XRP price analysis on August 21
$XRP I have prepared a technical analysis of the price of XRP for you, based on the data available as of today.
=======
Current situation and key levels
Currently, XRP is in a consolidation phase after a recent correction. This means that the price is fluctuating within a certain range without a clear direction.
Consolidation range:
The price moves within a corridor between support and resistance levels. An important support level is $3, and resistance is around $3.40. Consolidation of the price above or below these levels may determine the further direction of movement.
Support:
The level at $3.00 is key. If the price stays above this level, it could signal a bullish movement.
Resistance:
Levels at $3.40 and $3.79 are important resistance points. A breakout and consolidation above these values could open the way to new all-time highs (ATH).
========
Indicators and their signals
Bollinger Bands:
The price of XRP is in the middle of the Bollinger Bands, indicating a pause in movement. The expansion of the bands suggests that the upward momentum is not yet exhausted.
Moving averages:
XRP quotes consistently stay above the 20-day moving average, confirming the strength of the upward trend.
Oscillators (RSI, MACD, etc.):
Some oscillators show signs of oversold conditions, which may indicate a possible rebound or upward price reversal in the near term.
========
Possible price development scenarios
Bullish scenario (most likely):
If the price of XRP stays above the key level of $3.00, there is a high probability of further growth. The following scenarios are possible:
Breakout and growth:
The price breaks and consolidates above $3.40, then moves to the level of $3.79 and potentially to new ATH.
Consolidation and breakout:
The price continues to consolidate in the range of $3.00 - $3.40, after which a strong upward breakout follows.
=========
Bearish scenario:
If the price of XRP cannot hold the support level of $3.00 and drops below, it could lead to further decline.
=======
Long-term forecast
Many analysts link the long-term prospects of XRP to the outcome of the lawsuit with the SEC and the overall state of the crypto market. In the case of a favorable outcome and the start of a new bullish cycle, the price of XRP could rise significantly.
Forecasts for 2025:
Some analysts predict a rise to $5.50, and under very favorable conditions (e.g., if Bitcoin's total market cap reaches $3 trillion) — even up to $9-15.
Forecasts for 2026:
An increase to $8.00 is expected, provided the use of Ripple technology expands.
=========
Important note:❗️
Technical analysis is not a guarantee of future results. It is merely a tool for assessing probable scenarios. Always conduct your own research and consider market risks.
