XRP price prediction: XRP capped at $3.05 as bulls attempt breakout from descending channel
XRP price is trading around $2.995 after slipping 0.54 percent in the most recent session, with price action constrained within a descending channel on the 4-hour chart. Attempts to recover from last week’s lows near $2.75 have been met with resistance at the 50 EMA ($3.03) and 100 EMA ($3.05), which continue to cap upside attempts.
Highlights
- XRP trades near $2.995, down 0.54 percent, and remains within a descending channel pattern
- Net inflow of $19.79 million on August 4 suggests accumulation is underway
- A close above $3.05 could trigger upside toward $3.30, but rejection risks persist near resistance
This confluence zone aligns with the channel midline, making it a critical level for any sustained breakout. The current structure reflects a corrective bounce within a broader downtrend, marked by lower highs and lower lows since the rejection at $3.80. Price has found short-term support at the 200 EMA ($2.91), creating a temporary base.
XRP price dynamics (Source: TradingView)
A daily close above $3.05 would likely invalidate the descending pattern and pave the way for gains toward $3.30 and $3.55. If rejected again, XRP risks retesting $2.80 or even the lower accumulation zone near $2.60.
Inflow surge points to renewed interest, but trend remains vulnerable
On-chain data supports the rebound effort. According to Coinglass, XRP recorded a net spot inflow of $19.79 million on August 4, the highest single-day positive flow in recent weeks. Historically, such inflows have preceded price stabilizations or trend reversals, although consistent capital inflows are typically needed to sustain upside.
Despite the favorable flows, XRP price remains structurally vulnerable. The EMAs are yet to be reclaimed and trendline resistance continues to suppress momentum. The next few sessions will likely hinge on whether bulls can break and hold above $3.05, or if renewed selling pressure pulls price back toward lower support levels.
Earlier analysis emphasized the need for a close above the $3.05–$3.10 area to shift sentiment in favor of bulls. That resistance remains firmly intact, and without confirmation, any bounce is likely to be faded within the channel. Structural clarity is still pending, despite signs of early accumulation.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
