Ripple (XRP) has captured the attention of cryptocurrency enthusiasts following a revised forecast from analyst @Shawnmark7899.
Initially predicting a $5-$8 range for July, the analyst candidly admitted missing the mark but highlighted a remarkable 40% price surge, pushing XRP to $3.17. This increase positions XRP for a potential record-high monthly close, fueling optimism for an even stronger August. The updated forecast now targets $8-$15, supported by technical analysis and market patterns.
The analysis hinges on key technical indicators. The weekly chart reveals a breakout from a seven-month falling wedge structure, a pattern often signaling bullish momentum. Additionally, a Relative Strength Index (RSI) golden cross and hidden bullish divergence—where price forms higher lows while the oscillator traces a new low—suggest continued upward pressure. These insights align with educational resources like Babypips.com (2022), which note such divergences as reliable trend continuation signals. However, Binance data (2025) indicates a 24-hour volatility of -6.58%, reminding traders of XRP’s inherent risks.
Beyond technicals, macroeconomic factors could sway XRP’s trajectory. The Federal Reserve’s interest rate decision, anticipated soon (Mitrade, 2025), may impact cryptocurrency markets. Higher rates typically dampen risk assets like XRP, while a rate cut could bolster its climb above $3.00. This interplay suggests traders should pair technical analysis with global economic cues.
@Shawnmark7899’s transparency about the missed July target has earned praise from the X community, with users like @B7298_ appreciating the honesty. Replies also speculate on “God Candles”—significant price jumps—in August, reflecting heightened anticipation. Despite the bullish outlook, the analyst emphasizes that technical analysis offers probabilities, not certainties, urging caution amid market volatility.
As XRP hovers near critical support levels, the coming weeks will test this optimistic forecast. Investors are advised to stay vigilant, balancing technical signals with broader market dynamics.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
