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Following
XRP Prices rebounded above key support, with analysts predicting XRP could rise another 100%
Price gains triggered by cross-border tokens were blocked at $1.70 after starting in mid-August. A subsequent correction caused it to fall sharply below $1.35. However, the asset rebounded quickly and is now standing above key support level of $1.40. This trend provides more evidence for well-known bullish analysts such as EGRAG CRYSTPTO, who charted the next step for XRP, pointing out that its price could rise by nearly 100%.
Is the target price for XRP $2.70?
The price recovery of XRP was accompanied by a significant increase in trading activity. In late August, spot trading volumes on major exchanges surged to their highest levels since February. Binance alone handled nearly $7.3 billion in XRP spot transactions, followed by South Korea's Upbit ($4.7 billion) and Bithumb ($2.6 billion).
EGRAG believes that XRP is trying to establish a bullish continuation pattern after more than a week of correction (from $1.70 to $1.33). The key is whether the buyer can regain the resistance area that has suppressed multiple asset breakthrough attempts.
EGRAG said that if XRP is ultimately successful, its target price could point to $2.70, which would mean a 100% increase from recent lows. However, several obstacles remain.
The first major resistance is at $1.50, followed by $1.60. Only when XRP can clearly close above these two levels at daily level will it have a chance to target the psychological level of $2.00. If you fail to break through, you can once again rely on the recently verified and effective support level of US$1.25 -1.30.
Demand remains
In addition to the above obstacles, there are some encouraging signs behind the latest wave of gains. The most eye-catching one comes from ETF inflows. Financial products had their best week of 2026 at the end of August, attracting more than $110 million in funding. Cumulative net inflows then hit a record high of US$1.66 billion.
Although the trend has cooled in the past week, funds have maintained net inflows, which is the second consecutive month that positive returns have been achieved.
Ripple whale has also recently carried out large-scale accumulation operations. While these positive developments do not guarantee that EGRAG's $2.70 target will be met, they suggest that market demand remains strong despite asset rejections at $1.70. However, before targeting $2.70, the XRP must overcome other key resistance lines, the first of which is at $1.50.
