XRP (XRP) Price Prediction for August 6
Main Idea
XRP's price is currently trading around $3.03, facing resistance between $3.14 and $3.34, with mixed indicators suggesting short-term indecision and potential for further consolidation or a retest of support levels.
Key Points
1. XRP price is struggling to gain momentum, with overhead resistance between $3.14 and $3.34 stalling recovery.
2. Key technical indicators like Supertrend, VWAP, and DMI suggest a bearish tilt and weakening bullish momentum.
3. The 4-hour chart shows XRP price pressing against the 0.5 midpoint at $3.07, with a sustained close above $3.14 needed for upward movement.
4. Spot netflow data indicates an outflow of $15.21 million, suggesting overhead supply pressure.
5. Short-term outlook: A break above $3.14 could target $3.34 and $3.42, while failure to hold $3.00 may lead to a retest of support at $2.76.
Description
The XRP price today is trading around $3.03, struggling to gain momentum after breaking back above its descending channel resistance. While the recent bounce from sub-$2.80 levels signals short-term demand, overhead resistance between $3.14 and $3.34 continues to stall recovery. The market structure remains vulnerable to a pullback unless bulls flip key moving averages into support. XRP Price Forecast Table: August 6, 2025 Indicator/Zone Level / Signal XRP price today $3.03 Resistance 1 $3.14 (c...
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