XRP continues to remain in a sideways trading zone, confined between $2.90 and $3.30-$3.35. Today we will look at the current situation and technical indicators.
Current Situation of XRP
Currently, XRP is trading at $3.27, continuing to move within the boundaries of $2.90 on the lower end and $3.30-$3.35 on the upper side. Buyers are holding support, but breaking through the $3.30-$3.33 ceiling has yet to be achieved.
XRP Technical Analysis
Despite a decrease in trading volume compared to July, open interest has started to increase, suggesting traders are positioning themselves for the next move. Indicators show that most factors indicate momentum necessary for a bullish movement.
XRP Price Movement Predictions
Scenarios include: Bullish — a break above $3.33 could send XRP to $3.50 and then $3.66. Neutral — sideways trading until something triggers a breakout. Bearish — slipping below $3.10 may lead to targets at $3.00 and below.
XRP remains in a narrow range, with potential for growth above $3.35 and a drop below $3.00. Observing current trends will be a key factor in determining the further price direction.
