On August 9, 2023, the price of XRP continues to show positive trends despite resistance at $3.33–$3.40. This article examines the current situation and forecasts for the near future.
Current XRP Price
Currently, the price of XRP stands at $3.29, with a 24-hour change of -0.64%. The price remains above the 9-day simple moving average (SMA), suggesting bullish sentiment in the market.
XRP Chart Analysis
The structure of the XRP chart presently looks optimistic, with higher lows and a clear bounce from the upward trendline. A close at or above $3.40 may open the pathway to $3.50 and $3.60.
XRP Price Forecasts
Forecasts depend on the price's further behavior. A bullish scenario suggests a rise above $3.40, potentially leading to $3.50 and $3.60. A neutral scenario indicates fluctuations within the range of $3.00 to $3.40, while a bearish scenario may open up the possibility of a drop to $2.80.
The current price of XRP remains in a short-term upward trend. It is crucial to monitor the resistance level at $3.33–$3.40, which could prove critical to further developments.
