$XRP

Technical Analysis:

Chart Patterns:

XRP is trading within a symmetrical triangle between strong support at $2.80–$2.90 and resistance at $3.3. This range may indicate waiting for a decisive movement signal.

A clear breakout above $3.3 could open the way for a bullish session towards $3.5 and possibly $3.7.

On the other hand, breaking support at $2.8 could lead to a correction towards the pivot area at $2.0.

Technical Indicators:

Moving averages and RSI show mixed signals:

On the daily timeframe, the 50-day moving average indicates an upward trend, while the 200-day average, although currently below the price, has begun to rise as well, coming down from the highest level.

The RSI indicator is in a neutral range (30–70), with no clear signs of correction or reversal so far.

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Market Reading and Near Future:

Nearby Price Movements:

XRP saw a rise from $2.89 to $2.99 within 24 hours, temporarily reaching $3.08 before retracting.

Another analysis indicates that the price is currently hovering around $3.00, up approximately 5% during the day.

Forecasts and Analyses:

Some technical forecasts suggest a potential rise to the range of $3.7–$4.7 by the end of 2025 if support prices are maintained above $3.00.

Another analysis indicates that the likelihood of reaching $3.40–$3.45 by the end of August is probable, provided that resistance at $3.00 is successfully broken.