The recent XRP price rebound has shifted the short-term technical structure in favor of buyers, although several resistance levels and overbought momentum readings could still limit the pace of the advance.
XRP traded around $1.50-$1.52 on August 24, according to current market data, after briefly moving as high as roughly $1.70 during the recent rally. The move has also coincided with a renewed increase in institutional demand. Spot XRP ETFs recorded approximately $39.78 million in net inflows during the latest week, taking cumulative net inflows to about $1.55 billion.
That combination has strengthened the bullish case behind the latest XRP price move. However, the technical picture remains mixed enough that traders are watching whether the price can convert the current rebound into a sustained breakout.
XRP Price Prediction: Elliott Wave Structure Points Toward $2.57
One of the more bullish technical scenarios comes from analyst CasiTrades, who is tracking XRP through an Elliott Wave framework. The analysis identifies the 0.786 Fibonacci retracement as an important level for determining whether the recent recovery develops into a larger impulsive move.
XRP is beginning a new trend from the 0.786 macro level, with the next wave targeting approximately $1.78 to complete Subwave 1. Source: @CasiTrades via X
Under that scenario, XRP could first advance toward approximately $1.78 as a subwave 1. A subsequent Wave 2 correction could bring the price back toward $1.30 before a larger Wave 3 potentially targets around $2.57.
The projected structure does not stop there. If the broader five-wave pattern develops as outlined, the price could eventually approach $2.90 as part of a larger macro Wave 1. A later correction could then find support around $1.65, while the longer-term bullish structure would remain intact as long as the price holds above roughly $1.20.
Elliott Wave projections, however, are scenario-based rather than fixed price forecasts. The proposed $2.57 target depends on XRP first clearing the resistance zones currently standing between the market and higher levels.
$1.50-$1.56 Becomes the Immediate Test
The XRP chart is now entering an important technical area.
Analyst commentary from @ammar_jatoi points to a breakout from a multi-month downtrend line, followed by a retest of the $1.50 region. That level previously acted as overhead supply, making the current move an important test of whether former resistance can become support.
XRP’s breakout above a multi-month downtrend could target $2.00+ if it holds above $1.50. Source: Dr. Ammar via X
TradingView-based technical data also places immediate resistance around $1.55-$1.56. A daily close above that area would strengthen the bullish structure and could put $1.70 back into focus.
The nearest support zone is around $1.37-$1.38, followed by a deeper structural level near $1.34. Holding these areas during any pullback would help preserve the current upward trend.
The setup therefore remains relatively straightforward: a sustained move above $1.55-$1.56 would improve the case for continuation, while a loss of $1.37 could signal that the latest rally needs a deeper consolidation.
XRP Faces Major Resistance Near $1.80
@trn_trading has identified the $1.80 area as a significant weekly supply zone. The level also aligns with a downward-sloping trendline and has previously acted as an important barrier for XRP.
XRP has surged toward the $1.80 resistance zone, but the level remains a major supply barrier and potential lower-high area. Source: @trn_trading via X
A confirmed breakout above $1.80 would therefore carry greater significance than a brief intraday move through the level. It could invalidate the lower-high structure highlighted in the bearish setup and provide the technical confirmation needed for a broader continuation.
Until that happens, the $1.80 region remains a potential rejection area.
Below the current market structure, the same analysis highlights a much broader accumulation zone around $0.66-$1.00. That range is well below the current XRP price, but it illustrates how significantly the token has moved from its earlier consolidation base.
RSI Signals Caution Despite Strong Momentum
The biggest challenge to the bullish XRP price prediction is momentum.
ChartNerdTA has highlighted a bearish RSI divergence, with daily RSI readings approaching the high-80s. Such elevated readings indicate that the price has moved sharply in a short period and that momentum is becoming stretched.
XRP’s daily RSI has surged from historic oversold levels to near-record highs, despite price remaining below key $1.80-$2.40 resistance. Source: @ChartNerdTA via X
The comparison with XRP’s previous cycle high is also notable. The analyst points out that RSI levels near 88 were previously associated with the July 2025 peak, when the price reached an all-time high near $3.65.
That does not mean XRP must immediately reverse. Overbought conditions can persist during strong trends. Instead, the signal suggests that the market could experience a pullback or sideways consolidation before another attempt at higher resistance.
Recent market data also shows that leverage has increased alongside the rally. XRP futures open interest rose sharply over the past week, while liquidations increased as traders crowded into the move. This can amplify both gains and declines if the price fails to hold key support.
XRP ETF Inflows Add to the Bullish Case
Institutional flows provide another factor behind the recent price rally.
Spot XRP ETFs attracted $39.78 million in net inflows during the latest week, their strongest weekly performance since May. Cumulative net inflows have now reached approximately $1.55 billion.
Demand accelerated toward the end of the week, with $13.24 million entering the products on Thursday and another $18.38 million on Friday, according to reported SoSoValue data.
XRP price chart. Source: Brave New Coin
These flows do not guarantee that the price will continue higher, but they provide evidence of renewed demand from investment products tracking the asset.
Whale activity has also been cited as another contributor to the rally. On-chain reports indicate that large XRP holders accumulated hundreds of millions of tokens during the recent advance.
The combination of ETF demand, whale accumulation, and strong spot momentum gives the rally a broader foundation than a purely technical bounce.
What Comes Next for XRP?
The short-term XRP price prediction now revolves around a relatively narrow group of levels.
First, the price needs to establish support above $1.50 and clear the $1.55-$1.56 resistance zone. A successful breakout could bring $1.70 into view, followed by the more important $1.80 barrier.
A sustained move above $1.80 would materially improve the bullish technical structure and could open a path toward $2.00. From there, the Elliott Wave scenario outlined by CasiTrades places a potential Wave 3 target near $2.57, with a broader five-wave projection extending toward $2.90.
The path is not guaranteed, however. A rejection from $1.55-$1.80, particularly if accompanied by weakening momentum, could lead to a deeper retracement toward $1.37-$1.38 or $1.34.
For now, XRP’s 50% weekly surge has clearly changed the market’s short-term structure. The next question is whether buyers can turn that momentum into a confirmed breakout rather than another sharp relief rally. The $1.56 and $1.80 levels are likely to remain the most important technical checkpoints as traders assess whether the move toward $2.57 can develop.
