Will XRP Surpass $5 in Q4? Analysts Predict a Price Rise

XRP holds an important support level at $2.75 as analysts are following the bullish potential of Wave 5. On-chain data shows that institutional activity and demand are increasing. Price Returns to August Level as the Pattern Forms XRP is trading near an important support level, with traders following signs of direction. Analysts are weighing two main scenarios: continued recovery or a deeper decline in early September. Market structure, on-chain activity, and regional demand are all being considered as the final quarter of the year approaches. Charting Guy, a cryptocurrency market analyst, points out that XRP has returned to a price level similar to early August. He notes that this price range, around 2.70–2.75 dollars, is a strong support area. This move also aligns with the 0.618 Fibonacci retracement of the most recent bullish rally.

Notably, the price is holding firm above the lower boundary of a long-term bullish channel that has been in operation since April. On his chart, the recent decline is marked as Wave 4 in a larger five-wave fluctuation. A bullish fifth wave is anticipated if the support level is maintained. The expected levels for a higher bullish move are $4.16, $4.63, and $5.39. Charting Guy also describes a second scenario. He warns that the market may form a short-term bearish pattern before quickly recovering. He added: "A bearish trap may occur in early September, followed by a rapid reversal." Short-term resistance level remains below 2.94 USD Another analyst, CryptoWZRD, stated that XRP is trading below $2.83 and referred to the recent price action as "choppy." The next support level is near $2.64, while a breakout above $2.94 could trigger another bullish move. A close above this resistance level could allow for a long position. Both XRP and XRP/BTC have slightly decreased daily, continuing the overall trend of Bitcoin. The weekly and monthly charts show hesitation. The market is currently following how market sentiment may change after upcoming economic data from the United States, including the Non-Farm Payroll report. CryptoWZRD also mentioned that the decreasing dominance of Bitcoin could be beneficial for XRP/BTC, which may create an opportunity for the Ripple token to be bullish if BTC remains stable. Large Buyers Participate During Bear Market On-chain data shows that South Korean exchanges have absorbed about 16 million XRP, worth approximately $45.5 million, during the recent bearish period. Analyst Ali notes that XRP "must hold above $2.77 to avoid being adjusted down to $2.40." This activity indicates that institutions are buying in while retail traders are gradually reducing their exposure. Korean platforms are known for driving significant volatility in altcoins. This behavior, sometimes referred to as "Kimchi Premium", indicates that domestic demand can accelerate the market faster than the global average. Recent buying pressure may help establish a foundation around the current price. Activity on the XRP Ledger has also increased. The number of active wallet addresses has risen by 20% in the three days leading up to the launch of Decentralized Media on September 12. At the same time, the Chinese technology company Linklogis has integrated XRP Ledger into its platform, reporting a 23% increase in equity. Data from Messari confirms that XRPL ended Q2 with a record real asset value of $131.6 million.