Could August Bring a Move Toward $2?

XRP could be in for a volatile August with promising upside, according to crypto analyst Jay Nisbett.

He believes the token is more likely to move higher than lower this month. Notably, his outlook includes a rally into the $2 range before a sharp pullback.

At the time of writing, XRP trades at $1.07. It is down 1.0% over the past 24 hours, 3.63% over the past week, and 5.78% over the past month. The token is also down 42% year-to-date, according to CoinMarketCap.

Several August Scenarios for XRP

In a post on X, Jay Nisbett shared multiple projected price paths for XRP. He said volatility is possible in both directions, but his overall bias is bullish.

According to Nisbett, XRP is most likely to trade between $1.02 and the low-$1.30 range during August. From there, it could break into the mid-to-upper $1 range or even reach the low-$2 region.

He noted that any move into those higher levels would be short-lived. A rapid retracement could follow before the broader trend resumes.

Nisbett also said he relies heavily on his chart levels. Once they are plotted, he trusts them “almost blindly.”

Key Technical Levels to Watch

Nisbett’s charts highlight several technical levels that could shape XRP’s price action throughout the month. His chart uses:

• White dotted lines for the trend-balanced price.
• Blue dotted lines for likely swing highs.
• Green dotted lines for likely swing lows.

He outlined four possible price paths, shown in different colors, but said XRP will likely move somewhere between them instead of following one exact route.

In one scenario, XRP climbs to $2.50 before pulling back. In another, it rises more modestly to around $1.60 before falling back to support levels.

Considering XRP’s current price, these targets present a promising outlook for holders, with potential gains ranging from 49.53% to 134%.

Market Maker Theory Supports Bullish View

Beyond the technical setup, Nisbett also shared a psychological view of the market.

He argued that many traders are waiting for XRP to return to $1.00 or below, believing it represents the safest buying opportunity. According to him, this hesitation could cause investors to miss the move if the asset never returns to that level.

Instead, he argues many investors may end up buying after XRP has already climbed into the mid-$1 to $2 range. At that point, larger players could trigger a sharp pullback, catching late buyers off guard.

Nisbett described this as thinking “like a market maker,” implying that markets often move against prevailing retail expectations before establishing a sustained trend.

Although he expects price swings to remain high throughout August, Nisbett still believes XRP is more likely to move higher in the near term.

XRP Leverage Remains Low

Meanwhile, CryptoQuant data shows that traders are using much less leverage on XRP than they did during the strong rallies earlier in 2025.

On July 31, Binance’s open interest in XRP stablecoin-margined futures fell to about $186 million, its lowest level since April 2025. Bybit recorded the highest open interest at roughly $229 million, while OKX stood at about $49 million.

Most leveraged XRP trading is now happening on Bybit and Binance, which together account for nearly 89% of the open interest across the three exchanges.

Lower open interest suggests XRP is trading with fewer leveraged positions than earlier this year. While this alone does not indicate the next price direction, it points to a less crowded derivatives market. Analysts typically evaluate open interest alongside funding rates, trading volume, liquidations, and spot-market demand to assess broader market conditions.