The XRP price is currently in a stabilizing phase following a significant increase in July. The cryptocurrency is hovering around $3.04, waiting for the next market movements.
Current XRP Price
Currently, the price of XRP is $3.0455, down 1.65% in the last 24 hours. It remains above the support level of $3.00, with a ceiling around $3.30–$3.50.
XRP Chart Analysis
The XRP chart reflects a significant breakout in July, when the price surged from around $2.00 to above $3.50. Since then, profit-taking has occurred, and the price has settled into a calmer range. "Candles are getting smaller, which usually indicates indecision."
XRP Price Outlook
If the price breaks above $3.30 on strong buying, it could open the way to $3.60–$3.80. Conversely, if it drops below $3.00, a decline to $2.80, with potential support at $2.44, is possible.
The current market situation for XRP indicates that the price might continue fluctuating between $3.00 and $3.20 until a clear directional movement occurs.
