XRP Set for a 20% Rally? Bullish Divergences Fuel August Hype

[AIcash]

After a sluggish start to Q3, XRP might finally be waking up.

As August kicks off, technical analysts are eyeing a 20% upside move, with key indicators flashing bullish reversal signals and the $2.80–$2.95 price zone shaping up to be a make-or-break support level.
Bullish Divergence: The Calm Before the Pump?

On the 4-hour chart, XRP is showing a bullish divergence — where price keeps making lower lows, but RSI is rising. Translation? Sellers are losing steam, and momentum may be shifting back to the bulls.

Add to that a Dragonfly Doji candlestick on the daily chart, and the case for a reversal gets even stronger. The last time XRP printed this pattern in April, the price rallied 65% in just days.
️ Support Zone: $2.80–$2.95

Analyst @Cryptoes calls this range the “make-or-break” battleground. If XRP holds above this level, it keeps the bullish scenario intact. Dip below, and we’re likely looking at a deeper correction.
Falling Wedge Breakout?

Zooming back into the 4-hour chart, XRP appears to be breaking out of a falling wedge — a classic bullish pattern. The move started after XRP bounced off the 200 EMA, showing strong demand at support.

If XRP breaks the wedge’s upper trendline and clears $3.07 (also the 0.236 Fib retracement), analysts see upside toward the $3.60–$3.65 zone — a 20% rally from current prices.
️ What to Watch Next

Breakout above $3.07? That’s the ignition point.

Volume confirmation will be key — no rally sticks without real participation.

Macro risk is still in play — FOMC guidance and ETF flows could still shake things up.

Bottom line: XRP bulls have technical momentum building — but it all hinges on holding $2.80+. Keep your eyes on that wedge breakout and prepare for a volatile August.