Bitcoin’s smaller cousin, XRP, has drawn fresh bullish bets after it held above the $3 mark in July. According to trading charts and public commentary, the token first pierced $3 in January 2025 — its highest point in seven years — then pulled back before reclaiming that level in mid-July.
The comeback has some analysts reading the move as a change in market structure, and price sits near $3.12 as momentum checks continue.
Trendline Breakouts And Support Flip
According to analyst Steph, a breakout above a long-running descending trendline on the weekly XRP chart is what matters now.
Steph points to the flip of $3 from resistance into support as a classic technical cue. He used historical weekly charts to argue that past breakouts from similar trendlines often led to strong rallies, and he highlighted that pattern going back to 2022 when price action began to shift more visibly.
This is the hardest #XRP bull market ever.
Congratulations if you’re still here.
We will get rich! pic.twitter.com/cLltUs7MQj
— STEPH IS CRYPTO (@Steph_iscrypto) August 12, 2025
A Pattern Seen Several Times Since 2022
Reports have traced the same setup across multiple cycles. After the Terra collapse in May 2022, XRP fell and formed a descending trendline that broke in September 2022, sending price to a high near $0.55.
Later, a new trendline formed and then broke around the SEC vs. Ripple ruling in July 2023, which preceded a move toward $0.94.
The most recent big run took XRP to about $3.4 in January 2025, after a breakout following the November 2024 US elections. Those episodes form the backbone of the “repeat pattern” case.
Analyst Targets And Differing Calls
Steph projects a potential rise to $14 from roughly $3.12 now, which would equal about a 340% gain. According to his messaging, some traders who sold early took profits, while others who held could see larger returns if the thesis plays out.
Based on reports, some commentators have voiced similar targets, saying when XRP traded near $2, that the token was poised for a major breakout and pointed to Fibonacci levels toward $14, while others put a $14 minimum target on the table last March.
What To Watch Going Forward
Volume on any push above recent highs will tell the story. Keep an eye on whether $3 stays as support and whether the weekly breakout holds as price moves higher.
Also watch how long consolidation around $2 lasted — more than five months — because long flat bases can precede sharp moves if buyers return in force. Derivatives flows and where large holders place sell orders will matter too.
Featured image from Unsplash, chart from TradingView