📊 XRP Price Forecast – August
$XRP is caught between short-term optimism and long-term caution. On the weekly chart, a confirmed bearish divergence signals slowing momentum - a pattern that often precedes deeper pullbacks. Analysts warn that late August through October could bring more downside, mirroring corrections seen in other assets with similar setups.
Daily View: Over the past 7 days, XRP rebounded strongly, but this rally fits within a broader bearish structure. The move echoes January - February price action, when gains faded into a longer downtrend.
Key Levels:
Support: $3.10–$3.15 (current test). Below this: $2.90, then $2.75, with long-term support at $2.55–$2.62.
Resistance: $3.35–$3.40 - repeatedly rejecting price in recent sessions.
Outlook: Unless bulls break $3.40 with conviction, the bias leans bearish. If $3.10 holds, a short-term push higher is possible - but failure here could accelerate a drop toward $2.75.
In a market still driven by sentiment swings, liquidity near these technical zones will define XRP’s next major move.
