XRP (XRP) Price Prediction for August 16

Key Points

1. XRP price rebounded off the 200 EMA on the 4-hour chart after a drop from $3.32, a level aligned with the 0.618 Fibonacci retracement.

2. Key technical levels include resistance at $3.32 (Fib 0.618) and support at $3.04 (200 EMA, 4H) and $2.93 (Fib confluence).

3. Bollinger Bands on the 4-hour chart are contracting, indicating reduced volatility, while the 30-minute MACD is attempting a bullish crossover.

4. Spot netflow data shows a $10.61 million inflow over 24 hours, suggesting renewed buying interest after the dip.

5. The short-term outlook depends on whether XRP can close above the $3.18–$3.20 EMA cluster, with potential targets at $3.26 and $3.32 if bullish momentum continues.