
