XRP (XRP) Price Prediction for August 6

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.