XRP (XRP) Price Prediction and Analysis For August 29

The price of XRP is around $3.00 today, after bouncing back from $2.95 support earlier this week. The token has been moving up and down in a smaller triangle, and traders are waiting for a big move as the price becomes less volatile.

Ripple’s Oracle Innovation is a new reason for institutions to adopt it, and ETF inflows keep growing after the SEC’s decision to stop classifying it. Still, traders are split on whether XRP is getting ready to break out or test deeper supports again because it has been stuck at $3.20 and has failed to break higher several times.

XRP Price Holds Firm as Triangle Pattern Tightens

On the daily chart, XRP is trading inside a symmetrical triangle, capped by resistance at $3.20 and supported by the $2.95–$2.97 region. A breakout in either direction is likely to define the next trend.

Key moving averages are converging. The 20-day EMA sits at $3.02, overlapping with price, while the 50-day EMA at $2.95 acts as immediate support. The 100-day EMA at $2.76 and 200-day EMA at $2.49 mark the deeper base if bearish momentum takes hold. The Parabolic SAR dots above price suggest sellers still have control, but the proximity to support zones limits downside risk.

On the 4H chart, the Supertrend indicator has flipped to support at $2.85, adding weight to the $2.85–$2.95 demand zone. The DMI signals muted strength, with ADX near 17, reflecting low trend conviction. Traders expect volatility to expand as the triangle nears its apex.

Notably, popular analyst CryptoBull highlighted on X that XRP is “repeating the same cycle structure,” projecting long-term targets of $37 or even $180. While such forecasts are extreme, they underscore the market’s belief in XRP’s cyclical breakouts.

Whale Activity and Institutional Flows Shape Sentiment

XRP price action is being shaped not only by technical compression but also by fundamental developments. Ripple’s Oracle Innovation, unveiled this month, integrates real-time bank ledger data into the XRP Ledger, addressing transparency and compliance hurdles for institutional adoption.

The impact is already visible. Ripple’s On-Demand Liquidity (ODL) processed $1.3 trillion in Q2 2025, with XRP dominating high-cost corridors like UAE-India. Transaction costs averaged just $0.0004, far below competing chains. Partnerships with Chainlink and DIA further cement XRP’s role as a compliance-first bridge for smart contracts and tokenized assets.

Regulatory clarity has also bolstered flows. The SEC’s ruling in August declassifying XRP as a security unlocked $1.2 billion in ETF inflows in the first month, with projections of $5–8 billion by October. Analysts note that these inflows provide a buffer against downside price volatility while setting the stage for potential upside. Whale wallets have been active in accumulation zones near $2.90, according to on-chain data, suggesting smart money views current levels as strategic entry points.

Contrasting Views: Bulls Defend, Bears Watch

The bullish scenario centers on the triangle breakout above $3.20. A decisive close above this level could open a move toward $3.40 and eventually $3.65, zones aligned with previous supply. With ETF inflows and institutional partnerships accelerating, bulls argue that XRP’s fundamentals now justify a sustained breakout.

The bearish case warns of repeated rejection. Failure to hold $2.95 support risks a slide to $2.76, the 100-day EMA, with further downside to $2.49 if momentum falters. Bears point to muted DMI signals and the Parabolic SAR above price as signs that bulls lack immediate control.

This tug-of-war sets up a binary short-term outlook: breakout above $3.20 triggers bullish momentum, while a close below $2.95 opens deeper downside risk.

XRP Short-Term Outlook: Breakout or Breakdown Next?

In the coming week, XRP is likely to remain pinned within the $2.95–$3.20 band as traders await a catalyst. ETF flow updates and Ripple’s ongoing Oracle adoption will be critical drivers. Volatility is expected to expand, with traders advised to watch the triangle’s resolution closely.

A bullish breakout may test $3.40–$3.65, while a breakdown could retarget $2.76–$2.49. With institutional flows acting as a cushion, downside moves may remain limited unless broader market sentiment weakens.

XRP Price Forecast Table