📊 $XRP Market Update — August 15
Current Price Zone: Holding above key Fibonacci support.
Short-Term Resistance: $3.12 – $3.17
Key Breakout Level: $3.17
Major Resistance: $3.40
Support Levels: $2.96 → $2.90 → $2.85 (critical)
Summary:
As long as XRP stays below $3.17, short-term pressure remains bearish.
A break above $3.17 could trigger another rally attempt toward $3.40.
If price drops below $2.85, the risk of a deeper correction increases toward $2.65 or even $2.21.
Ideal bullish scenario: One more dip to $2.96–$2.90 followed by a strong bounce.
💡 Trading Outlook:
🔴 Bearish bias until price breaks $3.17
🟢 Switch to bullish if price breaks and holds above $3.17