Technical analysis by oaksacorn about Symbol XRP: Buy recommendation (8/3/2025)

Not Trading Advice Most in the XRP community know the Bearableguy123 XRP price prediction of $589. I would argue that this price may be the high of THIS cycle but will not be an all time high. So who is Bearableguy? Satoshi signed off (last email) on April 23, 2011 and said he was moving on to do "other things". 589 days later, Brad Garlinghouse was named CEO of Ripple. Note Brad's number of followers on X continues to be 589. On a deeper fundamental note and from Crypto data platform Dune, XRP Ledger recorded 70 million new transactions last month, bringing the total to 3.83 billion. Last week alone, 13.5 million transactions were added, with an average daily transaction of 1.8 million, which remains among the highest of any chain. XRPL is evolving as a global stablecoin settlement layer. In July, Braza Bank issued $4.2 million BBRL, while daily RLUSD transactions increased from roughly 5,000 to more than 12,000 in a single month. For fun, I added two Fib wedges to picture a possible repeat of 2017. As a friendly reminder the concept of market cap does not play well for a Globally Interoperable, Decentralized Virtual Currency. It just does not apply. So yes, 589 for this cycle is a bit extreme (a repeat fractal of 2017 does put a potential price of 234 in play) but not out of the question.