Recent data shows that XRP is holding above critical support at $3.00, generating interest in a potential breakout towards the $3.18–$3.45 range. However, historical analysis indicates August as a critical month for the token.
Short-Term XRP Price Patterns
XRP is currently priced at $3.03 and shows several candlestick bodies above the $3.00 mark on the 4-hour chart. The $3.00 support serves as an important psychological level for traders. While candlestick wicks indicate selling pressure, it is not enough to shift the upward momentum. Price may retest the support zone of $2.96-$2.93.
Long-Term Dynamics and Forecasts
Analyst EGRAG has previously set dual price targets for XRP. On the linear scale, the target is $4.89, reflecting a 63% increase from current levels. However, on the logarithmic scale, this target rises dramatically to $48.90, based on historical cycle dynamics and exponential growth trends. This generates interest, but it requires significant time to achieve such extremes.
Institutional Investments and Ecosystem Development
According to Galaxy Digital, as of June 30, 2025, they hold over 15.38 million XRP, indicating high confidence in the asset's long-term value. Ripple is actively working with tokenized U.S. Treasuries through Ondo Finance, further affirming the strategic growth of its ecosystem and the incorporation of real-world assets into the blockchain.
Despite potential growth and support from institutional investors, August historically poses risks of price decline for XRP. Investors should closely monitor the asset's behavior and the overall market conditions.
