XRP price is showing real signs of strength again. After bouncing off support near $3.00, the price has climbed to around $3.26, right below a key resistance zone. Buyers seem back in control, and the technical setup looks encouraging.
So, what’s going on with XRP today? Let’s break it down.
📅 What We Got Right Yesterday
In yesterday’s prediction, we mentioned that if XRP broke above $3.10 with momentum, the path toward $3.25–$3.50 could open up. That’s exactly what happened. XRP price rallied straight through $3.25 and topped out at $3.30 before cooling off a bit.
We also flagged the $2.80–$3.00 zone as strong support, and that call held up well. Buyers stepped in right on cue, pushing the price higher.
📊 XRP Daily Snapshot (August 8)
- Current Price: $3.26
- 100-Day SMA: $2.50
- Volume: Steady and backing the move
XRP price has been grinding higher after reclaiming the 100-day SMA. It’s now forming higher lows and higher highs, a classic uptrend setup. The big demand zone between $2.00–$2.55 that held for weeks is still valid and could attract more buyers if price drops back there.
🔍 What the XRP Chart Is Telling Us
The breakout from the long sideways range has played out nicely. That fake-out drop below $2.00 in July was actually a bear trap, and it sparked the move we’re seeing now.
XRP price is sitting just under short-term resistance around $3.30. If that breaks, $3.50 is the next big level to watch. So far, the structure is bullish, and there’s no major sign of weakness on the chart.
📈 Technical Indicators (Daily)
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 59.76 | Momentum is solid but not overheated. |
| ADX (14) | 24.63 | A healthy trend is building. |
| MACD | 0.094 | Bullish momentum is in play. |
| CCI (14) | 80.41 | Bulls are in control, but not yet overbought. |
| ROC | 3.24 | Positive price pressure confirmed. |
| Bull/Bear Power | 0.10 | Buyers have the edge right now. |
Summary: Every indicator is leaning bullish. Trend, momentum, and buyer strength are all aligned.
🔮 What Could Happen Next
Bullish Scenario:
If bulls push past $3.30, XRP could retest $3.50, and maybe even try for $3.60 in the short term.
Neutral Scenario:
If XRP price stalls, we might see more sideways chop between $3.00 and $3.30.
Bearish Scenario:
If $3.00 breaks down, then $2.80 is the next key support. And if that doesn’t hold, price could slide toward the $2.50–$2.55 accumulation zone again.
🧠 Final Thoughts
XRP price is back in bullish territory, with a solid trend forming and no red flags on the chart. All eyes are now on $3.30, that’s the line in the sand. If buyers break it with conviction, the next move could be quick.
Until then, the trend is up, and support is holding. Let’s see if XRP has enough fuel for a breakout.
Read Also: Top Analyst Reveals Bold Ripple (XRP) Price Target for September
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