XRP price is still stuck in a sideways grind after that big run earlier this month. Right now, it’s hovering around $3.08, with momentum looking pretty mixed.
XRP hasn’t been able to push past that $3.50-$3.66 zone, and sellers are still showing up whenever price gets close. On the flip side, buyers are holding the $3.00 line, keeping things from sliding lower.
Let’s break down today’s setup.
What We Got Right Yesterday
In yesterday’s prediction, we talked about how breaking above $3.33 could send XRP towards $3.50, and how dropping under $3.00 could pull it down to the $2.85–$2.80 range.
So far, it’s been playing it safe, holding above $3.00 but not making much progress past $3.15. That’s exactly the kind of sideways action we mentioned might happen without a clear breakout.
XRP Daily Overview (August 16)
Current Price: $3.0785
24h Range: $3.001 – $3.1414
Volume: Slower than during the breakout
XRP price has been bouncing in a tight range above $3.00 for days. Trading volume has cooled off since early August, and open interest has flattened out after spiking during the rally. This is classic consolidation behavior after a strong move up.
What the XRP Chart Is Showing
The XRP chart still tells the same story, a strong run from $1.61 to $3.66, then choppy trading. Sellers keep pushing back at $3.50–$3.66, while $3.00 has been a solid floor so far.
Source: CoinAnk
A move over $3.33 could give the bulls room to run toward $3.50 and $3.66. But if $3.00 cracks, the next stop could be $2.50, which was the launchpad for the last rally.
Technical Indicators (Daily)
Indicator Value Signal MACD 0.088 Slightly bullish ADX(14) 24.36 Weak trend CCI -16.08 Neutral RSI 50.13 Neutral Ultimate Oscillator 4.14 Bearish pressure Bull/Bear Power\ -0.1643 Slight bear control
Summary: All indicators signals are split, MACD leans bullish, but the rest point to weak or fading momentum.
XRP Price Scenarios
Bullish:
Break $3.33 with strong volume and XRP could head to $3.50 and $3.66, maybe even $3.90-$4.00.
Neutral:
More sideways action between $2.90 and $3.30 until something big sparks movement.
Bearish:
Drop under $3.00 and we could be looking at $2.85-$2.80, with $2.50 as the bigger support.
Read Also: Could Holding XRP, XLM, and XDC in 2025 Still Make You Rich?
Wrapping Up
XRP price is basically in a holding pattern, still above $3.00, but not strong enough to push higher yet. Unless buyers can take out resistance, we’re probably going to see more sideways chop between $3.00 and $3.30 in the short term.
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The post XRP Price Prediction for Today (August 16) appeared first on CaptainAltcoin.
