📊 Long-term Technical Analysis
TradingView classifies the daily and weekly trend as a Buy, while the Moving Averages indicate mixed signals leaning towards Neutral.
Investing.com indicates strong results:
Most technical indicators (RSI, Stochastic, MACD...) show strong Buy signals.
However, in contrast to some indicators and moving averages that still show caution.
On the Bitget platform, the technical rating trends towards Neutral: a total of 8 sell signals, 9 buys, and 8 neutrals. The stochastic and MACD indicators show a tendency to sell.
🕒 Short, Medium, and Long-term Ranges
MarketScreener rates the trend as:
Short-term: Neutral
Medium and long-term: Bullish
Resistance levels at ~$3.55 and support at $1.29 if the decline continues.
📰 Market Analysis and Price Patterns
After a sharp drop from ~$3.02 to ~$2.75 in one go, XRP formed a temporary support level around $2.75–2.76 and the rebound attempt was rejected at resistance at $2.84, closing at ~$2.82 for the cycle.
The appearance of a double bottom pattern on the daily chart indicates the possibility of a rebound towards $4.
A slowdown in selling pressure and the beginning of large-scale buybacks in the billions indicate renewed confidence among investors amid positive technical signals (such as a decrease in the NVT ratio).
Although August typically sees a historical drop for XRP of around -6%, this year could be the exception due to active investment support and a bullish behavior.
🛠️ Current Technical Indicators
RSI (14) ranges between ~55‑60, indicating a relative balance between buying and selling.
MACD is still slightly positive, indicating that momentum has not yet reversed.
ADX shows moderate trend strength (around 40‑60), indicating the potential for an upward trend if momentum improves.
The so-called Pivot points (Bitget) register resistance around ~2.84, while the first main support levels are at ~2.67–2.74, then ~2.57–2.68 as secondary support, and higher levels support the chances of a rebound towards ~$3.10‑3.21.
🔮 Potential Scenarios for the Coming Period
✅ Positive:
If stability within the support range of $2.75–2.84 continues and holds at support levels, XRP may start to recover towards:
Immediate resistance at ~$3.00–3.10,
Then testing the previous ATH around $3.65–3.70,
In the case of a strong scenario (such as institutional support or organizational clarity), it could exceed $4–5 by the end of August.
⚠️ Warning:
If support at $2.75–2.70 breaks, it could lead to a deeper correction towards $2.50, and possibly $1.60 in the worst-case scenario if severe downward factors coincide.
✅ Summary
Period Expected Trend
Short-term (~days) Fluctuating around $2.75–2.84, with a slow rebound potential.
Medium-term (~weeks) Rising towards ~$3.60 and likely ~$4 if momentum continues.
Optimistic Scenario Reaching $5 by the end of August (under institutional or transformative support)
Technical indicators lean towards positive with strong buy signals from several platforms, but there is some resistance at maximum buying levels. Support at ~$2.75 is key to the current range, and breaking it could open the door for continued decline.
