XRP (XRP) Price Prediction for August 8
Main Idea
XRP price shows signs of a potential bullish breakout, with technical indicators suggesting upward momentum if key resistance levels are breached.
Key Points
1. XRP price has reclaimed the $3.05 mark and is testing a symmetrical triangle pattern, indicating potential volatility breakout.
2. Key technical indicators (Bollinger Bands, EMA cluster, RSI, Supertrend) support a bullish outlook, with price above major moving averages.
3. A breakout above $3.12 could target $3.34 and the July peak of $3.58, while failure to hold $3.00 may see support at $2.88–$2.93.
4. On-chain data shows a net inflow of $16.72 million on August 7, signaling strong buyer interest.
5. The Directional Movement Index (DMI) shows rising ADX and +DI leading, suggesting strengthening bullish momentum.
Description
After multiple days of sideways action, XRP price has started to shift upward again, reclaiming the $3.05 mark in early August trading. Price structure on the 4-hour chart is pressing against the upper trendline of a symmetrical triangle, suggesting a potential volatility breakout. Traders are closely watching if buyers can push past the $3.12–$3.18 zone to confirm a trend continuation. XRP Price Forecast Table: August 8, 2025 Indicator/Zone Level / Signal XRP price today $3.05 Resistance 1 $3.1...
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