- XRP historically crushes it in July—could be setting up for another run.
- Analysts calling for $5, $6, even $27… but $1.4 downside risk still looms.
- Keep an eye on $2.22 resistance and July 21 for possible cycle peak action.
Alright, here’s the scoop—if history is any guide, July might be XRP’s time to shine. According to fresh data from CryptoRank, July’s been kind to Ripple’s native token, with green candles popping up in each of the last five Julys. Yeah, five for five.
Now, compare that to the spring stretch—April through June—and the vibes are… let’s just say, a bit shakier. April’s been a mixed bag. Sure, 2021 gave us a jaw-dropping 174% gain, but three of the last five Aprils were in the red. May? Slightly better, but still not stellar. Three out of five Mays also dipped, although 2023 and 2024 gave a couple of small wins. Then there’s June—oof—five straight years of losses. Not ideal.
But back to the good stuff. In July? XRP has scored double-digit gains in four out of the last five years. That’s not just decent—it’s bullish fuel.
Can XRP Hit Double Digits?
Crypto analyst Egrag Crypto seems to think so. He’s tossing around a $27 price target for XRP by July 21, based on cycle analysis and previous bull runs. That sounds… ambitious, but hey, crypto’s full of surprises.
He’s not the only one feeling the bullish breeze. Analysts Dark Defender and CasiTrades are chiming in too. According to Dark Defender, XRP is wrapping up its last big consolidation phase on the monthly chart. Once that’s done? Wave 5 could be in play—meaning we might be looking at a serious breakout.
He’s watching resistance at $2.22 and $2.30, while support sits at $1.88 and $1.63. If this wave plays out the way he sees it, targets could hit $3.75 or even $5.85—a new all-time high for XRP.
A Quick Reality Check
Of course, not all roads go straight up. Egrag Crypto also warned that we could see a drop to $1.40 if a major liquidation event hits the market. So yeah, volatility’s still a thing.
Meanwhile, CasiTrades has $6 in his sights, assuming Wave 2 is wrapping up. If XRP hits certain Fibonacci extension levels? We might even be looking at a move to $9.50 or $12. Bold calls, for sure—but not impossible.
