XRP News Today: XRP's Price Puzzle: Breakout or Bounce?

XRP remains under scrutiny as analysts weigh in on its potential price movements in the coming months. Recent analysis highlights the possibility of a bullish continuation or a deeper correction, with key price levels and technical patterns shaping the narrative.

According to pseudonymous analyst XForceGlobal, XRP’s macro outlook remains bullish despite a recent 22% decline from its July 18 high of $3.66 to $2.72. The price has since rebounded to around $3, and XForceGlobal projects that $20 remains a primary cycle target. This assessment is based on a consolidation phase within a symmetrical triangle on the daily chart, which suggests the asset could be preparing for a bullish breakout toward $4 [1]. The analyst outlined two possible scenarios: one where a pullback leads to new levels of distribution before a major rally, and another where XRP completes a flat period between Wave 1 and 2 before a large Wave 3 move upward. Both scenarios suggest a high conviction for a larger upward move, with the analyst stating there are "no signals supporting a larger sell-off to the downside."

The current price action for XRP is also being analyzed through the lens of the symmetrical triangle. A breakout above the upper boundary at $3 would confirm a bullish move, with the next major resistance at the eight-year high of $3.66. If the price continues to break through these levels, the measured target of the triangle suggests a potential rise to $4, representing a 34% increase from current levels [1]. Veteran trader Matthew Dixon supports this view, suggesting that the consolidation within the triangle is part of a distribution phase between Waves 3 and 4, leading toward a larger Wave 5 move toward $4 [1].

In contrast, analyst EGRAG presents a broader range of possibilities, with XRP potentially hitting $27, $18, or even $200 depending on whether it interacts with key regression levels. Using a logarithmic scale, EGRAG outlines three potential scenarios: a hit, a miss, or an overshoot. The model currently shows an R-squared value of 0.84754, indicating that it explains about 84.75% of XRP’s past movements [1]. The test of these levels could occur as early as September, according to EGRAG. Historical precedent, including the 2017/2018 cycle where XRP surged to $3.31, adds weight to the idea that a dramatic move is possible if bullish conditions align.

A speculative yet notable angle comes from an analysis of what would happen if Tesla CEO Elon Musk began promoting XRP in the same manner he has with Dogecoin. Using historical data, it was estimated that if XRP experienced the same percentage gain as Dogecoin did under Musk’s influence, it could climb to as high as $175.92 from its current price of $3.00 [2]. This scenario, however, remains purely speculative and is not backed by any direct action from Musk or market conditions.

Currently, XRP is trading just above the key $2.94 support level, which traders are monitoring closely. Analysts warn that liquidity both above and below this level could lead to either a strong rebound or a deeper correction before any significant rally begins. The coin’s position above its 50-period exponential moving average at $2.95 is seen as a positive sign, though short-term traps remain a concern. The next decisive move will depend on whether XRP continues to hold this level or experiences another retest.

Long-term forecasts for XRP remain highly variable, with projections ranging from $18 to $200. These forecasts are influenced by factors such as the outcome of Ripple’s legal battle with the SEC and the broader adoption of XRP in cross-border payment solutions. The coming weeks and months could be pivotal in determining the coin’s trajectory, as both bullish and bearish scenarios remain on the table.

Source:

[1] XRP Holds Above $2.94 Support—Analyst Warns It Could ... (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-holds-above-2-94-support-analyst-warns-it-could-hit-miss-or-overshoot-key-targets)

[2] Here's The XRP Price if Elon Musk Starts Promoting ... (https://thecryptobasic.com/2025/08/29/heres-the-xrp-price-if-elon-musk-starts-promoting-xrp-like-dogecoin/)