XRP Price Ends 40-Day Correction – Is a New All-Time High Just Around the Corner?

Jakarta, Pintu News – As reported by CCN (27/8), after failing to maintain its all-time high, the price of XRP (XRP) is now struggling to break through the important resistance level of $3.30.

The previous two attempts to break the level were unsuccessful, but the price now seems to be preparing to try to break it for the third time.

Supported by a bullish wave pattern, XRP’s price movement is showing positive signals indicating that a new record high may be reached soon.

XRP Price Prediction

Analysis on the daily chart (Aug 27) shows that although the price of XRP briefly hit a record high of $3.66 on July 18, the rally could not be sustained.

Read also: Today’s Top 3 Crypto Gainers (Aug 28)

On the contrary, XRP briefly moved above the $3.30 horizontal area (marked by the black circle), but then dropped back down and confirmed the area as a resistance level (red icon).

Moves like this are usually considered bearish signals and are often a sign of a downward trend reversal. That’s evident, as the price of XRP has fallen by more than 17% since reaching its highest point.

Despite the decline, bullish momentum is starting to return. Yesterday, XRP formed a bullish engulfing candlestick pattern (marked with a green icon), which could be the start of a further rise today.

If the price manages to climb back up and break $3.30, this will confirm the start of a bullish trend and open up the opportunity for a new price record.

However, although the price action points to a potential upward trend reversal, the momentum indicators are yet to provide clear confirmation. Currently, the Relative Strength Index (RSI) indicator is at a neutral level of 50, and the MACD indicator is also around 0-signaling no dominant trend direction strength.

As long as these indicators are not showing strong bullish signals, it is uncertain whether the XRP price will break $3.30 or continue its decline.

Why has the XRP Price Increased?

Although price action and technical indicators have yet to fully confirm the direction of the trend, wave count analysis is showing a very bullish signal.

Based on wave counts, the price of XRP has completed the fourth wave of a five-wave bullish pattern, and is now starting to move up towards new highs.

There are two main features that support this analysis:

• XRP price completed the fourth wave decline by returning inside the trend channel from waves one and two.
• XRP also formed an A-B-C-D-E pattern structure (in black) which is a triangle formation of the fourth wave.

Given these two patterns, it is likely that XRP has started the fifth wave-the final wave-which is expected to push the price to a range between $4.10 to $4.24.

If there is an extension of the fifth wave, the price could even potentially go up to $4.87.

XRP vs ETH

Ethereum (ETH) has been the altcoin leader throughout July and August, but XRP could potentially catch up in the near future.

Read also: SharpLink Invests $250 Million in Ethereum, Boosting Holdings to Nearly 800,000 ETH

Against ETH, XRP has seen a decline of more than 50% since March, but is now approaching a key support area at the 0.618 Fibonacci retracement level, which is around 0.0006 ETH. This area also coincides with a horizontal support level, making it a strong zone for a potential trend reversal.

Adding to the optimism, XRP has completed the correction of the A-B-C pattern, where wave C has a length of 0.618 times that of wave A. In addition, the MACD indicator shows a bullish divergence, while the RSI has exited the oversold region.

These signals combined indicate that the price of XRP has the potential to recover against ETH.

Is XRP ATH Reached Soon?

Overall, the price of XRP is currently at a crucial level, where a breakout from the symmetrical triangle pattern would be a confirmation that the rally towards an all-time high has begun.

In addition, XRP is also at an ideal point for a trend reversal against ETH, so there is great potential for XRP to become the top performing altcoin in the next few weeks.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. XRP Price Signals End of 40-Day Slide – Next Stop: All-Time High. Accessed on August 28, 2025