Since the update of its all-time high at $3.65 in July, XRP’s price has fallen by nearly 18%. The current trend suggests a distribution phase, to be followed by a strong bullish impulse, according to the analyst known as XForceGlobal.
$20 remains the primary cycle target.#XRP still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro.
To simplify things, these are the two scenarios:
1. Strong impulse continuation
2. Wave 1-2 Flat, continuation pic.twitter.com/wIbe6q2boJ— XForceGlobal (@XForceGlobal) August 27, 2025
He stated that in this cycle, the key target for XRP remains $20, despite strong resistance at the psychological $4 mark. The expert emphasized that the recent correction does not negate the overall bullish macro forecast.
XForceGlobal outlined two possible scenarios:
- as in previous cycles, a pullback will serve as “preparation” for a rally—after a 50% drop from January highs, the altcoin set a new price record;
- according to Elliott Wave Theory, XRP will end the current “lull” period, followed by a third wave of growth.
“Essentially, there are only two most likely scenarios, and we are very close to a strong upward movement. There are no signals indicating a deeper decline,” the analyst noted.
What Do Others Think?
Crypto trader Matthew Dixon confirmed that XRP is currently trading within a symmetrical triangle on the daily chart.
That Triangle interpretation does make sense when you look at the BIG picture for #XRP
That proposed Triangle is in wave 4 position (not overlapping wave 1)
Meaning choppy price action before the impulse higher pic.twitter.com/RusrNggV97— Matthew Dixon — Veteran Financial Trader (@mdtrade) August 26, 2025
To confirm a bullish breakout, the price must close above the upper boundary of the triangle at $3. The next significant resistance level is $3.66, which must be overcome to continue the upward trajectory.
According to Dixon’s calculations, consolidation within the triangle is part of the distribution phase under Wave Theory. He stated that this will be followed by an impulse that will send XRP to $4.
At the time of writing, the altcoin is trading at $3. Over the past week, its price has increased by 3.5%.
Previously, Bitget’s chief analyst Ryan Lee also noted that if key resistance levels are overcome, the token’s price will reach $4.
On August 22, a US court finally approved the closure of the SEC case against Ripple. Market participants expect this to bring the approval of an XRP-ETF closer.