Analyst Predicts When Current XRP Price Pullback Will End

Key Points

1. XRP is trading at $2.89, having dipped to an intraday low of $2.80, close to the $2.78 support level highlighted by the analyst.

2. The pullback began in July after a rally from under $2.00, but XRP remains above the Ichimoku Cloud on the chart.

3. Ichimoku time cycles indicate a 42-bar and 33-bar cycle convergence between August 2 and 4, suggesting a high-probability bounce zone.

4. If XRP holds the $2.78–$2.80 support, the next targets are $3.10 and a possible retest of the cycle high at $3.82; failure to hold could see support at $2.55.

5. The analysis is based on technical indicators and is not considered financial advice; readers are urged to conduct their own research.