XRP price is still stuck in a consolidation range after sliding from its July peak above $3.50. Momentum has slowed, and sellers are still in control as buyers try to hold price above support.
XRP is sitting at around $2.96, slightly above its key support zone. Let’s see what’s happening today.
What We Got Right Yesterday
In yesterday’s prediction, we talked about how $2.85 was the support to watch and $3.10 was the level that needed to break for a push higher.
That’s pretty much how the market played out. XRP price bounced a little off the lower support and stayed above the rising trendline from the June lows. But it hasn’t been able to push past $3.10, which is keeping the price stuck in its consolidation zone.
We also said that without more volume or a breakout, XRP would likely keep moving sideways. So far, that’s exactly what it’s doing.
XRP Daily Overview (August 6)
Current Price: $2.96
24h Change: -3.57%
Volume: Moderate and slowing
XRP price continues to stay within its support zone, and the rising trendline around $2.90 as a floor. If XRP is able to go above $3.10–$3.20, it could try to hit $3.40 or $3.50. If it goes below $2.85, the next stops could be $2.65 or $2.60.
What the XRP Chart Tells Us
The daily chart shows XRP is in a cooling-off phase after the big July rally. The candles in the circled area tell the story: one big red candle followed by small green ones, a sign that buyers are trying to hold the line but with weak momentum.
Source: TradingView
If XRP price falls below $2.85 and closes there, we could see a quick move down toward $2.60. But if it can finally close above $3.10, that might kick off the next recovery leg.
Technical Indicators (Daily)
Indicator Value Signal MACD (12,26) 0.078 Hinting at a possible short-term bounce ADX (14) 36.02 Confirms the downtrend is still active CCI (14) -82.05 Bearish, almost oversold RSI (14) 49.81 Neutral, waiting for a clear move ROC -16.47 Momentum is still negative Bull/Bear Power (13) -0.0614 Bears are still in charge
Summary: Most indicators are bearish, but MACD is taking a slight positive turn, and a recovery in the near term is possible.
XRP Price Scenarios
Bullish Scenario:
A push above $3.10–$3.15 can bring XRP to $3.20 or $3.30, with a possibility of $3.35–$3.60 if momentum picks up pace.
Neutral Scenario:
Staying above $2.85 but not managing to cross $3.10 keeps XRP price between $2.85 and $3.00.
Bearish Scenario
Dropping below $2.85 will take it down to $2.65 or $2.60, with $2.50–$2.40 being the targets below.
Wrapping Up
XRP price is waiting for a spark. As long as it stays in this range, traders are watching $2.85 for a breakdown and $3.10 for a breakout. Whichever side gives first will likely set the next move.
Read Also: Analyst Reveals Crypto Exchange That May Be Controlling XRP Price
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The post XRP Price Prediction for Today (August 6) appeared first on CaptainAltcoin.
