In August’s bullish phase among the Top 20 tokens, Ripple (XRP) is missing out. Currently, it trades at $3.112, down -1.90% weekly 📉.
Ripple slows down in August
This month, XRP is showing only a limited gain of +3%, much lower than other major altcoins, even though Bitcoin is rising less ⚡.
Weak August for XRP, but not for 2025
In the attached chart, we see August’s Top 20 performance: although Ripple is up, it ranks among the last compared to other top-cap tokens. The leader so far is Chainlink, analyzed yesterday, with a +35% surge 📊.
From a technical perspective, widening the view to early 2025, Ripple is instead among the best tokens: Hyperliquid +76%, Tron +37%, and Ripple +34% 🚀.
A crucial August for Ripple
For Ripple, August has been a key month, balanced by two factors:
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new regulatory clarity after almost five years of the lawsuit with the SEC ⚖️;
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profit-taking, which triggered a partial correction.
Compared to July’s high of 3.665 USDT, the current price shows a contraction of about -15%.
In this context, a statement from Ripple’s CTO two days ago highlighted that institutional players can transfer value on the XRPL ledger without necessarily using XRP itself — showing the broader utility of the Ripple ecosystem 🌐.
Ripple Weekly Overview
Looking at the weekly chart, XRP reached its first peak at $3.40 in January 2025. From there, a descending phase began, breaking below the main support at $1.90 and hitting a low of $1.6118 in April — a drop of 52% in 12 weeks 📉.
From that low, XRP started to rebound: testing resistance at $2.50 in May, retracing to June’s low at $1.90, and then rallying again.
In July, XRP broke resistance at $2.50, rising about +40–45% in two weeks to a peak of 3.665 USDT. From there, it started a decline, ending July back at support levels.
Ripple Daily Scenario
On the daily chart, the correction began after breaking resistance at $3.20. In the last 10 days, XRP stalled and moved downward, testing the first short-term support at $3.05.
On August 12th, XRP fell -8.5% intraday, reaching a low of 2.998 USDT ⚠️. This highlights the fragile phase XRP is in, with the risk of retesting the main support already challenged earlier in August.
Even the RSI indicator shows signs of exhaustion, pointing to a weakening bullish trend 📊.
