XRP price is hanging in there after its recent pullback, but the pressure hasn’t gone away. The token is trading around $2.97, sitting right above its rising trendline support near $2.80.
Earlier this month, XRP topped out just under $3.90 before sliding lower. Since then, it’s been moving in a choppy range, avoiding a full breakdown but struggling to break back into bullish territory.
Let’s break down today’s setup.
What We Got Right Yesterday
In yesterday’s prediction, we pointed out how $2.75 was the level to watch. As long as it held, XRP price was likely to keep moving sideways between $2.85 and $3.10.
That’s exactly how things played out. XRP bounced off the $2.80 area and managed to stay afloat just under $3. Bulls are clearly protecting that ascending trendline that’s been in place since June.
We also said that only a strong move above $3.18–$3.25 would shift momentum back to the bulls. That still hasn’t happened.
XRP Daily Overview (August 21)
Current price: $2.97
24h Change: +3.92%
RSI (14): 46.26
XRP price remains above its rising trendline from June but is capped below $3.20 resistance. Price action shows hesitation, with long upper wicks signaling selling pressure. A decisive move above $3.20 is needed for renewed upside momentum.
What the XRP Chart Shows
The XRP chart tells the story of a correction, but not a collapse. XRP keeps bouncing off the $2.80 trendline, proving that buyers still see it as a key level.
Support sits at $2.75-$2.80, with a bigger safety net around $2.60-$2.50. On the flip side, XRP price needs to clear $3.20 before it can even think about retesting $3.50 or higher.
Source: TradingView
Candles show sellers are still active, with plenty of upper wicks. But yesterday’s bounce shows bulls aren’t giving up yet.
Technical Indicators (Daily Timeframe)
Indicator Value Signal RSI (14) 46.2 Neutral MACD (12,26) 0.008 Buy signal ADX (14) 28.5 Weakening trend CCI (14) -151.8 Oversold Ultimate Oscillator 42.1 Bearish lean Bull/Bear Power (13) -0.31 Bearish pressure
Summary: Indicators remain mixed, but the balance favors bearish pressure. Only MACD shows a bullish setup, while most momentum tools suggest sellers are still stronger.
XRP Price Scenarios
Bullish:
If XRP price gets back above $3.18–$3.25 with volume, we could see a run toward $3.35 and maybe even $3.55–$3.70.
Neutral:
If $2.75 holds, expect more sideways chop between $2.85 and $3.10.
Bearish:
Lose $2.75 and XRP price likely drops to $2.60, with $2.45-$2.50 waiting below.
Final Take
XRP price is sitting at a make-or-break level. The trendline is still intact, but momentum is fading.
Traders are watching the $2.80 zone closely, hold it, and a bounce could follow. Lose it, and things could turn rough heading into September.
Read Also: Analyst Says This XRP News (Almost) Made Him Go All In on Ripple’s Token
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The post XRP Price Prediction for Today, August 21 appeared first on CaptainAltcoin.
