XRP records the highest price in its history .. Does the market return it to $ 3.12?

XRP recorded a historic rise on Friday, July 18, 2025, after penetrating the $ 3.40 barrier, which has been steadfast for years to reach a new summit of $ 3.65.

This strong rise came after an increase of 68% since the beginning of the month, which attracted the attention of traders and analysts who started monitoring currency behavior at this sensitive stage of the market.

Does the current decline indicate a re -test of the support level?

Despite this sharp rise, the currency returned to fluctuation between 3.40 and 3.50 dollars, which prompted the well -known analyst “Egrag Crypto” to warn of the possibility of re -testing of a 3.12 dollar level, and this number is not random but rather corresponds to the Fibonacci level 0.888, which represents in technical analysis a strong support area if the price begins to decline.

According to what he showed in his chart on the X platform, XRP has been moving inside a fastening channel for four hours since it reached the last summit, which requires caution to break the 3.40 level in the coming period.

The importance of the level of $ 3.12 in the upscale track

Level 3.12 not only represents a technical support point from Fibonacci perspective, but also matches a previous “block command” formed during the currency rushing to the top.

This technical convergence may constitute a solid base for continued ascension if the currency is proven at this level, in which case XRP is expected to start towards a new goal at the level of $ 4.16, which represents the extension of Fibonacci 1.21 according to the analysis.

The bullish momentum is still existing

Despite fears of a corrective decline, the analyst believes that the scenario may be positive in the medium term, the return of the price to 3.12 and then its launch again will give buyers a new entry opportunity, and prove the durability of the upward trend, but if the XRP currency exceeds the current channel without retreat, this will mean that the rising momentum is stronger than expected, and increases the possibilities of reaching higher targets more quickly.

In both cases, the currency province on trading above the level of $ 3.40 in the coming days will be a vital signal to the strength of the market, and it may be an indication of a brighter future direction, whether after correction or through a direct penetration.