XRP continues to hold steady at $3. Below are some interesting predictions based on various technical indicators.
Ripple Price Prediction This Week
Key support levels: $3, $2.7
Key resistance levels: $3.6, $4
1. Price Fluctuating Around $3
Despite increasing selling pressure in early August, XRP managed to bounce back and hold above the crucial support level of $3. As long as buyers can maintain this price level, they have a good chance to regain control and push this cryptocurrency higher this month.
2. Momentum Becomes Flat
Over the past two weeks, XRP has fluctuated around the $3 mark despite numerous attempts by sellers to push the price below this crucial level. This has caused the upward momentum to stall as buyers and sellers compete for dominance. So far, neither side has clearly won as the price moves sideways.
3. Decreasing Volume
Without a clear trend, trading volume will continue to decrease, making a breakout less likely. This could cause XRP to close at $3 until either buyers or sellers decide to push the price up and break the stalemate. Until trading volume increases again, do not expect any major volatility.
