XRP Price Prediction: Bullish Reversal Signal Appears! Wedge Consolidation Mimics Early Year Pattern, Technical Analysis Indicates a 27% Rise Within the Month

Ripple (XRP) is currently trading around $2.99, and its price movement is forming a key falling wedge consolidation pattern. This classic reversal structure is highly similar to the accumulation pattern before the big pump of 70% in early 2025. Technical indicators suggest that if it successfully breaks through the upper edge of the wedge (with accompanying volume), the short-term target is $3.80, representing a potential rise of 27%. More importantly, Elliott Waves analysis indicates that XRP may have completed a large-scale adjustment wave and is about to initiate the strongest third wave push, with medium to long-term targets aimed at the $6-8 range.

[Falling Wedge] pattern reappears, replicating the signs of the big pump at the beginning of the year The XRP price chart is flashing a potential bullish reversal signal. The token closely associated with Ripple is currently trading around $2.99, and its candlestick is forming a falling wedge pattern—this structure is defined by a series of descending highs. This classic technical reversal pattern often indicates the end of a downtrend and the beginning of a new upward market.

(XRP/USD daily price chart | Source: TradingView)

It is worth noting that the current wedge consolidation is very similar to the pattern that appeared at the end of 2024 (which was manifested as a Bull Flag). At that time, the XRP price strongly broke through after successfully retesting the 50-day EMA (50-day EMA/red line) support, soaring from about $2 to above $3.60 in just a few weeks, with a rise of up to 70%.

[Key support convergence, technical indicators resonate bullish] The bottom of the current wedge structure is also solidly built above the 50-day EMA (currently at $2.79), and this moving average area has once again proven to be an important bullish accumulation zone. Signs of further support on the technical side come from the Relative Strength Index (RSI): this indicator is currently stabilizing around the neutral level of 50. Historical data shows that this position often serves as a springboard for the start of trend reversal.

(XRP/USD Daily Relative Strength Index | Source: TradingView)

If XRP can effectively break through the upper resistance of the wedge with significant volume (Volume Confirmation), its initial technical measurement target is around $3.80 (slightly above the previous high of $3.66). This means that, based on the current price level, the potential upward space could reach 27%.

[Key Risk Control Level: Breaking EMA May Trigger Deep Correction] On the contrary, if the XRP daily closing price effectively breaks below the 50-day EMA ($2.79), it may delay or directly undermine the current bullish outlook, and could trigger a downward test of the key support range of $2.35-$2.40. This price level constitutes a short-term bull-bear divide.

[Elliott Waves Perspective: The Third Wave of Push or Ignite Bull Market, Target 6-8 USD] The Elliott Waves analysis provided by analyst @nology3000 (based on the 12-hour XRP/USD chart) adds more evidence for a bullish expectation. His analysis indicates that XRP has likely completed a full (A)-(B)-(C) corrective wave structure, marking the end of the (st correction wave in a larger five-wave impulse cycle.

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(XRP/USD 12-hour price chart | Source: @nology3000)

If this prediction holds, XRP will officially enter the )3( make a strong push wave with the strongest theoretical explosive power and the largest amplitude. Based on historical Fibonacci extension calculations and combined with XRP's multi-year breakout area, the potential target range for this round of increase points to 6 to 8 dollars.

Specific path prediction: In the short term, a strong push above $3.80 is needed to confirm the start of wave )3(, followed by a period of consolidation in the $5.50-6.00 range, ultimately aiming for the high region of $7.80-8.20.

Conclusion: The technical indicators for XRP are releasing multiple positive signals: the familiar wedge reversal structure, strong support from the 50-day EMA, and a stabilized RSI collectively form a tactical foundation for a short-term push towards $3.80. The long-term bullish blueprint revealed by the Elliott Waves theory — with a potential target for the third wave pointing directly to the $6-8 range — injects stronger confidence into holders. Of course, any breakthrough requires solid volume support, and the $2.79 defense line must not be compromised. If the market cooperates, XRP is expected to deliver a strong performance driven by technicals for investors in August.