XRP, the native cryptocurrency of the Ripple network, is showing signs of a potential bullish reversal. Technical indicators are aligning to suggest a 20% price rally by the end of August. Let's dive into the details
Key Technical Indicators
Bullish Divergence: XRP's four-hour candle chart shows a bullish divergence, where the price has been making lower lows, while the Relative Strength Index (RSI) has been making higher lows. This disconnect suggests that the recent selling pressure has been losing strength.
- *Falling Wedge Pattern*: XRP's four-hour chart is flashing a classic falling wedge pattern, a bullish reversal setup that may hint at a strong upside move. The XRP/USD pair bounced off the wedge's lower boundary near the 200-4H exponential moving average, showing strong demand at support.
- *Dragonfly Doji Candlestick Pattern*: XRP's daily chart is printing a Dragonfly Doji candlestick pattern, which has a long lower wick and little to no upper shadow. This pattern suggests that buyers stepped in strongly after early selling pressure, and XRP bounced roughly 65% after printing a similar Doji candlestick in April.¹ ²
Critical Support Zone
The $2.80–$2.95 support zone is emerging as a key battleground, with analysts calling it a critical “make-or-break” price level for the next month. If XRP retains its prevailing bullish momentum above this support range, we could see a 20% rally toward the $3.60–$3.65 range.
Current Price and Outlook
As of August 3, 2025, XRP's current price is $2.8532. While the cryptocurrency market is known for its volatility, XRP's bullish divergence and technical patterns suggest a potential short-term rebound.³
Conclusion
XRP's bullish divergence and technical indicators are pointing to a potential 20% price rally in August. However, every investment and trading move involves risk, and readers should conduct their own research when making a decision.