The Ripple Labs-associated digital asset XRP has seen its price break out of a bullish flag pattern.
With this positive shift, analysts are now projecting that the price could soar within the $8 and $11 range.
This forecast comes as August is shaping up to be one of the strongest for the coin in the past few years.
XRP Dominance Gradually Returning
Market data shows that XRP’s price breakout on the weekly chart in early August caught the attention of market analysts.
Ali Martinez pointed to the bullish flag pattern, noting that it often signals the continuation of an upward move.
In his recent post on X, he said the setup could push the price to higher levels if recent support holds.
In another X post, Dark Defender also offered a positive view, stating that XRP was moving differently from Bitcoin and Ethereum.
He pointed to the XRP/BTC pair, which he described as showing strong momentum.
He added that XRP dominance was already here, suggesting it may follow its path in the market.
It is worth noting that at the time of their analysis, the XRP price was trading above $3.20.
Both analysts saw this level as important to watch for a possible base before another move higher.
XRP Price Outlook From Analysts
Other market watchers agreed with the idea of higher prices for XRP. GalaxyBTC compared XRP’s current price action to patterns seen between 2014 and 2017.
Back then, the coin formed higher lows on multiple occasions before breaking resistance and turning it into support.
He said a close above $3.35 could push XRP price to $4.2 and likely pave the way to $10. At that level, XRP would have a market value above $580 billion at the current supply.
ChartingGuy said XRP was following a 2017 price pattern and could reach $8 before the move ends.
CrediBULL Crypto expected the price to hit $3.80 soon. He saw this as the first step toward $8 and then possibly $10.
Market activity picked up in late July 2025. The Ripple vs. the Securities and Exchange Commission case ended recently, clearing a long-running legal hurdle.
Meanwhile, data from Coinglass showed XRP derivatives volume up 197% in one day to $18.26 billion.
Options trading rose more than 1,300%, while open interest in futures climbed 20% to $8.82 billion.
Traders appeared to be taking positions for larger moves ahead with the over $4 mark in view
Historical Data May Shape XRP August’s Showing
It is worth mentioning that XRP’s past price data shows August has often been a strong month.
As of August 2025, the coin has gained 35% thus far after smaller gains in June and July.
Meanwhile, in 2024, it fell by 9.17% in August. The biggest recent August gain came in 2021, with a 59.9% increase.
It is important to add that in 2020, XRP climbed 8.5% in August. In 2017, it posted a 52.1% rise.
While some years, such as 2023 and 2019, saw August declines, the month has often brought major price changes.
This history makes August an important month to watch. With the 2025 breakout happening as of now August, some traders see it as a possible buying point for higher prices.
In addition, the key will be whether XRP can hold above recent support levels and keep building on its technical breakout.
Analysts agree that the next few weeks will be important. If buying pressure continues, the targets of $8 to $11 could come into view.
If not, the current move may settle into a longer period of sideways trading before the next major shift.
