- XRP holds firm above $3.00 with early signs of a bullish reversal.
- Technicals point to strength, but momentum remains cautious.
- Price could head toward $3.60$4.10 if current support holds.
XRP is back on its feet after a sharp pullback that followed Julys breakout above $4. The token is now priced at $3.04, up 4% today. Buyers stepped in around the $2.95$3.00 zone, where the 9-day double exponential moving average sits. This area has acted as a safety net, keeping the uptrend alive.
The move comes after a tough few days where the token tested lower support. But holding above the 20-day and 50-day exponential moving averages, now at $2.79 and $2.58, keeps hopes alive for another leg higher. Price is trying to build a new base after last months rally, and current action hints at a possible breakout or continued sideways grind.
Source: Tradingview Also Read: XRP Ledger Boasts 7.3 Million Users As Price Rises
Technical indicators paint a cautious but improving picture. The MACD still leans bearish, with the main line sitting below the signal line. That said, the shrinking histogram bars suggest selling pressure is easing. A bullish crossover could form soon if this trend continues.
The Relative Strength Index (RSI) reads 53.21. Its climbing slowly, signaling that buyers are gaining some control. A push above 60 would support a stronger uptrend. Meanwhile, the Chaikin Money Flow shows outflows of -1.51M, a negative reading. Still, its beginning to flatten, another hint that selling may be drying up.
Source: Tradingview XRP remains well above its clustered moving averages between $2.80 and $2.95. These levels form a strong floor in case prices dip again.
Looking ahead, XRP has room to climb if momentum builds. The first resistance lies at $3.60, a recent top in July. A break above this could send XRP toward $4.10, which aligns with the 1.618 Fibonacci extension level.
But if XRP drops below its 9-day DEMA and loses the $2.95 support, it may slide toward $2.79 or even $2.58. A deeper drop toward $2.34, where the 100-day EMA sits, would be more serious and could change the trend.
Source: Tradingview For August, XRP is likely to trade between $2.95 and $3.60 unless strong news or broader market moves shift the trend. A clean breakout above $3.30 with volume could bring $4.00 back into focus.
Also Read: XRP Faces Critical Test at $3.00, Failure Could Trigger Drop to $2.56
