The XRP market is entering a tense phase as August nears its end. Traders and analysts are focused on an important price threshold: only when XRP closes the month above $3.3 will the long-term bullish structure be confirmed. If it does not surpass this level, XRP's upward trend risks being interrupted in the short term.

Performance in August: Short Increase, Long Decrease

In August, XRP reached a high of $3.35, creating excitement for investors. However, this coin quickly fell into a downtrend, losing nearly 6% in one day, retreating to $2.88. Overall for the week, XRP has dropped more than 11%, reflecting instability in the current period.

Technical Structure: Long-Term “W” Pattern

According to EGRAG's analysis, the monthly chart of XRP has formed a long-term double bottom (W shape).

  • First bottom: formed after a sharp drop from $3.84 (01/2018) to $0.1050 (03/2020), then bounced back up to $1.96 (04/2021).

  • Second bottom: appeared when the price fell to $0.2879 (06/2022), then recovered above $2 by the end of 2024.

Breaking the neckline around the $1.96 – $2 area at the end of 2024 is considered an important breakout sign. XRP retested this area in 2025 and maintained support, before recovering back above $3 last July.

However, EGRAG emphasizes that only a monthly close above $3.3 will truly confirm the bullish pattern, opening up opportunities for a major breakout in September.

XRP Price Forecast in September

Many experts provide optimistic forecasts for XRP:

  • EGRAG: XRP could strongly rise to $28 in September – equivalent to an increase of nearly 777% from the current level.

  • Zach Rector: XRP has the potential to fluctuate in the range of $7 – $15 from 23/8 – 7/9, thanks to accumulation and expectations for an ETF in October.

  • CryptoInsightUK: observed signs of bullish divergence on the XRP/ETH pair, indicating that XRP may begin to outperform Ethereum.

  • CrediBULL: believes that the price action of XRP is currently “stronger” than ETH, which is showing signs of slowing down.

Conclusion

XRP is in a state of 'mental calculation' as it is just one step away from confirming the long-term upward trend. August could become a turning point:

  • If it closes above $3.3, the door will open for an explosive rally in September.

  • If it fails, XRP risks continuing to struggle around the support area of $2 before finding new opportunities.

In the context of the entire market expecting large capital inflows into crypto as the ETF approaches, XRP is becoming one of the most noteworthy coins in August–September 2025.