XRP could be gearing up for a significant price surge this July, supported by compelling historical data and a wave of bullish analyst sentiment.
CryptoRank data reveals that XRP has consistently posted gains in each of the past five Julys, often outperforming other months with strong double-digit returns - even in broader bearish conditions. This seasonal pattern, combined with current technical setups, is fueling speculation that July may once again serve as a launchpad for a major breakout.
Several prominent crypto analysts suggest that XRP’s extended consolidation phase - marked by months of sideways movement - may be nearing an end. Technical trader CasiTrades believes the altcoin is preparing to break out, possibly reaching new all-time highs (ATHs) within the current cycle.
Echoing this sentiment, analyst Dark Defender has charted a bullish Elliott Wave structure, projecting that XRP is about to enter a powerful Wave 5. If this pattern holds, the next major rally could push XRP to targets between $3.75 and $5.85, surpassing its previous ATH of $3.84 set in 2018.
Despite the optimism, some analysts caution that a significant price dip could occur before any upward momentum. Egrag Crypto, a well-followed market strategist, warns that XRP might face a temporary correction, potentially falling to $1.40 during a sharp liquidation event.
However, if XRP recovers quickly and clears resistance at $2.22 to $2.30, it could regain bullish momentum and begin targeting new highs.
While technicals support a potential move higher, broader market factors - such as U.S. monetary policy, global liquidity conditions, and ongoing regulatory scrutiny - could influence XRP’s trajectory. The ongoing legal battle between Ripple Labs and the SEC remains a wildcard, though recent court developments have been largely viewed as favorable to Ripple.
XRP’s finite supply, use case in cross-border payments, and ongoing institutional interest may also help bolster support levels as macroeconomic uncertainty continues to shape investor sentiment.
XRP’s historical performance in July, combined with emerging bullish technical patterns and analyst projections, positions it as one of the top altcoins to watch in the coming months.
Traders and investors will be closely monitoring price action and key resistance levels as the market heads into what could be a pivotal summer for XRP.