Despite last week’s downturn—where XRP lost more than 6.5% and long positions worth $105 million were liquidated—the digital asset demonstrated resilience. The $2.96 level has proven to be a strong support zone for XRP, and if the current rally continues to build momentum, the token could make another attempt to break above $3.66. A successful move past this resistance would open the door for a potential push toward the $4 mark.

Analyst Insights: Technical Signals Point Higher

Prominent crypto analyst Steph Is Crypto highlighted XRP’s recent chart structure, pointing to consolidation phases that typically precede significant breakouts. According to his analysis, XRP has moved through an initial accumulation range, entered a re-accumulation zone, and is now approaching what he described as a “blow-off top” region.

XRP is projected to see further gains, with momentum building toward a potential new all-time high. Source: @Steph_iscrypto via X

This technical pattern, he suggested, signals the possibility of a major price expansion. “The breakout zone suggests a massive price surge is imminent,” he wrote, noting that XRP had already reached a new all-time high (ATH) of $3.65 in July before retreating.

If confirmed, this breakout could propel Ripple’s token toward the $4 to $16 range, opening the door to ambitious upside targets. Such a move, however, would require strong volume support and favorable market conditions.

Ripple Price Action and Market Dynamics

The latest bounce comes after XRP struggled to maintain momentum above $3.55 earlier this month. Short-term profit-taking pushed prices lower, but whale activity and institutional buying reportedly supported the rebound from $2.96. This defense suggests that larger players see long-term value in Ripple (XRP), despite short-term volatility.

XRP was trading at around $3.05, up 6.61% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Investor optimism has also been fueled by growing chatter around potential XRP ETF news and ongoing discussions about Ripple’s broader adoption. While regulatory uncertainty tied to the XRP ETF decision update continues to cast a shadow, the resilience of the XRP ledger and consistent community interest have kept momentum alive.

Will XRP Go Up? Key Levels to Watch

For traders, the roadmap appears clear: XRP must hold above $3.20 to sustain bullish momentum. A successful breakout past $3.66 would likely put the $4 level within reach, while extended momentum could even target $4.50.

XRP is consolidating within a symmetrical triangle, with buyers and sellers in balance, and a bounce toward the upper boundary remains possible if support holds. Source: TheSignalyst on TradingView

On the downside, losing $2.96 support could send XRP tumbling toward $2.60, a scenario that would test market confidence once again.

Market watchers remain divided. Optimists argue that Ripple Labs’ expanding ecosystem and institutional interest make higher valuations inevitable, with some long-term XRP price predictions 2025 and 2030 pointing to double-digit targets. Skeptics, however, caution that macroeconomic factors and regulatory outcomes—particularly updates in the Ripple SEC lawsuit—will continue to heavily influence price direction.

Final Thoughts

XRP’s latest rebound has revived bullish hopes after a turbulent week, with analysts forecasting the possibility of a new ATH if momentum continues to build. Technical signals, whale activity, and renewed optimism all point to further upside, though risks tied to support levels and XRP ETF decisions remain.

---

Filed under: Bitcoin - @ August 23, 2025 3:00 pm