📌 Current situation (today)$XRP :-
• Current price of XRP: around $2.93, down ~4.2% over the past 24 hours.
• It reached a high of about $3.08 today, and a low of $2.93.
• A strong rebound from support at $2.80 led to an increase of about 24% recently, reaching around $2.95 today.
• However, a warning from one technical analysis about the formation of a Death Cross in key indicators suggests a potential selling pressure soon.
🔮 Predictions over the coming hours (until tomorrow):-
• According to CoinLore's analysis, the price is expected to range between $2.91 as a maximum and $2.78 as a minimum, with a forecasted price for tomorrow at around $2.94.
• Another analysis suggests a potential decline of approximately -2.3% by August 7, 2025, which would be within a day or so, supporting a slight decrease scenario for tomorrow.
• TradersUnion's outlook suggests the price may stabilize this week between $2.86 and $3.74, indicating relative volatility soon.
🧠 Key factors affecting the pair in the near future:-
1. Technical support and resistance
• Strong support at ~2.80$, resistance at ~3.00–3.10$. Breaking the resistance could push the price towards newer areas near $3.20, while breaking support could open the door towards $2.70–2.80$.
2. Recent news and reports
• The distribution of XRP cash ownership is still very centralized, which keeps it susceptible to sudden movements during whale trading.
• Analytical reports confirm the increasing interest in XRP as a long-term investment option through DCA strategies over the coming years, although they do not immediately affect short-term prices.
3. Technologies and legal constraints
• The possibility of advanced technical indicators like the Death Cross indicates the willingness of some traders to sell or hold at higher levels.
• The final court ruling in July 2023 provided a positive push for the currency, but the lack of current legal disputes may reduce the increase in positive volatility.
4. Accuracy and prediction
• A recent academic study found that short-term cryptocurrency price predictions are weakly performing, and simple models often outperform complex models in prediction accuracy. Therefore, short-term forecasts like day-to-day should be taken with caution.
💡 Short-term investment recommendations$XRP :-
• If you are a speculator: good monitoring of support levels ~2.80$, and resistance ~3.00$, with a close stop-loss to minimize losses.
• If you are a long-term investor: Dollar-cost averaging (DCA) strategies may be suitable but should not rely solely on instant predictions.
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