XRP News Today: XRP Eyes 333% Surge as Analysts Predict Breakout in August and September

XRP is drawing renewed attention as several crypto analysts and influencers express optimism about its price trajectory in the coming months, particularly in August and September. Amelie, a prominent crypto advocate, has declared that “August and September will be bullish af for XRP holders,” sparking discussion among traders and investors. Her assertion comes amid a broader market sentiment suggesting that XRP is on the cusp of a significant upward move, fueled by technical indicators, institutional activity, and bullish forecasts from analysts [2].

The optimism is partly rooted in classic contrarian trading principles. Jim Cramer’s recent comments expressing a negative view on market performance in August and September have been interpreted by some as a signal for a potential reversal. Traders have historically found success in taking the opposite stance of high-profile market figures, adding to the narrative that the current bearish sentiment may be short-lived [2].

From a technical standpoint, XRP has shown signs of a potential breakout. After peaking at $3.66 on July 18, the token pulled back to around $2.89 by late July. Analysts have identified a bullish divergence in this pullback, indicating that sellers may be losing steam. The $3.03–$3.10 range is now seen as a critical resistance level. A strong daily close above this level could trigger a move toward $3.50 and potentially beyond [2]. Some forecasts suggest XRP could reach $4.00 or even $5.00 in the short term, depending on how the market reacts to key price levels [2].

Crypto analyst Tony “The Bull” Severino has provided one of the more aggressive forecasts, predicting a 333% surge in XRP’s price over the next 40 days, potentially pushing the token to $13. His projection is based on a classic Elliott Wave triangle breakout pattern, a technical analysis tool that suggests a reversal in price direction. Other analysts, such as Peter Brandt and the Bitget research team, also see upside potential. Brandt anticipates a 60% rally to $4.47, while Bitget analysts project a $5 target by year-end, citing growing institutional adoption and expanding use in cross-border payments [2].

Institutional confidence appears to be growing as well. On-chain data reveals that over 82 million XRP tokens, valued at approximately $246 million, have been moved into cold storage. This movement typically signals accumulation by large holders, reinforcing the case for a bullish outlook. The increased activity is being viewed as a sign of long-term positioning rather than short-term speculation [2].

However, the market is not without its concerns. Ripple CEO Brad Garlinghouse recently sold approximately $200 million worth of XRP over a 10-day period, a move that has drawn attention due to its timing—occurring near a local price high. This has raised eyebrows, particularly given Ripple’s recent resolution with the U.S. Securities and Exchange Commission (SEC), which had previously cited Garlinghouse’s token sales as part of its case. Critics argue the timing of the sale appears bearish, especially in a market that is expecting increased institutional adoption and real-world use of XRP [1].

Despite the mixed signals, the broader technical and macroeconomic landscape appears to support a strong move higher for XRP. Amelie’s bold declaration is not just based on sentiment but on a convergence of factors that suggest the token is setting up for a significant rally. If XRP can clear the $3.25–$3.50 resistance level in the coming days, a move toward $4 or $5 by August becomes increasingly likely. In a sustained bullish scenario, prices could reach $9 or higher by mid-September [2].

As the market watches for signs of sustained momentum, XRP holders are left to weigh the potential of these forecasts against the backdrop of recent on-chain activity. The coming weeks will be critical in determining whether the current optimism will translate into a lasting price move or if the market will face additional headwinds from regulatory or market forces.

Source:

[1] title: So Ripple CEO Sold $200 Million of XRP at the Top

url: https://timestabloid.com/xrp-proponent-laments-so-ripple-ceo-sold-200-million-of-xrp-at-the-top/

[2] title: Top Crypto Proponent Says August & September Will Be Massively Bullish for XRP Holders

url: https://timestabloid.com/top-crypto-proponent-says-august-september-will-be-massively-bullish-for-xrp-holders-heres-why/