XRP is currently situated in a crucial support zone between $2.80 and $2.95, viewed by analysts as a pivotal ‘make-or-break’ level for August. Technical analysis reveals at least two bullish reversal signals on XRP charts. Notably, the four-hour candle chart indicates a bullish divergence where XRP's price creates lower lows amid higher lows on a momentum indicator, suggesting a reduction in selling pressure. Additionally, a positive signal is present on the daily chart, showcasing a candlestick pattern with a long lower wick, implying strong buyer support following initial selling. Historical data shows a similar pattern led to a 65% bounce in April. Furthermore, XRP indicates a classic falling wedge pattern on its four-hour chart, which often precedes a significant price increase. If XRP manages to breach the wedge's upper trendline, a rally toward the $3.60–$3.65 range could materialize by the end of August, marking a potential 20% price increase. However, investors are reminded to conduct their own research as all trading carries inherent risks.

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