XRP Price Update: XRP Nears Technical Breakout Potential for 20% Increase
XRP is currently displaying a promising technical phenomenon that echoes a bullish fractal pattern that was observed back in 2025, leading to a significant price surge of 70%. Presently, XRP is in the process of consolidating within a descending wedge, with the price bouncing off the 50-day and 20-day exponential moving averages acting as crucial support levels. The similarity between the current setup and the one witnessed earlier in 2025 is striking, where XRP saw a breakout to the upside, causing its price to soar from $2 to over $3.39 within a short period.
As of August 2025, XRP is once again testing the upper boundary of the falling wedge, with the relative strength index (RSI) stabilizing near 50 post a significant pullback from overbought levels. This technical configuration hints at a potential impending breakout. If XRP successfully breaks out above the upper limit of the wedge, there is a possibility that the price could surge towards $3.75, marking a gain of more than 20% from its current levels. Conversely, if there is a rejection at this level, it might trigger a retest of the 50-day EMA or a descent towards the wedge apex near the 200-day EMA, presently situated around $2.34.
Many analysts are closely monitoring XRP for any signs of a breakout, with some even speculating that XRP might surpass $4 during this cycle. The rise in whale accumulation and anticipations of a Federal Reserve rate cut in September are contributing to this growing optimism. The resemblance between the ongoing pattern and the earlier one is further bolstering trader sentiment.
Various fundamental factors are also adding to the positive outlook for XRP. In July 2025 alone, the XRP Ledger recorded over 70 million transactions, accompanied by the creation of more than 1 million new accounts. The increasing adoption of stablecoins on the network is further enhancing its functionality. For instance, Braza Bank issued over $4.2 million worth of its BBRL stablecoin on the XRP Ledger in July, making it the second-largest BRL stablecoin. In the U.S., the activity surrounding Ripple’s RLUSD has witnessed a substantial surge, with daily transfers escalating from approximately 5,000 to over 12,000 within just a month.
These developments indicate that the XRP network is making headway in real-world applications, potentially reinforcing the price rally if the technical facets align. While the amalgamation of pattern and fundamentals suggests a strong case for an upward movement, traders are reminded that all investments entail risk and necessitate thorough research before capital commitment.
