XRP Sets New Record, But $3.12 Trial Still Open, What’s the Price Outlook?

Updated

July 21, 2025

Gambar XRP Sets New Record, But $3.12 Trial Still Open, What’s the Price Outlook?

Jakarta, Pintu News – After years of trading below its previous record high in 2018, Ripple finally broke through the $3.40 barrier to reach a new record of $3.65 on Friday, July 18. The rise marks the culmination of a rally that has seen the cryptocurrency rise by 68% since the beginning of July.

Analysis Points to $3.12 as Test Zone

#XRP – Retest Still on the Table! 🔍:

Staying above Fib 1.0 ($3.40) is a super #BullishAF sign! 🐂
However, we still need to keep an eye on the descending channel. A retest could very well happen at Fib 0.888 ($3.12), which would mark a critical point for a potential breakout… pic.twitter.com/8yxqHplQVl
— EGRAG CRYPTO (@egragcrypto) July 19, 2025

In a new post on social media platform X, leading crypto analyst Egrag Crypto warned that Ripple (XRP) may experience a test run back to the $3.12 level.

The analyst referred to the 0.888 Fibonacci level, currently at $3.1279, as a logical support zone should Ripple (XRP) experience a retracement from its current price zone. According to the technical chart, Ripple (XRP) is currently consolidating in a descending channel on the 4-hour candlestick chart since peaking at $3.65. However, the currency is still trading above $3.40, which is a bullish sign.

Also Read: XRP Price Surges Again: Momentum Rising, Eyeing Key Resistance

Bullish Momentum Still Intact

While some investors may see the drop to $3.12 as a setback, Egrag believes that the results could actually be bullish in the bigger picture. “If we see a trial here, it could set us up for another launch,” he explains. However, avoiding a test run entirely would be a clearer indication that the bulls are stronger than expected. A clean hold above $3.40 in the coming days would indicate bullish dominance, especially if Ripple (XRP) breaks out of the yellow descending channel displayed on the Egrag chart.

Entry Opportunity for New Investors

#XRP – Retest Still on the Table! 🔍:

Staying above Fib 1.0 ($3.40) is a super #BullishAF sign! 🐂
However, we still need to keep an eye on the descending channel. A retest could very well happen at Fib 0.888 ($3.12), which would mark a critical point for a potential breakout… pic.twitter.com/8yxqHplQVl
— EGRAG CRYPTO (@egragcrypto) July 19, 2025

On the other hand, a controlled visit to the $3.12 zone could offer a better entry point for new investors and prepare Ripple (XRP) for the next leg up towards the $4.16 price target highlighted in the analysis. At the time of writing, Ripple (XRP) is trading at $3.49.

Conclusion

By reaching a new record and the potential retracement that may occur, Ripple (XRP) shows strong market dynamics and attractive investment opportunities. Investors and market watchers will keep a close eye on these price movements to capture opportunities that may arise from market fluctuations.

Also Read: $2 Billion Fresh Money Injection, Bitcoin Ready to Fly Again? Analyst: Big Crypto Rally Signals!

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