📉 Current performance and summary$XRP :-
• The current price is about $2.99, up $0.05 (+1.7%) since the previous close.
• Despite the gains this morning, XRP faced a decline of 6.1% over the last 24 hours following the announcement of new U.S. tariffs that led to a collective sell-off of cryptocurrencies.
• Nevertheless, market whales (through institutions) absorbed the offered amount, helping the price recover to around $2.98.
🔮 Today's and tomorrow's forecasts:-
• According to TradersUnion forecasts, a rise of +0.8% is expected within 24 hours to reach about $3.01, and **+1.3% within 48 hours** to around $3.03.
• CoinCodex analysis also predicts slight steadiness around $3.01 tomorrow, with a limited range of change between $2.98 and $3.01.
• Conversely, the Changelly model sees a potential decline of about -3.65% reaching a price below $2.90 by August 3.
🧠 Influencing technical and fundamental factors:-
• Resistance support at $3.00: the price is currently testing this level, and any breach below it may lead to a decline towards $2.75 if trading volume decreases again.
• Strong movement from Kraken: transferring 82 million XRP from Kraken has raised speculation about potential institutional entry or liquidity accumulation before an expected breakout.
• High activity on the network: XRPL recorded over 70 million transactions in July, which prompted the CTO to propose a technical upgrade to improve performance.
• Regulatory issues: The court recently rejected the proposed settlement between Ripple and the SEC; however, Ripple's announcement of the intention to withdraw the appeal could reduce regulatory doubts in the future.
📊 Quick forecasts$XRP :-
1- Today (August 2), the expected range (USD) ~2.95 – 3.00, strong resistance at $3.00, temporary sideways trading.
2- Tomorrow (August 3), the expected range (USD) ~2.98 – 3.03, with a slight rebound or stability near the level.
⚠️ Recommendations and risks:-
• Short-term forecasts are governed by trading volume movements and support at the $3.00 level.
• Recurring selling pressures, especially from large holders (as seen in transfers from Larsen or Kraken), could push towards breaking the support.
• Global news such as tariff decisions and the regulatory climate add an element of uncertainty to prices in the near term.
✅ Summary:-
It can be said that:
• Today's price is trading close to $2.99 after bouncing from a small white decline.
• Tomorrow, the most likely expectation is stability or a slight rise to the range of $3.01–3.03, provided that there is no recurrence of significant selling pressure.
• The main support is $3.00, and any decline below it should be closely monitored.
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