XRP price is attempting a recovery after its recent pullback from the $3.60 peak. Price action shows buyers defending key support, but resistance overhead continues to limit momentum. The token is trading at $3.0762 after a 4% gain in the past 24 hours.
Let’s take a closer look at today’s setup.
What We Got Right Yesterday
In yesterday’s prediction, the $2.80 support level was marked as critical to keeping the short-term uptrend intact. XRP respected that range, dipping to $2.931 before bouncing sharply and forming a bullish daily candle along the ascending trendline.
We also highlighted that a close above $3.00 could open the path toward $3.20 and $3.30. Today’s move above $3.00 confirms that scenario, although price has yet to challenge the next resistance band between $3.10 and $3.15.
XRP Daily Overview (August 5)
Current Price: $3.0762
24h Change: +4.00%
Key Supports: $2.93 / $2.80
Key Resistances: $3.10 / $3.35 / $3.60
XRP price rebounded from the rising trendline that has defined the uptrend since the tail end of June. The rebound preserves the mid-term bullish configuration in place, yet the token remains vulnerable to overhead resistance.
Source: Tradingview
Price breakout above $3.10–$3.15 will aim towards the next levels at $3.35–$3.40. A break of $2.93 can put $2.60 under jeopardy, with the 100-day SMA at $2.47 as the most important support.
Technical Indicators (Daily Timeframe)
Indicator Value Signal MACD (12,26) 0.082 Bullish crossover, early upside momentum ADX (14) 39.11 Strong trend, neutral directional bias CCI (14) -64.32 Bearish pressure, below mean RSI (14) 54.19 Neutral momentum, leaning slightly bullish Ultimate Oscillator 49.19 Neutral, indecisive market Bull/Bear Power (13) -0.075 Bears maintain slight control
Summary: Momentum is mixed. MACD shows early recovery, but CCI and Bull/Bear Power indicate sellers are not fully gone.
XRP Price Prediction Scenarios
Bullish Scenario:
A strong push over $3.10–$3.15 would take XRP to $3.20 and $3.30. Crossing $3.35–$3.60 would determine a medium-term upsurge.
Neutral Scenario:
If XRP price is at $2.80 or higher but cannot pass $3.10, XRP would see between $2.80 and $3.00 for new drivers.
Bearish Scenario:
Breaking down below $2.77 would trigger a decline to $2.60, with $2.50–$2.40 being longer-term lower goals.
Wrapping Up
XRP is rebounding, but the overlying resistance remains an issue. Traders are watching for a breakout or rejection at the $3.10 level that will push price back into the $2.80 range.
For now, the market prefers consolidation with potential to the upside if bulls can keep putting pressure on.
Read Also: Crypto Veteran Warns Ripple Community: XRP Price Drop Is Not Over Yet
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The post XRP Price Prediction for Today (August 5) appeared first on CaptainAltcoin.
