XRP Echoing Past Rally Pattern, Eyes August 20% Surge

Technical Analysis Points to Continued XRP Strength

XRP’s recent price action is mirroring a bullish fractal that catalyzed a 70% rally earlier this year.
Price appears poised for a ~20% breakout, targeting $3.75 by August.
Current consolidation breakout above the 50-day EMA ($XX approx) reinforces the upward bias.
Similarities to the January breakout include RSI stabilization from overbought levels.
XRP is currently testing a falling wedge’s upper trend line near $XX, confirming the new cycle high.

XRP (XRP/USD) is currently exhibiting a technical pattern that closely resembles its breakout phase in early January. This echo suggests a potential significant upside continuation.

From December through January, XRP consolidated within a falling wedge formation, ultimately breaking out upwards and triggering a substantial price increase from approximately $2 to over $3.39. This rally saw the 20-day EMA stepping back into support.

XRP/USD daily price chart. Source: TradingView

Currently, XRP is consolidating after a sharp rise and bouncing off its 50-day EMA, with the 20-day EMA returning to acting as support. This structure forms a falling wedge pattern, similar to the one seen earlier.

Both the January breakout and the present consolidation reversal coincided with XRP’s RSI moving from overbought territory down to neutral levels (around 50), a technical reset that preceded the past breakout. This reinforces the technical argument for a similar outcome.

XRP is currently testing the wedge’s upper boundary, with a successful breakout aiming for the $3.75 target, representing roughly a 20% price increase from recent lows. A rejection could see XRP challenge the 50-day EMA ($XX), while a close below might open the door for further declines towards the falling wedge’s apex near the 200-day EMA ($2.34).

Looking beyond short-term patterns, some analysts project a theoretical upside target near the $4.00 zone, potentially supported by Whale accumulation activity and expectations around a Federal Reserve rate cut in September.

XRP’s Growing Network Fundamentals Underpin Rally Case

Ripple’s XRP Ledger (XRPL) demonstrated robust growth in July 2025, handling over 70 million transactions. The network has also seen a significant increase in new account creation. According to Dune Analytics data, more than one million XRPL accounts were established in 2025 alone.

XRPL daily new accounts and cumulative growth. Source: Dune Analytics

A key driver of network growth is stablecoin adoption. Brazil saw Braza Bank launch nearly $4.2 million worth of BBRL stablecoins on the XRPL in July, positioning itself as the second-largest BRL stablecoin issuer on the network.

XRPL’s BRL stablecoin holders/supply by token. Source: Dune Analytics

In the United States, interest in Ripple’s RLUSD stablecoin has surged significantly, with daily transfer volume increasing from approximately 5,000 transactions to over 12,000 within a single month.

Increased activity involving XRPL’s stablecoins suggests growing utility and institutional acceptance, areas which Jihoon Choi, the editor-in-chief of Binance Research, highlighted as crucial for “establishing XRPL’s position for a more sustainable future pricing structure.” This fundamental growth offers a supportive backdrop to the technical case, strengthening the bullish thesis for XRP reaching the $3.75-4.00 range.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.