XRP’s ‘bullish divergence’ raises 20% price rally potential in August

Key Points

1. XRP's $2.80–$2.95 support zone is identified as a critical 'make-or-break' level for the next month.

2. A bullish divergence on the four-hour candle chart indicates fading sell-pressure and a potential trend reversal.

3. XRP's daily price chart shows a similar Doji candlestick pattern to one in April that preceded a 65% price bounce.

4. The XRP/USD pair is forming a falling wedge pattern, with a breakout potentially leading to a 20% rally toward $3.60–$3.65.

5. Analysts suggest strong demand near the 200-4H exponential moving average, supporting the bullish outlook.