- XRP must close August above $3.3 to flip momentum bullish.
- A completed double bottom pattern supports the case for recovery.
- Analysts project targets ranging from $7–$28 if September sparks a breakout.
XRP has been struggling to shake off a bearish stretch after briefly hitting $3.35 on August 14. That high was followed almost immediately by a sharp 6% drop back to the $3 support, and then another 6.6% slide just five days later, breaking below that key level. Since then, the token has been hovering around the $2.99 area, trying to claw its way back.
Market analyst EGRAG says the path forward depends on one number: $3.3. According to his view, XRP must close the month of August above $3.3 to break free from this consolidation zone and position itself for bullish momentum heading into September. Right now, with less than two weeks left in the month, that’s the level to watch.
Double Bottom Structure Gives Hope
EGRAG points out that XRP has already completed a significant double bottom pattern—a bullish structure that looks like a “W” on the charts. The first bottom came back in 2020, when XRP dropped as low as $0.1050 before rallying to $1.96 in April 2021. The second bottom formed after XRP collapsed again to $0.28 in June 2022, later recovering above $2 by December 2024.
The neckline of that structure sat around the $1.96–$2 region, and XRP successfully broke through in late 2024. This year, from February to July, the market retested that neckline at $2 and held strong, allowing XRP to bounce back above $3 in July. For the bullish case to stay intact, though, the token needs to prove strength by closing above $3.3 this month. That price lines up with the next resistance trendline, making it the crucial barrier for XRP’s short-term future.
September Could Be Explosive
EGRAG isn’t the only one expecting fireworks. He’s already suggested XRP could stage a massive rally of 777%, targeting $28 by September 2025 if momentum flips. Meanwhile, media figure Zach Rector has his own bold outlook, predicting XRP could rise into the $7–$15 range between late August and early September.
Other analysts are spotting bullish signals as well. CryptoInsightUK has flagged a bullish divergence on the XRP/ETH chart, hinting XRP may outperform Ethereum in the near term. CrediBULL added that XRP is showing recovery signs while ETH looks due for a breather. The mix of technical patterns, historical structures, and market sentiment has set the stage for September to be a pivotal month for the token.
The Final Stretch of August
As August winds down, XRP’s battle with the $3.3 resistance will likely decide what comes next. Failing to reclaim that level could extend the consolidation and stall momentum, while a strong monthly close above it may open the doors to the bullish forecasts making rounds. With just days left and sentiment split, the token sits at a crossroads—caught between profit-taking and the possibility of its next big breakout.
