The price of XRP finally shows signs of strength in August. While the cryptocurrency has closed this month in negative territory for the past three years, this year it remains notably above the crucial $3 mark. Analysts see this as a possible break from the infamous August pattern.
Three consecutive years of losses in August
Data from analyst Steph Is Crypto shows that XRP fell 13.65 percent in 2022, 26.75 percent in 2023, and another 9.09 percent in 2024. This series of monthly red candles reinforced August's reputation as a historically difficult month for Ripple (XRP).
In 2025, this outlook seems to be changing. In early August, the price briefly fell below $3, but buyers intervened decisively. Within a few days, XRP recovered and the monthly chart turned green.
The price recovery above $3 instills confidence
Analysts consider the rapid recovery above the psychological level of $3 as a sign of strong buying interest. The market appears more resilient than in previous years, increasing the likelihood that 2025 will be the first 'green' August since 2021.
This week's legal news has generated greater optimism: Ripple News and the SEC withdrew their appeal, ending a years-long legal battle. Following this announcement, XRP rose more than 13% in a short time.
Decisive price level in sight
Several analysts cite $3.64 as the key resistance level. This is the current all-time high of XRP, reached in July. If this barrier is broken, analysts believe it could open the door to two-digit prices. A positive August would be a significant psychological signal that the historical downtrend has finally been broken.