🚀 $XRP Weekly Outlook | August 1 – August 7, 2025
Market Snapshot Today:
Current Price: $2.99 (down ~4.78%) from previous close
Intraday Range: $2.95 – $3.17
$XRP is forming consolidation just above the critical $3.00 support zone — watch closely.
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🔑 Key Updates & Market Structure
Recent Drop: $XRP fell ~8% in the last 24 hours, from $3.17 to $2.94—driven by heavy profit-taking. Buyers absorbed much of that at support levels, enabling a bounce back toward $2.98. Whale accumulation continues, with over $28M in daily inflows.
Technical Signals: While bulls are absorbing the dip, analysts caution about the potential of bearish divergence in the RSI and slowing momentum despite price increases.
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📊 Technical Levels & Targets
Scenario Target Range Notes
Bullish Rebound $3.10 → $3.23 If support at $2.95 holds and volume picks up
Breakout Potential $3.40 → $4.00 Requires sustained volume and RSI confirmation
Bull Trap / Correction $2.90 → $2.70 If $3.00 support fails and bearish structure forms
The ascending triangle setup on daily charts points to a potential breakout if the pattern holds intact.
On the 50-day moving average, the trend remains slowly bullish—still below the price, acting as underlying support.
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🧠 What to Watch This Week
Did the SEC officially drop its appeal? Ongoing speculation around legal clarity remains vital for institutional flows.
Whale wallet activity: Accumulation signals indicate long-term investor confidence despite short-term dips.
Macro market tone: A broader altcoin upswing or Bitcoin reversal could be the catalyst XRP needs.
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⚡ Final Takeaway:
XRP is trading just above $3.00 support—a zone that could dictate its next big move. A clean break above $3.23 may lead to short-term upside, while losing $2.95 might open deeper correction risk. With legal news and market sentiment evolving, this week could be a defining one.
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💬 Your Turn:
Where do you think XRP is heading by the end of this week?
Drop your predictions below — let’s trade smarter together.
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