#ProjectCrypto Analysis of XRP: Technical and Fundamental Factors Affecting it:-
• Support and resistance at $3.00: the price is currently testing this level, and any break below it may lead to a decline towards $2.75 if trading volume decreases again.
• Significant movement from Kraken: the transfer of 82 million XRP from Kraken has sparked speculation about potential institutional entry or liquidity accumulation before an anticipated breakout.
• High activity on the network: XRPL recorded over 70 million transactions in July, prompting the CTO to suggest a technical upgrade to improve performance.
• Regulatory issues: the court recently rejected the proposed settlement between Ripple and the SEC; however, Ripple's announcement of its intention to withdraw the appeal could help alleviate future regulatory uncertainties.
📊 Quick Forecast $XRP :-
1- Today (August 2) expected range (USD) ~2.95 – 3.00, strong resistance at 3.00, temporary sideways trading.
2- Tomorrow (August 3) expected range (USD) ~2.98 – 3.03, slight rebound or stability near the level.
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