XRP Poised for 20% Rally as $2.80–$2.95 Support Holds
XRP faces a critical $2.80–$2.95 support zone. On the 4-hour chart, RSI shows a bullish divergence as price records lower lows. The daily chart has formed a Dragonfly Doji, signaling strong buyer intervention at dips. XRP is carving a falling wedge pattern with a key breakout threshold at the wedge’s upper trendline near $3.07, coinciding with the 0.236 Fibonacci level. A decisive close above this level could trigger a 20% rally toward $3.60–$3.65 by late August. Traders should monitor whether XRP holds above $2.80–$2.95 to confirm fresh bullish momentum. All traders should conduct personal research; trades carry risk.
Bullish
XRP’s technical signals point toward a bullish reversal. The 4-hour RSI divergence and daily Dragonfly Doji indicate weakening selling pressure and buyer support at current levels. The falling wedge pattern and breakout threshold around $3.07, reinforced by the 0.236 Fibonacci retracement, suggest a high-probability setup for a 20% upswing toward $3.60–$3.65 in the near term. Holding the $2.80–$2.95 support zone is crucial to maintain momentum. In the short term, these indicators can drive aggressive buying, while a confirmed breakout could extend gains into late August. Market participants typically view such confluences of technical patterns as a strong catalyst for further upside, hence the bullish bias.