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XRP Price: Will the Altcoin Sustain Momentum Beyond $3?
XRP Price– XRP experienced a rocky start in early July, dropping 2.96% on the very first day of the month. However, this initial stumble quickly gave way to an impressive breakout rally. Between July 6 and July 18, XRP surged by an astonishing 65%, capturing the attention of investors and traders worldwide. This significant upward momentum allowed XRP to break through the psychologically important $3 price level—an area that had previously acted as strong resistance. Once broken, this $3 mark flipped into a critical support zone, providing a foundation for future price movements.
The altcoin’s rally peaked on July 18, when it reached a fresh yearly high of $3.66. Following this, XRP experienced a modest pullback, a natural and healthy correction after such a rapid run-up. Market analysts often see such retracements as necessary for resetting momentum and preparing for the next phase of price action.
Price Targets: Is $6 to $8 Within Reach for XRP in August?
Looking ahead to August 2025, the outlook for XRP remains bullish, especially according to market commentator and XPMarket’s Head of Marketing, Mr. Xoom. He predicts that XRP could continue its upward trajectory and reach between $6 and $8 within the next month. This forecast suggests a potential price increase ranging from 100% to 166% compared to XRP’s current trading price, which hovers around the $3 mark.
If XRP reaches $6, it would set a new, undisputed all-time high for the cryptocurrency, surpassing previous peaks and solidifying its position in the market. While the $8 price target may appear ambitious, Mr. Xoom notes that once XRP surpasses the $6 level, pushing to $8 becomes a more realistic goal. The jump from $6 to $8 would only require an additional 33% increase, which could be attainable if bullish momentum continues.
Other Analysts Also Eyeing the $6 to $8 Range
Mr. Xoom’s optimistic projections are not unique. Several other respected analysts have echoed similar sentiments regarding XRP’s potential for significant gains.
Back in December, analyst EGRAG Crypto anticipated a rally toward the $6 to $8 price range. At that time, XRP was trading near $2.5. EGRAG Crypto highlighted $2 as an excellent entry point, urging investors to buy if the price dipped to that level. This advice proved valuable for early investors, as XRP rose to around $3.4 before briefly falling back near $2 earlier this year.
In his analysis, EGRAG emphasized that surpassing $3.8 would be a crucial trigger for an extended rally toward the $6-$8 zone. This month’s strong upward movement, breaking the $3 support, aligns with his earlier forecasts, giving additional confidence to XRP holders.
Similarly, analyst Casi shared a bullish outlook last month, expecting XRP to hit at least $6.5 by July. She also hinted at the possibility of an even larger rally toward the $8 level, highlighting growing optimism among experienced market watchers.
Current Market Situation and Key Support Levels
Despite the exciting forecasts, XRP has faced some near-term volatility. Within a recent 24-hour period, the token dropped approximately 14%, a correction that tempered some of the euphoria. However, XRP has managed to hold steady above the critical $3 support level, trading around $3.05 at present.
Maintaining this support is crucial for XRP’s immediate future. If XRP can hold above $3 and avoid a deeper correction, it could trigger a strong rebound, pushing the price back above $4. Such a recovery would be a positive signal, potentially igniting a larger rally aimed at the $6 to $8 targets suggested by analysts.
However, with just a few days remaining in the month, the market’s next moves will be closely monitored by traders and investors alike. The challenge lies in whether XRP can sustain enough buying momentum to maintain these levels and avoid further declines.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
