XRP is on the verge of making crypto history, and investors across the world are holding their breath. With the price hovering around $3.10, analysts are watching closely to see if XRP can finally close a monthly candle above $3.03 โ a level many refer to as โThe Chasmโ. ๐
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๐ฅ Why $3.03 Matters
The $3.03 price level isnโt just another number โ it represents a major resistance point that XRP has never closed above on a monthly chart. A strong finish above this level would signal renewed bullish momentum, with experts predicting it could unlock price targets as high as $7โ$11, or even more in the longer term. ๐
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๐ Where XRP Stands Now
๐ข Current price: ~$3.10
๐ช Holding strong above support at $3.06
๐ Just hours left until the monthly close
The coin is trading comfortably above the critical $3.03 mark โ but with volume slightly cooling down, traders are waiting to see if the bulls can hold the line until the monthly candle closes. ๐
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โ ๏ธ Short-Term Risks
Even with this bullish momentum, analysts are warning of a few risks:
Declining trading activity ๐ฝ
Fewer new wallet addresses ๐
Bearish divergence in futures market ๐ป
If XRP falls below the $3.07 support, the price could retrace to $2.77 or even $2.56 before regaining strength. However, if it holds above โThe Chasmโ, the real fun may just be getting started. ๐งจ
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๐ฎ Whatโs Next?
If XRP does close above $3.03 today, it could mark the beginning of an explosive rally โ possibly toward $7 or beyond. This level could serve as a launchpad for price discovery, and potentially shift XRPโs position in the broader crypto market. ๐๐
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๐ง Final Thoughts
History is in the making for XRP โ but the final outcome depends on whether bulls can keep up the momentum. A monthly close above $3.03 would be a technical and psychological breakthrough, setting the tone for a potentially epic August.
Stay tuned. XRP might just be ready to fly. ๐๏ธ
