Key Takeaways:
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XRP is mirroring a bullish fractal that led to a 70
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Price eyes a 20
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XRPL growth and stablecoin activity bolster the case for a move toward $4. Seriously, who needs boring investments when you’ve got this?
XRP’s (XRP) latest price action is echoing a bullish fractal from earlier this year, raising the prospect of a strong upside continuation in August. You might want to take notes, this could get interesting.
XRP Falling Wedge Hints at 20
Between December and January, XRP consolidated inside a falling wedge pattern while holding firm above its 50-day exponential moving average (50-day EMA; the red wave). Was this the calm before the storm? We’ll see.
The pattern resolved with a breakout to the upside in early January, reclaiming the 20-day EMA (the purple wave) as support and fueling a 70
As of August, XRP is once again consolidating within a falling wedge after a steep rally, while bouncing from its 50-day EMA and flipping the 20-day EMA back into support. Are we seeing déjà vu? Maybe…
In both cases, XRP’s relative strength index (RSI) pulled back sharply from overbought levels and stabilized near 50, a reset that preceded a breakout in January. It’s like hitting the refresh button-classic move.
The similarities between the two patterns suggest that XRP could be on the verge of another strong move upward. Will history repeat itself? We’re all waiting with bated breath.
As of Tuesday, the cryptocurrency is testing the wedge’s upper trendline for a potential breakout toward $3.75, up by over 20
A rejection at the upper trendline could delay the breakout, with XRP likely retesting the 50-day EMA as support. A close below this level risks a drop toward the wedge apex near the 200-day EMA around $2.34. So yeah, it’s not all sunshine and rainbows.
Some analysts expect XRP to break above $4 this cycle, owing to whale accumulation and a potential Federal Reserve rate cut in September that may fuel risk appetite overall. If that doesn’t sound like a game-changer, I don’t know what does.
XRP’s Fundamentals Remain Robust
Ripple’s XRP Ledger processed over 70 million transactions in July 2025, while more than 1 million new accounts have been created this year, according to data resource Dune Analytics. No big deal, just casually conquering the crypto world.
XRPL’s stablecoins have been a major part of its network growth. Brazil’s Braza Bank issued over $4.2 million worth of its BBRL stablecoin on XRPL in July, making it the second-largest BRL stablecoin after Transfero Group’s BRZ. Who knew stablecoins could sound so glamorous?
In the US, activity around Ripple’s RLUSD has surged, with daily transfers rising from about 5,000 to over 12,000 within one month. Talk about a sudden popularity boost-XRP’s the new rockstar!
XRPL’s growing stablecoin activity and user adoption strengthen its utility narrative, reinforcing bullish sentiment that could support XRP’s rally toward the $3.75-4.00 range. If all of this doesn’t make you a fan of XRP, then you might just be in the wrong market!
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2025-08-05 14:11