Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
XRP Price Could See 70% Upside to New All-Time Highs Soon

XRP Price Could See 70% Upside to New All-Time Highs Soon

CoinspeakerCoinspeaker2025/08/04 16:00
By:By Bhushan Akolkar Editor Hamza Tariq

XRP is forming a bullish falling wedge pattern similar to the one from earlier this year that led to a 70% price rally.

Key Notes

  • XRP price is setting the stage for a potential breakout, pushing the price toward $3.75 in August.
  • Analysts highlight continued whale accumulation, strength above key exponential moving averages, and expectations of a Fed rate cut in September.
  • The odds of an XRP ETF approval have increased ahead of the September–October window.

Ripple’s native crypto XRP XRP $2.93 24h volatility: 5.0% Market cap: $173.62 B Vol. 24h: $4.79 B has been leading the broader crypto market rally recently, with bulls staging a comeback over $3.0 on Monday.

The technical chart shows that it is forming a bullish fractal pattern, similar to that seen earlier this year, which could trigger a strong 70% XRP price rally ahead.

Will the XRP Price Rally Continue in August?

The current XRP falling wedge pattern shows a close resemblance to that seen between December and January.

On the other hand, the Ripple cryptocurrency continues to maintain support above its 50-day exponential moving average (EMA), thereby highlighting its underlying strength.

XRP Price Could See 70% Upside to New All-Time Highs Soon image 0

XRP price falling wedge pattern | Source: TradingView

After the XRP price breakout in January, it quickly reclaimed its 20-day EMA as support, thereby triggering a strong 70% rally. As a result, XRP went from $2 to $3.39 in a few weeks.

As seen in the above image, the Ripple cryptocurrency is once again seeing consolidation in a falling wedge pattern, as it bounces back from the 50-day EMA, while converting 20-day EMA back into support.

As of Tuesday, August 5, XRP price is testing the upper trendline of its multi-month wedge pattern. This hints at a potential breakout toward $3.75, with these 20% gains coming this month in August. Analyst Javon Marks noted that as far as the Ripple crypto holds $2.47 support, the bullish momentum remains intact.

XRP Price Could See 70% Upside to New All-Time Highs Soon image 1

XRP price breakout | Source: TradingView

However, a failure to break above the resistance could delay further gains, with XRP likely to retest its 50-day exponential moving average (EMA) as immediate support.

A decisive close below this level could open the door for a deeper pullback toward the wedge apex near the 200-day EMA around $2.34.

XRP ETF Approval Odds on the Rise

Despite the near-term uncertainty, some analysts expect the XRP price to break above $4 this cycle. Analysts are bullish about XRP whale accumulation and a potential Fed rate cut coming in September.

On the other hand, top market analysts believe that the odds of an XRP ETF approval during the September-October months have increased once again.

Ripple’s XRP Ledger has seen a steep growth with 70 million transactions recorded in July. This shows that the blockchain network remains resilient with strong market demand. It could serve as a positive catalyst for the XRP price rally ahead.

next
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!