As of today, XRP is trading around $2.93, fluctuating between $2.91 and $3.05 in intraday activity. Recent price movement—from a peak near $3.17 on July 31 to a low of $2.94 on August 1—reflects heightened volatility and a minor pullback below the $3 threshold.

Technical Setup: Bullish Divergence & Dragonfly Doji

On the four-hour chart, XRP is displaying a bullish divergence, where the price forms lower lows while the RSI forms higher lows—an indication of weakening bearish momentum and a potential reversal.
Additionally, a Dragonfly Doji on the daily chart signifies strong buyer support after initial selling pressure. This pattern previously preceded a 65% rally in April 2025, reinforcing confidence in the current technical outlook.

Key Levels: Support at $2.80–$2.95

The price zone between $2.80 and $2.95 is acting as a major support area, widely described by analysts as a “make-or-break” range. Holding above this band may validate the bullish case, while a breakdown below it could undermine near-term momentum.

Resistance & Potential Upside Targets

Should XRP reclaim $3.00–$3.05 with sustained volume, analysts foresee breakout targets around $3.60, with bullish extensions reaching $4.00–$5.00 in the weeks ahead.
Some optimistic forecasts suggest XRP could surge toward $6–$8 in August, especially if investor sentiment remains strong and broader market conditions align.
Veteran traders have even suggested XRP could reach $4.47 in a short-term 60% rally scenario, based on repeating historical patterns and technical symmetry.

Projection models estimate a potential 15–20% price increase in August, with XRP trading within a likely range of $2.93–$3.38 depending on market conditions.

Risks & Trend Weakness Signals

Despite the bullish outlook, caution is advised. XRP remains below key moving averages (such as the 20 and 50 EMAs), which are now acting as short-term resistance near $3.09–$3.14.
Momentum indicators like the RSI are hovering near neutral, and the ADX shows a weak trend signal, suggesting consolidation rather than a clear breakout.
On-chain data also shows reduced exchange inflows and some profit-taking among short-term holders, a potential sign of waning speculative appetite.

August Outlook: Three Scenarios

XRP is positioned for a potential 20% rally in August, driven by technical indicators like bullish divergence and strong support at the $2.80–$2.95 range. Reclaiming the $3.05 level would serve as the next catalyst for a breakout toward higher resistance levels.
However, downside risks remain if the price fails to hold key support or broader crypto sentiment weakens. As always, caution and proper risk management are essential in navigating short-term opportunities in the crypto market.