XRP News Today: XRP Nears Key Wave 5 Threshold Amid Bullish Technical Signals

Market analysts are closely watching XRP as it appears to be entering what crypto strategist STEPH IS CRYPTO describes as a "final wave" in its current market cycle—a technical signal that could precede a significant price rally. Based on an Elliott Wave analysis, the asset is nearing the completion of a corrective phase, with Wave 4 forming the last leg before a potential impulsive Wave 5 could drive prices much higher [1].

The chart analysis suggests that XRP could break out from its current price level of $3.35 and target a price range between $9 and $12, representing a potential 300% rally [1]. This projection is based on well-defined chart patterns and historical price dynamics, rather than speculative sentiment, making it a compelling case for bullish continuation.

Technical conditions are aligning in XRP’s favor. The asset has recently broken above the $3.30 level, and if it can maintain strength above this support while pushing through resistance at $3.60–$3.80, it would validate the bullish structure identified by STEPH IS CRYPTO. Such a move would confirm the formation of Wave 5, historically known for being the most aggressive and prolonged leg of a bullish cycle [1].

XRP’s recent performance has also benefited from broader market conditions. The resolution of its long-standing legal dispute with the U.S. Securities and Exchange Commission has removed a major overhang, while the overall crypto market has shown renewed optimism. In early August, XRP rose 12.44% in a single day, reaching a 24-hour high of $3.3498, with a corresponding spike in trading volume indicating heightened investor participation [5].

On-chain indicators are also providing support for a bullish case. The MVRV Golden Cross, a key metric used to assess market sentiment, has been interpreted by crypto analyst Ali Martinez as a signal for a potential 630% rally to $22 [3]. Additionally, a surge in trading volume observed on July 22 has been viewed as a sign of renewed accumulation and investor confidence [4].

However, not all signals are uniformly positive. On-chain data from July 16 highlighted increased short-term selling pressure, raising concerns about a possible near-term correction [6]. Despite these bearish indicators, XRP has shown resilience, maintaining its position above key support levels of $2.90–$3.00, which has helped reinforce investor confidence and laid the groundwork for further upside.

The broader crypto market has also played a role in XRP’s recent performance. Bitcoin has held above $114,500 in early August, and altcoins like XRP and SOL have seen gains of 1.5% to 3%. However, ongoing macroeconomic pressures, such as rising trade tensions, could pose a challenge to the sector in the near term [8].

As XRP approaches key technical levels, investors are advised to closely monitor both on-chain metrics and overall market sentiment. The asset appears to be at a pivotal moment, with analysts divided between those anticipating a final accumulation phase before a major breakout and those cautioning about potential short-term volatility. The outcome will likely depend on XRP’s ability to confirm its bullish structure through sustained momentum and strong volume.

Source:

[1] Analyst Spots XRP Final Wave to Precede Massive Rally, Times (https://timestabloid.com/analyst-spots-xrp-final-wave-to-precede-massive-rally/)

[2] XRP News Today: Crypto Analyst Predicts XRP Price ..., AInvest (https://www.ainvest.com/news/xrp-news-today-crypto-analyst-predicts-xrp-price-surge-september-2025-bullish-indicators-2508/)

[3] XRP's MVRV Golden Cross Signals Potential 630% Rally to $22, btcc.com (https://www.btcc.com/en-AU/square/XRP%20News/763393)

[4] Surge in trading volume hints at another bullish run, MSN (https://www.msn.com/en-in/money/markets/xrp-heating-up-surge-in-trading-volume-hints-at-another-bullish-run/ar-AA1JWKX7?ocid=finance-verthp-feeds)

[5] Latest XRP News, Opinions and Feed Today, Binance (https://www.binance.com/en/square/hashtag/XRP)

[6] XRP News Today: XRP Faces Bearish On-Chain Signals ..., AInvest (https://www.ainvest.com/news/xrp-news-today-xrp-faces-bearish-chain-signals-whale-sales-signal-30-drop-risk-2508/)

[8] Bitcoin holds above $114500; Experts see breakout ..., Economic Times (https://m.economictimes.com/markets/cryptocurrency/bitcoin-holds-above-114500-experts-see-breakout-potential-amid-rising-inflows/articleshow/123159799.cms)