XRP price is hanging right above the $3.00 mark after weeks of sideways trading. The token has been riding its rising trendline since June, but momentum has slowed down, and the chart now shows a squeeze that’s likely to break soon.
After failing to push back over $3.35 earlier this month, XRP has been stuck in a tight range and is now trading around $3.09.
Let’s break down today’s setup.
What you'll learn 👉
📅 What We Got Right Yesterday
In yesterday’s prediction, we pointed out how important the $3.00 level was. We said if XRP held above it, the price could stabilize and retest $3.10-$3.20.
That’s exactly what happened. XRP price bounced above $3.00 and is now consolidating around $3.09.
We also noted that if the trendline broke near $3.03, price could slip back toward $2.85. For now, buyers have kept that line safe, but the pressure is still there.
📊 XRP Daily Overview (August 19)
- Current Price: $3.09
- 24h Change: +0.26%
- RSI (14): 49.97 = Neutral, no strong momentum
XRP price is sitting on trendline support around $3.03–$3.07. The bigger safety net is still the 100-day SMA way down at $2.60. On the other side, sellers are camped around $3.18–$3.25 and then again at $3.35–$3.40.
🔍 What the XRP Chart Is Showing
The XRP chart looks like a classic squeeze, higher lows from buyers, lower highs from sellers. That’s compression, and it usually ends with a breakout.
The candles have been small with upper wicks, which shows there’s hesitation and supply whenever price tries to push higher. As long as XRP is above $3.00, it has a chance of gaining momentum, but a close below this could drag price down to $2.85 or even $2.60.
📈 Technical Indicators (Daily Timeframe)
| Indicator | Value | Signal |
| MACD (12,26) | 0.054 | Mild bullish crossover |
| ADX (14) | 25.98 | Weak trend, leaning bearish |
| CCI (14) | -85.19 | Bearish pressure |
| RSI (14) | 49.97 | Neutral, stuck in the middle |
| ROC | 0.327 | Small bullish push |
| Bull/Bear Power (13) | -0.2185 | Bulls are catching up |
Summary: The indicators are mixed. Bulls have some early momentum, but sellers haven’t stepped aside.
🔮 XRP Price Prediction Scenarios
Bullish Scenario:
If XRP gets above $3.18–$3.25, it can try for $3.35–$3.40, and maybe even $3.55–$3.70 if momentum builds.
Neutral Scenario:
XRP price could just keep chopping between $2.85 and $3.10 until volume picks up.
Bearish Scenario:
A break under $3.00 would likely send XRP toward $2.85, with $2.60 as the bigger line of defense.
🧠 Wrapping Up
XRP price is stuck in a squeeze right above $3.00. Buyers and sellers are here, and the chart is tightening by the day.
Most likely for now is more sideways movement between $3.00 and $3.25. But once this range breaks, it’s going to set the direction for the next big move.
Read Also: Why Chainlink, Not XRP, Could Dominate the Next Wave of Institutional Blockchain Adoption
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