XRP price prediction: Reclaims $3.07 as inflows and EMA support fuel rally
XRP price climbed 2.57% on Thursday, breaking above a multi-week descending channel to trade near $3.07 in the early U.S. session. The move follows a period of consolidation under the midline of the falling channel, with bulls reclaiming momentum amid surging on-chain inflows and a clear reclaim of key exponential moving averages.
Highlights
- XRP gains 2.57% to trade near $3.07 after breaking above a multi-week descending channel
- $26.47 million in net inflows mark highest daily gain in a month, signaling accumulation
- Key upside targets lie at $3.15 and $3.35 while $2.93 remains critical support
The breakout places the asset back in short-term bullish territory, with eyes now on the $3.15–$3.20 resistance zone. On the 4-hour chart, XRP has pushed above its 20 and 50 EMA lines, both of which have started sloping upward. The 100 EMA at $3.03 has also acted as a springboard for further upside, and the 200 EMA at $2.93 remains intact as a structural support.
XRP price dynamics (Source: TradingView)
The RSI reading of 59.27 suggests increasing bullish momentum, marking a substantial shift from earlier sub-40 values. If buyers can clear $3.15 with conviction, the path toward $3.35 opens up, where the next major supply zone is likely to emerge. On the flip side, failure to hold $3.00 could result in a retest of $2.95 or even the $2.80 base.
Net inflow data signals fresh institutional accumulation
Latest spot netflow data reveals a $26.47 million net inflow into XRP on August 7, the largest single-day positive flow in over a month. These inflows, often associated with accumulation from institutional players, have historically coincided with trend reversals and breakout continuations. The sustained positive flow, combined with the technical breakout, adds confidence to the bullish case for XRP in the near term.
In our earlier coverage, we highlighted the importance of defending the $2.93–$3.00 support zone and watched for signs of a breakout above the descending trendline. This scenario has now materialized, adding credibility to the reversal thesis and placing focus on whether bulls can maintain momentum into mid-August.
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