XRP Price Prediction For August 4

by Heber Wilkinson

XRP is as soon as extra beneath stress as bearish indicators continue to create on both weekly and day-to-day charts. One analyst has said that the token is factual hours away from possibly confirming a first-rate bearish divergence on the weekly timeframe, a technical pattern that has previously ended in steep ticket declines. On the opposite hand, at the time of writing, XRP has won 7% and is buying and selling at $2.99.

Weekly Chart Flashing Warning Signs

XRP’s weekly ticket chart reveals the formation of greater highs in ticket, while the Relative Energy Index (RSI) is forming lower highs, a classic ticket of bearish divergence. This pattern used to be closing considered between unhurried 2020 and mid-2021, when XRP experienced a 60%–70% ticket tumble over three months. Despite some solid soar-backs at some point of that tumble, the general pattern used to be bearish.

Now, with a identical setup constructing, a momentary soar is restful seemingly. On the opposite hand, the general outlook for the following one to two months appears bearish, especially if this week’s candle confirms the divergence.

Each day Chart Retests Key Phases

On the day-to-day chart, XRP is at point to trying out a predominant ticket zone between $2.90 and $3.00. This vary has acted as both strengthen and resistance within the previous. Today, it’s unclear whether or no longer XRP will organize to reclaim this diploma or score rejected.

If XRP fails to interrupt above $3 and starts forming red candles from this zone, it might possibly probably maintain to also signal a contemporary wave of marketing. If that’s the case, merchants would possibly well rob into memoir brief positions, especially if the diploma is confirmed as resistance. But when XRP successfully breaks and holds above $3, the token would possibly well soar to $3.15–$3.20, and even test the following resistance near $3.40.

Construction Breakdown Resembles Early 2025 Sample

The newest ticket lope is wanting much like XRP’s pullback between January and April 2025, when the ticket broke beneath a pair of key supports after a solid launch to the year. That length noticed several relief bounces, however the pattern remained downward total.

This suggests that even supposing XRP sees momentary recoveries, the increased structure at point to leans bearish. Dazzling admire earlier this year, where the breakdown completed out over weeks, a identical pullback would possibly well unfold now, even although it might possibly probably maintain to also no longer occur in a straight line.

At this point, powerful depends on how XRP behaves around the $2.90–$3.00 zone. A rejection would possibly well commence the doorways to a deeper tumble, while a solid reclaim above $3 would possibly well per chance prolong the bearish momentum.

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