TLDR
- XRP must close the month of August above $3.3 to confirm a bullish breakout.
- Analyst EGRAG believes a strong monthly close will shift momentum in XRP’s favor.
- XRP recently dropped below $3 after hitting a high of $3.35 earlier in August.
- The double bottom pattern suggests a possible long-term trend reversal for XRP.
- A successful close above $3.3 could set the stage for a rally in September.
XRP must end August above the $3.3 level to initiate a bullish momentum, according to analyst EGRAG. The asset has seen back-to-back declines after reaching a peak of $3.35 earlier this month. XRP price is currently trying to recover after dropping below the critical $3 support.
XRP Faces Key Monthly Close to Secure Breakout
EGRAG identified $3.3 as the crucial resistance level XRP needs to reclaim before September. He stated, “A monthly close above $3.3 is essential for a trend reversal and breakout confirmation.” At press time, XRP is trading at $2.99, slightly below this level.
#XRP – 12 Days to Go! ⏳
A Monthly body candle close above $3.30 will serve as our next launch pad, activating the measured moves ahead! 📈
Key Reminder: Be smart and be patient!#XRPFamily, let’s stay steady and strong! 💪 Together, we rise 🌄and soon we shall fly! 🦅 pic.twitter.com/So6VgzgxXB
— EGRAG CRYPTO (@egragcrypto) August 19, 2025
The coin had previously formed a double bottom pattern on the monthly chart, which is typically bullish. This W-shaped structure began with a drop to $0.1050 in March 2020 and a second low of $0.2879 in June 2022. XRP surpassed the neckline at $1.96 in December 2024 and rallied above $3 in July 2025.
Although the retest of the breakout level around $2 held strong, consolidation returned between February and July 2025. The asset’s current struggle to remain above $3 has slowed bullish optimism. However, a successful monthly close above $3.3 could resume the breakout.
Analysts Highlight Diverging Predictions for XRP
EGRAG believes that if XRP closes August strong, it could rally significantly in September. He predicted a 777% increase, with a target of $28 by September 2025. He emphasized that this projection hinges on XRP surpassing the $3.3 resistance this month.
Meanwhile, Zach Rector expects XRP to surge between $7 and $15 from August 23 to September 7. His projection suggests that external market forces could support a strong price rally. Both analysts see early September as a potential inflection point for XRP.
However, other analysts maintain a more cautious view on the asset’s momentum. CryptoInsightUK pointed out a bullish divergence on the XRPETH chart, hinting at XRP possibly outperforming Ethereum. CrediBULL noted XRP’s signs of recovery while ETH appears to pause.
Broader Sentiment Hints at Potential Upswing
Despite recent setbacks, XRP shows potential for a strong recovery if it maintains key support levels. Current technical structures remain intact, although short-term weakness has challenged immediate upside targets. A break and close above $3.3 may shift the narrative positively for XRP.
The broader crypto market sentiment will also influence XRP’s trajectory in the coming weeks. Volume, sentiment, and Bitcoin’s behavior could determine whether XRP’s next leg is upward. Until then, all eyes remain on XRP’s performance by August 31.
