Warning: XRP Price Could Temporarily Dip To $2.65 By August, But Fundamentals Remain Strong

  • XRP price could temporarily revisit the $2.65 mark before resuming its bullish move by the last quarter of 2025.
  • Fundamentals strongly reinforce the token’s long-term value appreciation.

XRP price recently dipped, erasing its gains since mid-July. In the last 24 hours, the token’s value dropped by over 13% from $3.51 to $3.05 by 6:00 AM Thursday (UTC).

The event also led to XRP’s market cap falling from $207 million to $180 million. Meanwhile, the volatility wiped out over $98.22 million trades in the market, with long positions accounting for 94.31% of the liquidations.

XRP LiquidationSource: Coinglass## A Possible Dip to $2.65 for XRP Price

The 14-day Relative Strength Index (RSI) of XRP has blown past the overbought level since the second week of July. Hence, the current pullback is just the market taking a breather from all the upward momentum as some investors secured their profits.

ADVERTISEMENTWhat was surprising, though, was how it held on for an extensive period within that zone before the eventual correction. This only serves as an indication of the super bullish sentiment of a majority of investors and strong community support for XRP.

Some popular technical analysts like the pseudonymous Egrag Crypto warn that XRP may be due for another journey to the $2.65 mark by the ghost month of August. However, it could only be the “last shake up” in the charts before an exponential climb to new heights during the seasonal Uptober event in October.

The arrival of the altcoin season could speed things up for its significant recovery and momentum build-up to new all-time highs, too.

ADVERTISEMENT## Market Sentiment Remains High

Despite the market turbulence, the current readings of the Crypto Fear and Greed Index on popular platforms like Alternative and CoinMarketCap are within the “Greed” territory at 71 and 67, respectively. The numbers indicate that market sentiment remains high amid expectations of Bitcoin’s (BTC) push to another all-time high, followed by the arrival of the altcoin season once the premier crypto asset exhausts its momentum.

These scenarios could delay the major correction and extend XRP’s bullish momentum. Nonetheless, analysts strongly advise investors and the XRP Army to be more vigilant in their trades by doing their own research and exercising due diligence in the ensuing market fluctuations.

HODL Until 2030

Some analysts believe that those who HODL (hold on for dear life) in their XRP investments until 2030 could be heavily rewarded. At that time, Ripple will most likely have accelerated its master plan for the XRP Ledger (XRPL).

These include the following:

  • RippleNet capturing 14% of SWIFT’s market, or interoperability with the international messaging system
  • Extensive partnerships with payment giants like Visa or Mastercard
  • Ripple becoming a liquidity hub for mega corporations and central banks
  • XRP exchange-traded fund (ETF) listings globally
  • RippleX advancing its programmable payments via smart contracts
  • XRPL adoption for real-world asset (RWA) tokenization, decentralized infrastructure networks (DePINS), decentralized ID systems, and more

XFinanceBullSource: X Finance Bull via XOverall, what the XRP price is experiencing now may only be a temporary setback, which is a part of a broader market cycle, especially now that Ripple is about to officially end its case with the US Securities and Exchange Commission (SEC). The fundamentals for XRPL maintaining its solid ground in cross-border payment adoption and other use cases signal its token’s long-term value appreciation in the long run.

What’s your Reaction? +1 0 Blockzeit Reactions +1 0 Blockzeit Reactions +1 0 Blockzeit Reactions +1 0 Blockzeit Reactions +1 0 Blockzeit Reactions +1 0 Blockzeit Reactions +1 0 Blockzeit Reactions

ADVERTISEMENT

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)