Today, XRP showed a 4.86% increase, closing at $2.9135 after dipping to $2.7273. This rise follows a week of heavy selling.
Current Price Overview
XRP closes at $2.9135, showing significant recovery from recent declines. The previous support level was at $2.72.
XRP Technical Analysis
According to indicators, the 200-day moving average is at $2.4554, indicating a long-term bullish trend. The RSI is around 48, reflecting neutral territory for XRP. Trading volume has slightly increased, showing buyer support at the current level.
Price Scenarios for XRP on August 4
There are several scenarios for XRP's price: 1. If XRP closes above $3.00, the next upside targets may be $3.20 and $3.30. 2. If the $2.80 level holds, XRP could continue moving sideways between $2.80 and $3.00. 3. A break below $2.77 could lead to a decline towards $2.60 with potential further moves to $2.50-$2.40.
XRP is currently trying to recover from previous losses, but a stable rise requires breaking through the $3.00 level.
