Today’s XRP (XRP), Price Prediction

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  The XRP price is currently trading at $3.02 – down 1.2 percent from $3.10 after it fell below the $3.10 resistance.
  
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  The token consolidates inside a triangle with support at $2.94, and resistance at $3.19.
  
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  On-chain information shows $11 million of outflows, indicating mild selling pressure by larger holders.
  

XRP is currently trading at $3.02 today, down 1.2 per cent on the day. It lost the $3.10 mark. The token is moving within a tightening triangle, where the short-term price is being squeezed by converging resistance and support. The 20-day EMA of $3.10 acts as immediate resistance while the 50-day EMA of $2.94 is the first important support level.

XRP price: Technical Setup Signals Warning

The daily chart shows XRP consolidating after its rise over $3.60 in late July. The price is close to the $3.08 0.382 Fibonacci level, which is still pivotal for intraday sentiment. If buyers cannot protect $2.94, then the next level is $2.72. This is in line with a previous accumulation and the 100-day EMA. If the weakness persists, it may expose the $2.45 to $2.50 area, which is where the 200-day EMA can be found.

Momentum signals indicate a cautious atmosphere. RSI is now at 47, indicating a neutral or bearish bias. The Parabolic SAR points are currently above the price, indicating continued downward pressure. A move above $3.19 could change momentum. The next resistance is $3.30 followed by $3.45.

On-chain flows can provide additional insight. According to Coinglass XRP registered net outflows on August 19 of almost $11 million, suggesting a mild selling activity by larger holders. The continued outflows of XRP at current prices could limit bullish attempts for the short term. This is why XRP’s price is consolidating and not trending higher.

XRP Short-Term Price Outlook

The immediate XRP update shows a market that is at a critical decision point. Bulls must maintain $2.94 in order to maintain the pattern. A rebound above $3.19 will open the path to $3.30 and $3.45, while failure to defend the current support increases likelihood of a decline towards $2.72.

XRP Forecast levels:

• Support: $2.94, $2.72, $2.45
• Resistance: $3.19, $3.30, $3.45

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