XRP is holding firm above key support levels after rebounding sharply from last week’s dip. The uptrend that began in mid-June is still intact, with the price continuing to follow a rising trendline — but we’re now bumping into some important resistance that could determine the next move.

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After bouncing from the $2.85–$2.95 range, XRP climbed back above its 9-day simple moving average and made a push toward the $3.33–$3.40 zone. That’s where the rally has paused for now. If bulls can push past this level, we could be looking at targets around $3.50 and even $3.55–$3.60.

🔄 Quick Recap: What Played Out As Expected

In yesterday’s update, I mentioned that a break above $3.30 could lead to a test of $3.50 — and that as long as XRP held the $3.00 level, the uptrend would stay intact. That’s exactly what we’ve seen so far. Price has climbed into resistance, but we haven’t seen a breakout just yet. For now, the market remains range-bound between $3.00 and $3.40, riding the support of the trendline without signs of a breakdown.

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📊 XRP Daily Snapshot – August 9

  • Current Price: $3.29

  • 24h Change: -0.64%

  • Daily RSI (14): 60.73 (bullish, still under overbought)

  • Volume: Stable, moderate

  • 9-Day SMA: $3.038

  • Trendline: Intact from late June

The overall structure is still bullish — higher lows, a clean rebound off the trendline, and momentum indicators still favor the upside. A solid close above $3.40 could open the door for further gains.

🧭 XRP Chart Breakdown

Right now, the chart is showing strength:

•The RSI at 60.73 suggests bullish momentum with room to run

•ADX at 31.33 confirms trend strength

•MACD and CCI both point to positive momentum and buying pressure

•The Ultimate Oscillator and Bull/Bear Power are leaning bullish

But there’s still a need for caution. If XRP fails to break above $3.40, we could continue trading sideways or retest support levels like $3.05–$3.10. A daily close under $2.90 would shift momentum bearish and potentially bring $2.55 into play.

📈 Price Scenarios to Watch

•Bullish Case: Breaking above $3.40 could pave the way to $3.50 and $3.60.

•Neutral Case: If resistance holds, XRP may stay between $3.00 and $3.40 for now.

•Bearish Case: A break below $3.00 could trigger a slide toward $2.80, with deeper risk down to $2.55.

✅ Final Thoughts

XRP remains in a clear short-term uptrend, supported by solid technicals and a rising trendline. All eyes are on the $3.33–$3.40 zone — a breakout could confirm trend continuation, while rejection here might signal consolidation or a potential pullback.

#Xrp🔥🔥

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