Ripple’s token had a rough day. After holding close to $3.10 yesterday, the XRP price slipped lower and couldn’t keep its footing above the $3.00 level. Sellers stepped in strongly, pushing the token down toward $2.99.
That drop has shifted the short-term picture from neutral to bearish, with traders now looking to see if support at $2.85 can hold.
What you'll learn 👉
📅 What We Got Right Yesterday
In yesterday’s outlook, we pointed out that losing $3.00 could send XRP toward the $2.85–$2.80 zone. That’s exactly how the market reacted, with the token breaking under $3.00 overnight.
The sideways scenario we expected between $3.00 and $3.30 didn’t play out, and the bearish setup is now in control.
📊 XRP Chart Analysis (4H)
On the 4-hour chart, XRP is struggling to recover from the breakdown. Every bounce is being capped under $3.10, showing sellers remain in charge.
The key support now sits at $2.85, and if that level breaks, the next stop could be $2.70. On the upside, bulls would need to push XRP back above $3.10–$3.20 to slow down the selling pressure.
Read also: XRP Community Member Shares Bold Theory Linking BlackRock, Palantir, and XRPL
🔎 Indicators Overview
- Volume: The drop below $3.00 came with higher trading activity, showing strong sell pressure. Volume is still elevated, which means the correction may not be finished yet.
- Open Interest: Open interest has started to cool off which indicates traders are closing long positions and reducing risk.
- Net Longs vs. Net Shorts: Net longs have fallen sharply, while shorts are ticking higher. This shift in positioning is in line with the growing bearish sentiment in the market.
💡 XRP Price Prediction for Today, August 18
- Bullish Scenario: A quick recovery above $3.00 could bring stability, with a chance to retest $3.10–$3.20. A break over $3.30 would be needed to restart momentum toward $3.50.
- Neutral Scenario: XRP may spend more time consolidating between $2.85 and $3.10 if buyers manage to defend support.
- Bearish Scenario: If selling continues, XRP could fall to $2.85 and even $2.70. A sharper drop might put $2.50 back on the radar, but this seems unlikely for now.
👉 For now, XRP is under pressure after losing the $3.00 level, and all eyes are on $2.85 to see if it can act as today’s floor.
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