XRP (XRP) Price Prediction for August 9

16h ago•

bullish:

bearish:

XRP price has completed a strong breakout from the descending channel that limited movement over the past two weeks. The advance began near the $2.88 to $2.90 demand zone and extended through the $3.20 resistance before reaching highs of $3.38. A minor intraday pullback followed, but the structure remains decisively bullish.

*XRP price dynamics (Source: TradingView)*

The 4-hour chart shows price reclaiming the ascending trendline from early July and flipping multiple prior resistance areas into support. The breakout was accompanied by strong volume, suggesting participation from both spot and derivatives traders. Immediate support now sits near $3.20, while the next barrier is located between $3.38 and $3.40.

Bollinger Bands have widened significantly since the move began, reflecting a volatility expansion phase. The EMA20 at $3.09 and EMA50 at $3.05 have crossed above the EMA100 at $2.94, creating a bullish alignment beneath price. This technical stack often appears in the early stages of sustained uptrends.