Technical Indicators Flash Green for XRP

XRP is displaying multiple bullish technical patterns that could signal a 20% price surge before August ends. The cryptocurrency's current 【$2.80-$2.95】 support zone has become a critical battleground, with analysts labeling it a potential turning point for the asset's near-term trajectory.

Divergence Hints at Weakening Selling Pressure

On four-hour charts, XRP shows a classic bullish divergence pattern —— where price makes lower lows while the Relative Strength Index (RSI) forms higher lows. This discrepancy suggests diminishing downward momentum, often preceding trend reversals. The daily chart reveals a Dragonfly Doji candlestick, another bullish reversal signal that previously preceded a 65% rally in April.

Make-or-Break Price Zone Identified

Market analyst Cryptoes emphasizes the importance of the 【$2.80-$2.95】 range, calling it a "make-or-break" level. Maintaining this support could preserve XRP's bullish structure, while a breakdown might trigger deeper corrections. The asset currently shows strength by bouncing off its 200-period exponential moving average on four-hour charts.

Falling Wedge Pattern Points to Upside

A falling wedge formation has emerged on XRP's technical charts, typically indicating potential bullish breakouts. A clean break above the pattern's upper trendline near 【$3.07】 could fuel a 20% advance toward the 【$3.60-$3.65】 resistance zone. This projection aligns with the 0.236 Fibonacci retracement level from recent swings.

Market Context and Caveats

While technical factors appear favorable, traders should note cryptocurrency markets remain volatile. The potential rally depends on XRP holding critical support and Bitcoin's market stability. ——As one trader noted—— "The real test comes if XRP can convert this technical strength into sustained buying pressure." All investment carries risk, and readers should conduct independent research before trading.