{"id":82285,"date":"2025-07-20T05:30:52","date_gmt":"2025-07-20T05:30:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=82285"},"modified":"2025-07-20T05:30:52","modified_gmt":"2025-07-20T05:30:52","slug":"xrp-hits-new-ath-but-3-12-retest-still-in-play","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=82285","title":{"rendered":"XRP Hits New ATH, But $3.12 Retest Still In Play"},"content":{"rendered":"

After years of trading below its previous all-time high from 2018, XRP finally broke through<\/a> the $3.40 ceiling to hit a fresh record of $3.65 on Friday, July 18. The move capped off a rally <\/a>that had seen the cryptocurrency rise by 68% from its July open.\u00a0<\/p>\n

However, XRP has returned to hovering around the $3.40 to $3.50 zone following the breakout, and attention is shifting to the possibility of a strong pullback.<\/a> Interestingly, prominent XRP analyst Egrag Crypto says that a retest to $3.12 might be necessary before any further price increase.\u00a0<\/p>\n

Analyst Points To $3.12 As Retest Zone<\/h2>\n

In a new post on<\/a> social media platform X, respected crypto analyst Egrag Crypto cautioned that XRP may be due for a retest of the $3.12 level. The analyst referenced the Fibonacci 0.888 level, which currently sits at $3.1279, as a logical support zone if XRP were to retrace from its current price zone. According to his technical chart, XRP is currently consolidating within a descending channel on the 4-hour candlestick timeframe chart since it peaked at $3.65. However, it is still trading above $3.40, which is a bullish sign.<\/p>\n

\u201cStaying above Fib 1.0 ($3.40) is a super bullish sign,\u201d he noted, \u201cbut we still need to keep an eye on the descending channel.\u201d Keeping this in mind, XRP could break below the $3.40 level, and a retest could happen at Fib 0.888 ($3.12).<\/p>\n

The $3.12 level stands out not just because of Fibonacci symmetry, but also because it coincides with an order block that formed as XRP pushed to new highs. If XRP returns to test this level and holds firm, it may confirm strength in the current rally structure and build the foundation for a continued climb toward the 1.21 Fibonacci extension, which is situated at $4.16.<\/a><\/p>\n\n

Chart Image From X: Egrag Crypto<\/a><\/p>\n

Bullish Momentum Still Intact<\/h2>\n

Although some investors may see a drop to $3.12 as a setback, Egrag believes the outcome could actually be bullish in the bigger picture. \u201cIf we do see a retest here, it could set us up for another launchpad,\u201d he explained. However, skipping the retest entirely would be even more telling as a clear sign that the bulls are stronger than anticipated<\/a>.<\/p>\n

A clean hold above $3.40 in the coming days would point to bullish dominance<\/a>, especially if XRP breaks out of the yellow descending channel featured in Egrag\u2019s chart. On the other hand, a controlled revisit to the $3.12 zone may offer a better entry point for new investors and prepare XRP for its next leg up to the $4.16 price target highlighted in the analysis.<\/p>\n

At the time of writing, XRP is trading at $3.49.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

After years of trading below its previous all-time high from 2018, XRP finally broke through the $3.40 ceiling to hit a fresh record of $3.65 on Friday, July 18. The move capped off a rally that had seen the cryptocurrency rise by 68% from its July open.\u00a0 However, XRP has returned to hovering around the […]<\/p>\n","protected":false},"author":0,"featured_media":82286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82285"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82285"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/82286"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}