Ripple (XRP) continued to move lower yesterday, dropping to around $2.89 before finding some support. The price later bounced slightly and is now trading around $3. While this might look like a recovery, the broader trend is still down. Over the past week, XRP has fallen by more than 15%.
The decline started after Bitcoin pulled back from its all-time high of $123,000. That move affected the rest of the crypto market, and XRP has been feeling the pressure since then.
Just yesterday, XRP dipped to $2.89. That was exactly in line with the bearish scenario predicted earlier, confirming that sellers are still active. So what’s next for Ripple price today?
Right now, support sits firmly at $2.89. This is the price that helped stop yesterday’s fall and could still provide a cushion if the market turns bearish again. On the upside, the resistance level to beat is $3.10. A clear break above this could invite more buying and possibly flip the short-term trend.
What the Indicators Say About XRP
Investing.com shows a mix of signals from key indicators. Below is a summary of what each one is currently showing:
| Indicator | What It Means | Action |
|---|---|---|
| RSI (14) | Momentum is balanced | Neutral |
| Stochastic (9,6) | Price may rise soon | Buy |
| MACD (12,26) | Bearish momentum is still present | Sell |
| ADX (14) | Trend strength is picking up | Buy |
| ATR (14) | Market is less volatile today | Less Volatility |
The readings suggest a split view. RSI shows the market is balanced. MACD leans bearish, which means some downward pressure still exists. However, Stochastic and ADX point to possible buying interest and growing trend strength. ATR says volatility is low, so the price might not move too sharply in either direction today.
Ripple (XRP) Price Prediction for August 2
XRP is currently sitting at a key decision point. Here’s how the price could move today:
In a bullish case, if XRP breaks past $3.10, the price might climb toward $3.20. This would suggest buyers are back in control.
In a neutral case, XRP could stay around the $3 mark. If that happens, the price may range between $2.95 and $3.05 without a clear direction.
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In a bearish case, if the price falls below $2.89 again, XRP may drop to $2.80 or lower. That would confirm that the bounce was short-lived and sellers are still strong.
For now, the Ripple price depends on whether buyers can build momentum above $3 or if the recent recovery fades away.
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