XRP Price Prediction: Jay Nisbett Sees $2 Target for August

Crypto analyst Jay Nisbett believes that XRP is more likely to move higher than lower in August, despite being down 42% year-to-date. His outlook includes a rally into the $2 range before a sharp pullback.

Nisbett shared multiple projected price paths for XRP on social media platform X, highlighting several technical levels that could shape the token's price action throughout the month. He noted that volatility is possible in both directions, but his overall bias is bullish.

The analyst outlined four possible price paths, ranging from a climb to $2.50 before pulling back to a rise 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%.