XRP (XRP) Price Prediction for August 15
Main Idea
XRP price is consolidating below $3.34 with potential for a breakout, supported by bullish technical indicators and on-chain data suggesting upward momentum.
Key Points
1. XRP price is testing multiple EMA supports, with the 4-hour Fibonacci retracement showing it hovering below the 0.786 level at $3.46.
2. Technical indicators like Chaikin Money Flow (CMF) and Supertrend suggest a bullish trend, with DMI readings indicating a developing trend.
3. On-chain data shows a net outflow of -$13.96M, which often precedes upward price movements, with liquidity concentration above $3.34.
4. A breakout above $3.34 could target $3.46 and $3.66, while failure to hold above $3.30 may lead to a retest of $3.20 support.
5. The short-term bias remains bullish above $3.20, but momentum confirmation requires a decisive breakout backed by volume.
Description
The XRP price today is consolidating below $3.34 after staging a recovery from the early August lows near $2.72. The market is currently testing an important resistance zone while trading within a tightening symmetrical triangle, suggesting a breakout setup is in progress. Price action remains above multiple EMA supports, while on-chain flows show a mild outflow bias, hinting at reduced sell-side pressure. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the 4-hour ...
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