XRP price is holding above key support after a strong rebound from last week’s pullback. The uptrend from mid-June remains intact, with price riding a rising trendline, but resistance just overhead could decide whether bulls extend the move or momentum stalls.
After bouncing from the $2.85–$2.95 area, XRP reclaimed its 9-day SMA and pushed toward $3.33–$3.40. This zone has capped the advance so far, with higher targets at $3.50 and $3.55–$3.60 still in play if price can break through.
Let’s take a closer look at today’s setup.
What We Got Right Yesterday
In yesterday’s prediction, we noted that a push above $3.30 could set up a retest of $3.50, while holding the $3.00 zone would keep the uptrend intact.
XRP price moved higher into resistance but has yet to clear it, keeping the short-term range between $3.00 and $3.33–$3.40 in focus. The trendline continues to guide the market upward, with no breakdown so far.
XRP Daily Overview (August 9)
Current Price: $3.29
24h Change: -0.64%
Daily RSI (14): 60.73
Volume: Stable, moderate
XRP price remains above the 9-day SMA ($3.038) and the rising trendline from late June. Resistance is tight overhead, and a breakout would confirm trend continuation.
What the XRP Chart Is Showing
The XRP chart structure is bullish, with higher lows and a clean bounce from the trendline. A close at or above $3.40 would likely open the door to $3.50 and $3.60.
Source: TradingView
Bull trap failure would lay the groundwork for trading sideways or testing $3.05–$3.10. Closing below $2.90 would demonstrate lower pullback potential.
Technical Indicators (Daily Timeframe)
Indicator Value Signal RSI (14) 60.73 Bullish momentum, room before overbought ADX (14) 31.33 Strong trend strength MACD (12,26) 0.118 Positive momentum CCI (14) 142.90 Strong buying pressure Ultimate Oscillator 59.54 Broad bullish sentiment Bull/Bear Power (13) 0.3476 Buyers in control
Read Also: Ripple vs SEC Case Is Finally Over, But Analyst Warns XRP Community: Bots Might Kill the Rally
XRP Price Prediction Scenarios
Bullish Scenario:
A break above $3.40 could lead to a move toward $3.50 and $3.60.
Neutral Scenario:
XRP price may range between $3.00 and $3.40 if resistance holds.
Bearish Scenario:
A close below $3.00 would expose $2.80, and failure there could send the price toward $2.55.
Wrapping Up
XRP price remains in a short-term uptrend with the trendline and technical indicators in favor. The $3.33–$3.40 resistance zone is the zone to watch for a breakout or a momentum reversal.
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The post XRP Price Prediction for Today (August 9) appeared first on CaptainAltcoin.
