Yes — technical charts suggest XRP is poised for a 20 % rally potential by end‑August, if momentum continues and critical support holds.
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⚙️ What’s Forming on the Charts?
Rolling Tech Signal Why It Matters
**RSI Bullish Divergence (4h)** XRP’s price has dipped to lower lows while the 14‑period RSI shows higher lows—indicating seller exhaustion and an oncoming reversal.
Dragonfly Doji (Daily) A long lower wick with close near the high after an intraday dip signals strong buyer intervention, echoing April’s ~65 % rally trigger.
Falling Wedge Pattern XRP is compressing downward into a wedge and has bounced off the 200‑4h EMA. A breakout above the wedge line (~$3.10) could thrust price toward $3.60+.
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⚡ Levels to Watch
Support zone: $2.80–$2.95 — hold this “make-or-break” range and bulls stay intact
Resistance zone(s): $3.30–$3.60 — breakout above $3.10 could clear this and set up the 20 % upside
Upside target: $3.60 → $3.65 — consistent with a 20 % move from ~$3.05
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🧭 The Technical Thesis
XRP’s price momentum is waning at rear, with RSI divergence suggesting sellers are losing control. Meanwhile, support at $2.80–$2.95 remains well defended. If bulls regain control and a breakout above $3.10 occurs in August, retracement toward $3.60–$3.65 seems plausible—marking ~20 % upside from current levels. The confirmation setup: wedge breakout, volume surge, RSI break above 60, and price reclaiming $3.00.
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⚠️ Risk & Caveats
A break below $2.80 could invalidate bullish patterns and target sub-$2.50 levels.
External triggers—like SEC rulings, Ripple headlines, or macro surprises—can skew technical probability.
No model guarantees performance. Always define risk, position size, and keep stop levels tight.
🧠 *For traders looking to reference a possible near‑term setup, XRP’s back‑tested divergence is worth a closer look.*
