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XRP: Reversal is by no means a certainty, emphasized in recent announcements

Rise of XRP beyond local resistance level may not indicate an imminent long-term turnaround

XRP: A Reversal Cannot Be Guaranteed for Certain
XRP: A Reversal Cannot Be Guaranteed for Certain

XRP: Reversal is by no means a certainty, emphasized in recent announcements

In the world of cryptocurrency, XRP finds itself at a critical juncture, with technical indicators showing a mix of cautious bearish signals and longer-term bullish outlooks.

Currently, the daily candlestick on the XRP chart resembles a spinning top pattern, a configuration often linked to market hesitancy. This pattern typically appears after a corrective bounce rather than the beginning of an upward trend, suggesting that the recent recovery might indicate a potential relief rally, not a sustained upward trend.

The daily chart's structure does not yet indicate a full recovery for XRP. The cryptocurrency is currently trading around $3.00, which is close to the resistance level of approximately $3.27 to $3.31. This level includes the 23.6% Fibonacci retracement level and has proven to be a significant hurdle for XRP.

A clear break above $3.10-$3.20, accompanied by increased volume, is necessary for a sustained reversal in XRP's trend. However, the current daily candlestick does not yet show evidence of a clear break above this resistance, implying that sellers might still intervene.

If XRP drops below the 26-day Exponential Moving Average, there is an increased likelihood of a retest of these moving averages. The 50 EMA at approximately $2.71 and the 100 EMA at $2.60 are the next significant support zones for XRP.

The Relative Strength Index (RSI) for XRP is currently hovering around 51, providing an opportunity for either upward or downward momentum. This indicates that the market may be neutral, neither oversold nor overbought, offering potential for price fluctuations.

The recent legal win by Ripple and the SEC's withdrawal of appeals has reduced regulatory uncertainty, stimulating institutional buying and pushing XRP above prior resistance at $3.27 with heavy volumes. This breakout has sparked more bullish forecasts, with some analysts projecting near-term prices between $6 and $8 based on parallels to the 2017 breakout and strong institutional demand.

Looking further ahead, long-term technical perspectives remain optimistic but dependent on holding major supports and market adoption progress. Analyst EGRAG CRYPTO highlights a critical monthly close support level at $2. Maintaining monthly closes above this level suggests XRP remains in a "super macro bullish cycle," with historical bullish breakout success rates around 67-70%. This supports much higher target forecasts up to $27 over time, while acknowledging near-term volatility.

Elliott Wave analysis points to powerful bullish patterns that could push XRP to new highs, reinforcing the medium-to-long term bullish sentiment in 2025. However, it's important to note that market predictions diverge, with some deeming extreme targets, such as $1,000, unrealistic due to adoption and market limitations.

In summary, XRP’s technical situation in August 2025 shows immediate resistance challenges around $3.27-$3.31, with key support near $3.13 and $2. Breaking above resistance could accelerate bullish momentum towards mid-to-high single-digit prices in the near term, while longer-term outlooks remain optimistic but dependent on holding major supports and market adoption progress. Conversely, failure to sustain support levels may target lower Fibonacci retracements near $2.40 or below.

  1. Cautiousness prevails in the current buying and selling of Bitcoin, as its price prediction is influenced by the market's reaction to XRP's performance due to their interconnectedness in the world of finance and investing.
  2. To make a profitable trade in cryptocurrencies such as Bitcoin, one needs to closely monitor the price of XRP since it could significantly impact the market, especially with predictions pointing towards XRP potentially breaking above its current resistance level and moving towards $6 to $8.
  3. With the long-term technical perspectives staying optimistic, the future performance of Bitcoin, along with other major cryptocurrencies, is likely to be affected by XRP's ability to hold major supports and make substantial strides in market adoption, as indicated by analysts like EGRAG CRYPTO.

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