- XRP price today trades at $3.02, down 1.2 percent after slipping below $3.10 resistance.
- The token is consolidating inside a symmetrical triangle, with support at $2.94 and resistance at $3.19.
- On-chain data shows $11 million in outflows, reflecting mild selling pressure from larger holders.
XRP price today is trading at $3.02, down 1.2 percent on the day after losing the $3.10 level. The token is moving inside a tightening symmetrical triangle, where short-term price action is being squeezed between converging support and resistance. The 20-day EMA at $3.10 is acting as immediate resistance, while the 50-day EMA at $2.94 has become the first key support level.
XRP Price: Technical Setup Signals Caution
The daily chart shows that XRP is consolidating after its rise above $3.60 in July. The price is now close to the 0.382 Fibonacci retracement level of $3.08, which is still a pivot point for intraday sentiment. If buyers can’t protect $2.94, the next level down is $2.72, which is in line with the 100-day EMA and a previous accumulation base. If the weakness lasts longer, it could expose the $2.45–$2.50 area, where the 200-day EMA is located.
Momentum signals reflect a cautious environment. RSI has slipped to 47, showing a neutral to bearish tilt. The Parabolic SAR dots are currently positioned above price, hinting at continued downside pressure. A shift above $3.19, however, could flip momentum, with the next resistance seen at $3.30, followed by $3.45.
On-chain flows provide further insight. According to Coinglass, XRP recorded net outflows of nearly $11 million on August 19, suggesting mild selling activity from larger holders. Sustained outflows at current price levels could restrict bullish attempts in the short term, explaining why XRP price is consolidating rather than trending higher.
XRP Price Short-Term Outlook
The immediate XRP price update shows a market at a decision point. Bulls must hold $2.94 to keep the pattern intact. A rebound above $3.19 would open a path toward $3.30–$3.45, while failure to defend current support increases the likelihood of a slide toward $2.72.
XRP Forecast levels:
- Support: $2.94, $2.72, $2.45
- Resistance: $3.19, $3.30, $3.45
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Source: https://coinedition.com/xrp-price-prediction-for-today/