XRP, the native token of Ripple, is currently under close scrutiny by analysts who have identified potential bullish developments based on technical indicators and market patterns. One such analyst, known as EGRAG, has observed a double bottom pattern on XRP’s monthly chart, a key technical formation that often signals a potential upward trend. This pattern was formed through two distinct price troughs: the first between March 2020 and April 2021, and the second from June 2022 to December 2024. The neckline of the pattern, which aligns with the $1.96–$2 price range, was previously broken in December 2024, although XRP has since retraced and consolidated around the $3 level [1].

EGRAG suggests that for the bullish momentum to continue, XRP must close the month of August above the $3.3 resistance level. This would reaffirm the breakout and potentially shift the trend toward a bullish phase in September. The importance of this level lies in its alignment with the next key resistance trendline, reinforcing its significance in the broader technical context. If XRP fails to break above this threshold, it could face renewed bearish pressure and consolidation [1].

Another analyst, Gert van Lagen, has also highlighted a double-bottom breakout in XRP, projecting a price target of $34 by 2026 based on Fibonacci retracement levels. Van Lagen’s analysis underscores the potential for exponential growth, particularly if XRP benefits from broader institutional adoption or regulatory developments such as the approval of an ETF. These projections are seen as ambitious but are supported by the token’s historical performance during previous bull cycles [2].

Meanwhile, market commentator Dark Defender has reiterated a $10 price target for XRP, emphasizing that the current price is still approximately 200% away from that level. He has outlined a series of intermediate targets—$3.33, $4.36, $5.85—before reaching the $10.4765 milestone. Dark Defender argues that the recent pullback is part of a broader correction phase and that XRP remains on a strong upward trajectory despite short-term volatility [3].

On the technical front, analyst Md Zahidul Islam, citing CoinEdition and Ainvest, has identified key Fibonacci levels and momentum indicators that suggest XRP is likely to retest the $2.80 support level within the next seven days. Following this retest, XRP could rally toward $3.20 by mid-September, assuming it breaks through the $3.38 resistance. However, if XRP falls below the $2.78 support level, it could face further downward pressure toward the $2.20 range [4].

Given these varied but largely constructive outlooks, many traders and investors are closely monitoring XRP’s performance around the $3.3 resistance level in August. A successful close above this threshold could trigger a broader bullish response in September, aligning with several analysts’ price targets. However, it is important to note that these projections are based on technical and market sentiment analysis, and actual outcomes may vary depending on macroeconomic conditions, regulatory developments, and broader cryptocurrency market trends.

Source: [1] XRP Needs to Close August Above This Level to Launch Upward Surge (https://thecryptobasic.com/2025/08/20/xrp-needs-to-close-august-above-this-level-to-launch-upward-surge/) [2] But Have You Ever Caught a 100x Meme Coin Moonshot? (https://crypto-economy.com/xrp-price-prediction-xrp-to-10-cool-but-have-you-ever-caught-a-100x-meme-coin-moonshot/) [3] XRP Price Target To $10 Remains Intact (https://finance.yahoo.com/news/xrp-price-target-10-remains-093308603.html) [4] XRP Price Prediction: $2.80 Retest Before $3.20 Breakout (https://blockchain.news/news/20250823-price-prediction-xrp-280-retest-before-320-breakout-in)