XRP Price Prediction for August 8
Main Idea
XRP's price is experiencing a correction after a recent surge, with potential further declines to $3.15, but a weekly close above $3.33 could signal an upward move to $3.66.
Key Points
1. XRP surged by 7% today but has broken the local support level of $3.2704, potentially dropping further to $3.15.
2. A false breakout occurred above yesterday's peak of $3.333 on longer time frames.
3. A weekly candle close above $3.33 without a long wick could indicate an upward move toward the $3.66 resistance level.
4. XRP is currently trading at $3.2394 at the time of publication.
Description
How long can the correction of XRP last?
$XRP
$3.3112
+6.31%
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