XRP (XRP) Price Prediction for August 2
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After a sharp rally through July, XRP price is back under pressure as sellers regain short-term control. XRP price today trades around $2.95, sliding from its recent peak near $3.66. The correction comes amid weakening momentum across multiple indicators and broader questions surrounding XRP Ledger utility in institutional payments.
What’s Happening With XRP’s Price?
On the daily chart, XRP price is unwinding recent gains after forming an equal high near $3.66. A clear Change of Character (CHoCH) pattern is now visible below the $3.00 mark, suggesting a potential breakdown from the prior impulse structure. Price has re-entered a former supply zone and is currently testing the $2.91 support, aligned with the 200 EMA on the 4-hour chart.
The Smart Money structure also shows a loss of bullish dominance, with the last confirmed Break of Structure (BOS) now distant. As XRP dips back below prior liquidity pools, traders are watching whether the current pullback evolves into a deeper trend reversal or finds support near key EMAs.
Why Is XRP Price Going Down Today?
There are …
The post XRP (XRP) Price Prediction for August 2 appeared first on Coin Edition.
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