XRP price is trading around $2.96, showing very little action as the market sits between support and resistance. Buyers are holding the line near the lower end, while sellers are still defending the $3.20 zone. That standoff has kept XRP stuck in a sideways range for now.
Volume in the trade is softer than we observed on that initial higher this month breakout. That generally means speculators are waiting for a clear indication to take their next step
What We Got Right Yesterday
Yesterday’s prediction was all about the $2.80 level. The idea was simple: if the XRP price broke below it, the price could slide down to $2.60 or even $2.50. That breakdown didn’t happen, though. Bulls managed to hold above support, which means the range we’ve been talking about, $2.80 to $3.20, is still in play.
We also mentioned that only a strong move above $3.20 with volume could unlock the next leg higher toward $3.50–$3.60 and maybe a retest of $3.66. So far, that push hasn’t happened either. XRP is still coiling up, waiting for direction.
XRP Daily Overview (August 29)
Current Price: $2.96
24h Change: +1.23%
Volume: 277.8M (much lower than breakout days)
Open Interest/Market Cap Ratio: 0.0268
Net Longs: ~$5.35B
Net Shorts: ~$5.56B
What the XRP Chart Is Showing
Zooming out, XRP price had a big breakout this month, climbing from about $2.20 to $3.66. But since topping out, price has drifted sideways and settled into this range.
Buyers now are entering at $2.90-$3.00, which shows that the market still is treating that support. On the other hand, every attempt to get over $3.15-$3.20 has been rejected, and that shows sellers are still very strongly entrenched there.
Source: CoinAnk
Volume has cooled down a lot, but open interest hasn’t gone anywhere. That means traders are loaded up and just waiting for the breakout. Shorts are still a bit heavier than longs, which puts bears in charge for now, but that also leaves them vulnerable if XRP finally breaks higher.
Read Also: XRP Rich List Might Surprise You – How Much Do You Need to Be in the Top Holders?
XRP Price Scenarios for August 29
Bullish Scenario
If XRP breaks above $3.20 with real momentum, it could quickly make a run at $3.50–$3.60, and maybe even retest $3.66. A clean break there opens the door to $4.00.
Neutral Scenario
Most likely, XRP price simply continues to chop sideways between $2.80 and $3.20. Range trading continues until buyers or sellers finally break the impasse.
Bearish Scenario
If XRP loses $2.80, the chart flips bearish. That would drag the price toward $2.60-$2.50, the zone that powered July’s rally. A break below that would make $2.20 the next big target.
Final Thoughts
XRP price is still stuck between $2.80 and $3.20, but it will not stay that way forever. Once the breakout comes, expect a sharp move.
If bulls win, $3.50–$3.66 is back on the map. If bears take control, then the mid-$2.50s are likely. For now, XRP feels like a spring that’s wound tight, quiet on the surface, but building up energy for its next big move.
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The post XRP Price Prediction For Today, August 29 appeared first on CaptainAltcoin.
