XRP Must Close August Above $3.3 To Confirm Price Breakout: Here Is The Reason

The XRP market is entering a tense phase as August comes to a close. Traders and analysts are focusing on an important price threshold: only if XRP closes the monthly candle above $3.3 will the long term bullish structure be confirmed. If it does not surpass this mark, the bullish trend of XRP risks being interrupted in the short term. August Performance: Short Term Bullish, Long Term Bearish In August, XRP reached a high of $3.35, generating excitement among investors. However, the cryptocurrency quickly fell into a downtrend, losing nearly 6% in one day, retreating to $2.88. Overall, XRP has decreased by more than 11% over the week, reflecting the instability in the current period. Technical Structure: The “W” Model Extended Over Many Years According to EGRAG's analysis, the monthly chart of XRP has formed a double bottom (W shape ) that has lasted for many years. First bottom: formed after a strong drop from $3.84 (01/2018) to $0.1050 (03/2020), then bounced back to $1.96 (04/2021). Second bottom: appeared when the price fell to $0.2879 (06/2022), then recovered above $2 by the end of 2024. Breaking the neckline ( around the $1.96 - $2 range at the end of 2024 is considered a significant breakout signal. XRP retested this area in 2025 and maintained support before recovering back above $3 last July. However, EGRAG emphasizes that only a monthly close above $3.3 would truly confirm the bullish pattern, opening up the opportunity for a significant breakout in September. XRP Price Forecast For September Many experts have optimistic forecasts for XRP: EGRAG: XRP could soar to $28 in September – equivalent to an increase of nearly 777% from the current level. Zach Rector: XRP has the potential to fluctuate in the range of $7 – $15 from 23/8 – 7/9, thanks to accumulation and expectations for the ETF in October. CryptoInsightUK: observed signs of bullish divergence on the XRP/ETH pair, indicating that XRP may begin to outperform Ethereum. CrediBULL: believes that XRP's price action is currently "stronger" than ETH, which is showing signs of stagnation. Conclusion XRP is in a "brain battle" as it is just one step away from confirming the long term bullish trend. August could become a turning point: If the candle closes above $3.3, the door will open for a explosive rally in September. If it fails, XRP risks continuing to hover around the support area of $2 before seeking new opportunities. In the context of the entire market expecting large capital inflows into crypto as the ETF approaches, XRP is becoming one of the most notable coins in August–September 2025.