XRP bulls are reawakening as August begins, fueled by rising trading volume, technical optimism, and a broader altcoin revival led by Ethereum and Avalanche. After weeks of consolidation, XRP is once again testing key resistance—sparking renewed hopes that the token could smash through to new highs in the coming weeks.

Current Price Snapshot

As of Monday, August 4, 2025 at 11:16 a.m. ET:

• XRP Price: $3.04
• Bitcoin (BTC): $115,044
• Ethereum (ETH): $3,652

XRP is up over in the past 3 days, outperforming Bitcoin and pushing it toward the top of the altcoin leaderboard. Today’s market wide rebound is boosting sentiment, with crypto traders turning to Ripple’s token as one of the strongest breakout candidates.

Why Analysts Are Eyeing $5 in August

A growing number of traders and crypto strategists believe XRP’s long-awaited $5 breakout may finally come this month. Here’s why:

• Strong Support Base: XRP has held the $3 level despite volatility, signaling resilience and bullish accumulation zones.
• Technical Breakout Brewing: Chart analysts say a cup-and-handle formation is nearing completion, which could trigger a sharp rally if resistance at $3.30 is breached.
• Institutional Attention: XRP has seen increased activity from whales and funds since mid-July, particularly as regulatory pressure eases and the ETF debate heats up again.
• Altcoin Rotation: Ethereum’s recent gains (+4.3% last week) and Avalanche’s surge (+8.1%) suggest capital is flowing into large-cap altcoins—often a precursor to major moves in tokens like XRP.

Crypto Market Tailwinds

According to a MarketWatch data update, large-cap cryptocurrencies have staged a coordinated rebound, with XRP among the best performers. The broader recovery has pushed total crypto market cap back above $2.3 trillion, easing fears of another liquidity crisis like the one that triggered $900 million in liquidations just days ago.

This reversal in market tone is especially important for sentiment-driven assets like XRP. As FOMO creeps back in and bullish technicals align, the setup for a dramatic upward move is hard to ignore.

Resistance Levels to Watch

• $3.20: Near-term resistance zone and neckline of recent bullish pattern.
• $3.66: July high that capped the previous rally.
• $5.00: The psychological barrier and long-term price target for many XRP holders.

If XRP can break through $3.66 in the next two weeks, the rally could accelerate quickly—especially with increased leverage entering the market.

Will the $5 XRP Dream Finally Come True?

The ingredients are lining up: whale accumulation, favorable technicals, renewed media buzz, and macro momentum from Ethereum. While crypto remains volatile and headline-sensitive, XRP appears better positioned than ever before to deliver on its long-standing $5 dream.

Key Takeaways:

• XRP price is rebounding today, trading at $3.04.
• Analysts say August could be the breakout month with $5 in sight.
• Ethereum and Avalanche’s rallies are lifting broader altcoin sentiment.
• Watch for a breakout above $3.66 as confirmation of a bullish surge.

FULL COVERAGE: XRP | Cryptocurrency Market

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