XRP Analyst Sees Rally to $2 Before Sharp Pullback in August

Crypto analyst Jay Nisbett believes XRP is more likely to move higher than lower in August, predicting a possible rally into the $2 range before a sharp pullback.

Nisbett's charts highlight several technical levels that could shape XRP's price action throughout the month. He outlined four possible price paths, but expects the token to move somewhere between them instead of following one exact route.

The analyst noted that many traders are waiting for XRP to return to $1.00 or below, believing it represents the safest buying opportunity. However, he argues that this hesitation could cause investors to miss the move if the asset never returns to that level.