$XRP Price predictions for Ripple this week: ๐Ÿ“ฐ๐Ÿ—ž๏ธ

The price of XRP continues to hold at $3. Here are some interesting predictions based on various technical indicators.

Price predictions for Ripple this week

Key support levels: $3, $2.7

Key resistance levels: $3.6, $4

1. The price is fluctuating around $3

Despite increasing selling pressure in early August, XRP managed to recover and stabilize above the important support level at $3. As long as buyers maintain this level, they have a good chance of regaining control and pushing the cryptocurrency upward this month.

TradingView charts

2. Momentum is flattening

Over the past two weeks, the price of Ripple (XRP) has hovered just above $3, despite repeated attempts by sellers to push it below this key level. This has led to a halt in upward momentum, as sellers and buyers compete for dominance. So far, the winner has not been determined, as the price has moved sideways.

TradingView charts

3. Volume is decreasing

In the absence of a clear trend, trading volume will continue to decline, making a breakout unlikely. This could result in XRP closing at $3 until buyers or sellers decide to raise the price and break the deadlock. Until trading volume recovers again, do not expect any significant movements.

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