In August, XRP’s price surged approximately 40% toward the $1.48 mark, making it the most profitable August for the token in five years and completely reversing the steep spring-summer decline. After breaking through the $1.1470 resistance level with strong upward momentum, the price settled at $1.4853. Bollinger Bands analysis indicates that the $1.14 level now represents the ultimate strategic re-entry point, serving as major support for buyers. The RSI on higher time frames remains neutral at around 49 to 55 points, meaning the market is not critically overheated and the current rally has room to continue. If the price breaks above the monthly Bollinger Bands midline near $1.98, the path would be open for a return to the $2.40 to $3.20 range.
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