XRP (XRP) Price Prediction for August 9

Key Points

1. XRP's price advanced from the $2.88-$2.90 demand zone to highs of $3.38, with a minor pullback but overall bullish structure.

2. The 4-hour chart shows XRP reclaiming $3.20, with the next resistance at $3.38-$3.40, supported by bullish EMA alignments (EMA20 at $3.09, EMA50 at $3.05, EMA100 at $2.94).

3. The price surge is driven by a technical breakout above the channel’s upper boundary, confirmed by a reversal in short-term momentum.

4. Derivative data shows a 190% surge in trading volume to $17.9 billion and a 21% rise in open interest to $8.83 billion, with Binance’s top trader long-to-short ratio spiking 1,280%.

5. Key indicators (RSI cooling to 65, MACD in positive expansion, VWAP at $3.32) suggest reduced overbought pressure but intact bullish momentum.

6. Liquidity data highlights a break above $3.10 and $3.20, with the next target at $3.55-$3.60 if momentum continues.

7. For August 9, maintaining above $3.20 is critical for bullish continuation; a break above $3.38 could target $3.55-$3.57, while a drop below $3.20 may test $3.09-$3.00.