XRP Technical Analysis on August 4, 2025: Will the Bullish Wave Continue?

A technical analysis of XRP on August 4, 2025, exploring support, resistance, and indicators to predict market trends.

XRP, known for its speed and efficiency in cross-border transactions, has long been a favorite among crypto traders. As of August 4, 2025, XRP’s price is hovering around $2.92, consolidating after a significant rally. Is this a pause before another big move? Let’s dive into the charts and technical indicators to see where XRP might be headed next. Current Market Snapshot XRP is currently trading within a defined range, with support at $2.88 and resistance at $3.34. This consolidation follows a recent high near $3.65. The daily chart shows XRP moving within a short-term ascending channel, though recent slowdowns in momentum have prompted caution among traders. Trading volume over the past 24 hours stands at roughly $3.8 billion, reflecting robust market activity. Key Support and Resistance Zones The primary support zone lies between $2.88 and $3.00, with a critical level at $2.88. A break below this could trigger a deeper correction toward $2.65. On the upside, resistance levels at $3.34 and $3.65 are key hurdles. A breakout above these could push XRP toward its previous high of $3.84 or higher. Some analysts suggest that clearing $3.65 could spark a parabolic move. Indicator Insights The Relative Strength Index (RSI) is currently around 63, signaling mild bullish momentum. It’s not yet in overbought territory, leaving room for potential upside. However, a drop below 50 could indicate weakening momentum. The MACD indicator also shows a bullish signal, with the MACD line above the signal line, though the narrowing gap suggests momentum might be fading. Chart Patterns and Scenarios A recent 1-hour chart revealed a cup-and-handle pattern, which broke upward near $3.34. Such patterns often signal bullish continuation, but volume confirmation is crucial. In a bullish scenario, a close above $3.34 could target $3.65. Conversely, a break below $2.88 might lead to a test of $2.65. Some believe XRP could first sweep liquidity around $2.80 before resuming its uptrend. Broader Market Influences Beyond technicals, fundamentals play a role. Positive news around XRP’s adoption by financial institutions and progress in Ripple’s legal battles could bolster investor confidence. However, XRP’s correlation with the broader crypto market, particularly Bitcoin, means a market-wide correction could weigh on its price. Can XRP carve out its own path? Trading Strategy For short-term traders, buying near the $2.88 support with a stop-loss below $2.80 could be a reasonable setup, targeting $3.34. Long-term traders might wait for a confirmed breakout above $3.65 to minimize risk. In crypto’s volatile waters, risk management is non-negotiable. Wrapping Up On August 4, 2025, XRP stands at a critical juncture. Key support at $2.88 and resistance at $3.34 and $3.65 will shape its next move. Indicators lean slightly bullish, but traders should stay vigilant for trend confirmation. Will XRP surge to new heights? With disciplined risk management, traders can seize opportunities in this dynamic market.