- XRP defies dip, aims for highest monthly close ever recorded.
- Strong breakout pattern signals potential continuation of long-term bullish trend.
- Historical setup mirrors 2017 rally, momentum builds despite recent pullback.
XRP is on track to close the month with its highest recorded level despite earlier price dips that unsettled short-term traders, according to Xoom (@Mr_Xoom) on X. At the time of his update, XRP was priced at $3.0599, just hours before the monthly close, putting it in a position to break a historic record.
Throughout July, XRP proved its strength. It has been quick to rebound after temporary drops in value and has maintained an upward trend. This month has been a complete bearish disregard, as XRP has surged more than 36 percent, previously reaching an all-time high of $3.6.
A closer look at the chart reveals technical formations supporting this momentum. A descending triangle that dominated price action from 2014 to early 2017 also resembles the breakout that occurred in the recent few months.
The recent breakout caused a consequent explosive move, and things seem to indicate that the same pattern may be on its way.
If XRP closes today at this level or higher, that’ll be the highest monthly close for XRP ever.
2.5 hours to go. pic.twitter.com/4yEaPKgppn
— xoom (@Mr_Xoom) July 31, 2025
Also Read: Coinbase’s New Report Excites XRP Community – Here’s What’s Happening
Historical Patterns Point to Strength Despite Short-Term Pullbacks
The setup shared by Xoom highlights how XRP’s structure aligns with its historical performance ahead of major rallies. In 2017, feeling the effects of many years of collection and horizontal trade, a huge monthly candle validated a breakout that resulted in the previous all-time highs of XRP.
Although it has experienced light pullbacks, XRP has performed overall well this year. The steady defense of support levels and continuous bullish momentum at the end of the month are the greatest signs that long-term holders are optimistic.
The dynamic action in the prices also affirms that the institutional and retail activity is slowly coming back.
Source: @Mr_Xoom
Also, if XRP is able to sustain its pricing till the end of the day, it will break its previous monthly high. This would be a make-or-break situation for the asset and shift it into a new technical landscape that has not been witnessed since 2018.
Large-scale market players pay close attention to monthly closes as one of the effective indicators of trend confirmation.
The strength shown throughout July, combined with a breakout from long-term resistance, supports the possibility of a record-high monthly close—despite earlier dips that briefly tested market confidence.
Also Read: Here’s Why XRP Is Down Today, Crashing Below $3
