XRP (XRP) Price Prediction for August 10
XRP price has staged a strong rebound after last week’s pullback, recovering from lows near $3.09 to retest the $3.34 resistance zone. The move follows a clean bounce off the daily demand area around $3.00–$3.10, with spot netflow data showing $2.23M in outflows on August 9, suggesting accumulation by long-term holders. However, overhead trendline resistance is keeping price capped in the near term.
What’s Happening With XRP’s Price?
XRP price dynamics (Source: TradingView)
On the daily chart, XRP price today is consolidating inside a descending triangle pattern that formed after the sharp rally toward $3.80 in late July. Price is now pressing against the triangle’s upper boundary around $3.34–$3.35. A breakout above this level could open the door toward $3.55–$3.56, which marks the next supply zone.
XRP price dynamics (Source: TradingView)
The recovery from $3.09 was supported by a strong bullish engulfing candle on August 8, which flipped short-term momentum. Demand remains visible in the $3.00–$3.10 zone, which aligns with prior breakout levels and the 4-hour Supertrend support at $3.098.
Why XRP Price Going Up Today?
The post XRP (XRP) Price Prediction for August 10 appeared first on Coin Edition.
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XRP (XRP) Price Prediction for August 10
XRP price has staged a strong rebound after last week’s pullback, recovering from lows near $3.09 to retest the $3.34 resistance zone. The move follows a clean bounce off the daily demand area around $3.00–$3.10, with spot netflow data showing $2.23M in outflows on August 9, suggesting accumulation by long-term holders. However, overhead trendline resistance is keeping price capped in the near term.
What’s Happening With XRP’s Price?
XRP price dynamics (Source: TradingView)
On the daily chart, XRP price today is consolidating inside a descending triangle pattern that formed after the sharp rally toward $3.80 in late July. Price is now pressing against the triangle’s upper boundary around $3.34–$3.35. A breakout above this level could open the door toward $3.55–$3.56, which marks the next supply zone.
XRP price dynamics (Source: TradingView)
The recovery from $3.09 was supported by a strong bullish engulfing candle on August 8, which flipped short-term momentum. Demand remains visible in the $3.00–$3.10 zone, which aligns with prior breakout levels and the 4-hour Supertrend support at $3.098.
Why XRP Price Going Up Today?
The post XRP (XRP) Price Prediction for August 10 appeared first on Coin Edition.
Read More
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