Here's What's Next for XRP in 2025 | Credit: Hameem Sarwar
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Key Takeaways
The XRP price trades inside the long-term horizontal support at $3.
XRP has completed wave four in a five-wave upward movement.
Will XRP reach another all-time high price in August?
While the XRP price fell after its all-time high of $3.66 on July 18, it stopped the bleeding on Aug.3, increasing significantly this week.
The latest XRP news is positive, contributing to the bullish price action. Ripple’s OCC banking License application is now live, fueling speculation that it will be approved.
With that in mind, let’s analyze the XRP price action to see if a new all-time high is likely this year.
XRP Price Analysis
The weekly time frame technical analysis shows that the XRP price reclaimed the $3 horizontal area last week by creating a long lower wick (green icon).
Today, the XRP price trades inside the $3 area and attempts to create a bullish candlestick. The $3 area is critical since it was the previous all-time high in January 2025.
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Despite the bounce, the price action has created some worrying signs. First, an ascending parallel channel has contained the movement since the 2025 high.
More recently, the channel rejected XRP in July, at the current all-time high price (red icon).
Channels usually contain corrective movements, so it is not a good sign that XRP trades inside one, despite being in its upper portion.
The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have created bearish divergences (orange) during the two recent highs.
Divergences in the weekly time frame are rare and often lead to long-term trend reversals.
So, the weekly time frame technical analysis does not confirm if the XRP price is in a bullish or bearish trend.
XRP Breakout Incoming?
The daily time frame analysis is more bullish, suggesting the correction is over.
XRP’s count shows that wave four in a five-wave movement has ended with a four-wave pullback, which ended inside the previous channel.
If wave five has started, the XRP rally could continue until at least $4.23, targeting the 1.61 external Fibonacci retracement resistance level.
So, the wave count predicts a new XRP all-time high soon.
The short-term chart confirms the correction is over. Firstly, it shows a completed W-X-Y structure (red), which ended at exactly the 0.5 Fibonacci retracement support level.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
