XRP is holding firm above key support after bouncing back sharply from last week’s pullback. The uptrend that started in mid-June is still in play, with price following a steady rising trendline. However, a nearby resistance zone could decide whether the rally continues or momentum starts to fade.
After rebounding from the $2.85–$2.95 area, XRP regained its 9-day SMA and climbed toward $3.33–$3.40. This level has been a ceiling so far, but breaking it could unlock higher targets at $3.50 and $3.55–$3.60.
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Yesterday’s Call – Spot On
In our last update, we highlighted that moving above $3.30 could set up a push toward $3.50, while holding the $3.00 zone would keep the uptrend intact.
XRP did push higher into resistance but hasn’t broken through yet, leaving the short-term range between $3.00 and $3.33–$3.40 still in focus. The rising trendline is intact, showing no signs of breakdown.
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XRP Daily Snapshot (Aug 9)
Current Price: $3.29
24h Change: -0.64%
Daily RSI (14): 60.73
Volume: Moderate, stable
9-day SMA: $3.038 (support)
Price remains above the 9-day SMA and the late-June trendline. Resistance is close overhead, and a breakout would likely confirm the continuation of the trend.
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Chart Insights
The daily chart remains bullish — higher lows and a strong bounce from the trendline show buyers are still in control. A close above $3.40 could trigger a rally toward $3.50–$3.60.
If bulls fail and price slips below $3.05–$3.10, consolidation or sideways trading could follow. A decisive drop under $2.90 would hint at deeper pullback potential.
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Technical Signals (Daily)
RSI (14): 60.73 — Bullish momentum, not yet 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
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Possible Scenarios
🔼 Bullish:
Breaking above $3.40 could open the path to $3.50 and $3.60.
➖ Neutral:
If resistance holds, XRP may trade sideways between $3.00–$3.40.
🔽 Bearish:
A close under $3.00 could send price to $2.80, and if that fails, toward $2.55.
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Bottom Line:
XRP’s short-term trend remains bullish, supported by a strong trendline and positive indicators. All eyes are on the $3.33–$3.40 resistance zone — a breakout here could fuel the next leg up.
