On August 7th, XRP is priced at $2.98. The analysis outlines consolidation with lower highs and lows but an overall uptrend. A common pattern discussed involves an impulsive move followed by consolidation, and then continued rally. Fibonacci retracement levels from a low to a high are important, with a key level at $2.85; closing below this suggests a move to $2.64-$2.33. Maintaining above $2.85 is essential to prevent a further decline. Potential upside targets are identified based on Fibonacci levels. There is also a bull flag with a measured move that will take to the $4.45 area. In the short-term view the MACD looks strong although the RSI is bearish and the main price should be over $3.10. A potential to prices reach $5.38-$7.15 area in the long term.