- XRP tests the critical $2.90 support zone as short-term indicators signal bearish pressure.
- A popular analyst’s “Color Code” projection maintains a long-term bullish target of $8 to $13.
- The immediate price action at $2.90 is crucial to validate the long-term bullish outlook.
While XRP faces immediate bearish pressure, an upgraded “Color Code” projection maps a long-term bullish cycle that may still be intact.
What Is XRP’s “Color Code” Forecast? The analysis from Egrag Crypto shows a multi-wave structure is in motion. A confirmed close within the chart’s designated green zone would trigger the next major impulsive move, or “Wave 3 of 3,” which the analyst projects could peak around September.
What Are the Next XRP Price Targets in This Model?
If the bullish structure holds, the model’s primary targets for the next major rally range from $8 to $13. The projection also includes higher, long-term extension targets of $18 to $27, contingent on multiple preceding waves completing as forecast.
The immediate question for traders, however, is what will XRP’s price be by the end of August 2025 as it navigates the current market.
Why Is XRP’s Price Down Right Now?
XRP’s price is struggling, reflecting weakness across the broader market. The token trades at $2.91, a 2.89% drop on the day.
Despite its rank as the third-largest digital asset with a $173.62 billion market cap, the mood is cautious. Trading volume is high at $7.1 billion in the last 24 hours, which shows a major battle between buyers and sellers is happening at this key price.
What Do the Immediate Technical Indicators Show?
Short-term charts confirm the bearish pressure and flash a warning sign. The Relative Strength Index (RSI) recorded at 45.76, with its signal line at 48.24, keeping XRP below the neutral 50 level. This signified softening demand while avoiding oversold conditions.
The Moving Average Convergence Divergence (MACD) line measured -0.0284, under the signal line of -0.0254, with a histogram near flat at -0.0030. These readings show why the immediate fight is all about can XRP hold $2.90 as the price compresses.
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