XRP Price Prediction for Today (August 7)

XRP price is still hovering just under the $3 mark after bouncing off a key trendline, but momentum isn’t fully back on its side yet. The price action looks stuck in a narrow range, and while buyers are holding the line, they haven’t been able to push things higher.

After a failed breakout near $3.20 last week, XRP has mostly been drifting sideways. It’s now sitting around $2.99, and unless we see some strong volume soon, this consolidation might drag on.

📅 What We Got Right Yesterday

In yesterday’s prediction, we mentioned the importance of the $3.05 resistance zone and the $2.85 support level, which lines up with that rising trendline on the chart.

That played out exactly as expected, XRP price bounced near $2.85 and struggled to break above $3.00, just under the 9-day moving average. So far, the price has stayed in that $2.85 to $3.00 range, with no big moves either way.

We also said a break below $2.85 could send XRP toward $2.60. That hasn’t happened yet, but it’s still on the radar if support weakens.

📊 XRP Daily Snapshot (August 7)

  • Current Price: $2.99
  • 24h Change: +1.18%
  • 9-Day SMA: $2.9952
  • Volume: Low and steady

XRP price is clinging just above that key trendline support. There’s some buying pressure, but resistance near $3 and the 9-day SMA is holding strong. Until something shakes the market up, like news or a move from Bitcoin, this sideways action may continue.

🔍 What the XRP Chart is Telling Us

XRP is still technically in a bigger uptrend, thanks to that ascending trendline that’s been holding since late June. But the recent lower highs after the $3.60 top show that buyers are losing some steam.

Source: TradingView

The candles are small and indecisive, not exactly what you want to see if you’re hoping for a breakout. Bulls need to push past $3.05 to regain momentum. If they don’t, a drop below $2.85 could flip the script and send XRP lower.

📈 Technical Indicators (Daily)

IndicatorValueSignal
MACD (12,26)0.076Slight bullish crossover, early momentum
ADX (14)27.859Moderate trend, still leaning bearish
CCI (14)-77.91Bearish bias, but not extreme
RSI (14)51.09Totally neutral – market’s undecided
ROC-5.828Negative momentum, sellers have the edge
Bull/Bear Power (13)-0.1643Bears slightly stronger right now

Summary: Only MACD is flashing green. The rest show that sellers still have control, or at least that buyers haven’t taken over yet.

🔮 What Could Happen Next

Bullish Scenario:

A strong move above $3.10 might open the door to $3.25 or even $3.50, but it’ll need some real momentum.

Neutral Scenario:

XRP price holding between $2.85 and $3.00 means more sideways chop. No trend shifts unless something big happens.

Bearish Scenario:

A close below $2.85 could trigger a slide to $2.60 or even $2.30, levels we last saw in early July.

🧠 Final Thoughts

XRP price is sitting at a crossroads. It’s holding up just fine above trendline support, but buyers still haven’t shown the strength needed to break past resistance.

The $3.05 zone is key. Break it, and bulls might get some momentum back. Lose $2.85, and sellers could take charge. For now, XRP is drifting sideways, and everyone’s watching for the next big move.

Read Also: Top Analyst Says Ripple (XRP) Will Be Worth More than Bitcoin: Here’s What He Sees

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Funbi Afe
Funbi Afe

Funbi Afe is content strategist with a strong background in technical writing, cryptocurrency, journalism, and copy editing. Passionate about simplifying complex topics, Funbi crafts clear, engaging content that informs and inspires diverse audiences. With expertise spanning blockchain technology, SEO strategy, and market analysis, Funbi is dedicated to helping brands and communities deliver impactful, polished messaging in the fast-evolving digital space.

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