XRP Technical Analysis August 16, 2025
📊 Current Price: Approximately $3.12
📉 Key Technical Indicators:
Exponential Moving Average (EMA): The price is trading above the 200 EMA level on the 4-hour chart, indicating strong support at $3.04.
Relative Strength Index (RSI): At level 52, indicating a neutral state with a slight bias towards buying strength.
MACD Indicator: Indicates a potential bullish crossover on the 30-minute chart, enhancing positive expectations.
📈 Support and Resistance Levels:
Key Support: $3.04 (200 Exponential Moving Average level)
First Resistance: $3.20 - $3.21 (Exponential Moving Average crossover)
Second Resistance: $3.32 (61.8% Fibonacci retracement level)
🔮 Future Predictions:
If the XRP price can break through the $3.32 level, we may see a rise towards $3.47 - $3.68, which are low liquidity areas that could lead to strong price movements.
📌 Note: It is important to monitor market developments and economic news, as any changes may significantly impact price movement.
