XRP (XRP) Price Prediction for August 8

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.