XRP News Today: XRP Consolidates Near $3.10 as Key Support Tested Amid Mixed Momentum Signals

XRP (XRP) has retreated to around $3.20 after reaching a peak of $3.72 earlier this month, consolidating within a tightening range. Current price action shows buyers defending a key support level of $3.09–$3.10, while sellers are capping gains below $3.40. The next 24 hours will be crucial as the price attempts to reclaim short-term moving averages and break above the descending trendline resistance [1].

On the daily chart, XRP remains above its July breakout level near $2.80, maintaining a bullish structure on higher timeframes. The price has settled into a symmetrical triangle pattern on the 4-hour chart, with resistance converging at $3.368–$3.400 and support near $3.093 [1]. The 4-hour exponential moving averages (EMAs) show mixed positioning: EMA20 at $3.213 acts as immediate resistance, while EMA50 ($3.141) and EMA100 ($3.104) provide layered support beneath the current level. The EMA200 at $2.985 aligns with a high-volume demand zone from early August, offering a deeper support cushion [1].

The Parabolic SAR on the 4-hour timeframe remains above price, signaling that sellers currently hold short-term control. Support layers include $3.10, $3.00, and $2.92, with a deeper demand zone sitting at $2.80 [1]. The 4-hour Supertrend remains bullish above $3.093, reinforcing the $3.09–$3.10 zone as a critical defensive level for buyers [1]. The DMI readings show the +DI (22.56) slightly above -DI (19.30), with ADX near 16, indicating that the current trend lacks strong directional conviction [1].

Positive spot netflows of +$10.19M suggest that larger players are adding positions during the pullback, which may help support the base [1]. However, an unfilled supply block between $3.54 and $3.66 has acted historically as a profit-taking zone. Until the price can build acceptance above $3.40, further upside tests of this supply block remain unlikely [1].

The RSI on the 30-minute chart is at 39.66, while the 4-hour RSI stands at 45, signaling that sellers are losing immediate strength. Tightening Bollinger Bands on the 4-hour chart, with the lower band at $3.033 and the midline at $3.240, suggest a potential buildup in volatility. A reclamation of VWAP at $3.228 and the EMA20 at $3.213 would indicate a return of bullish momentum [1]. Conversely, failure to do so could lead the price toward the $3.00 level [1].

For short-term traders, a bullish case would require a breakout above $3.368–$3.400, confirming a triangle resolution to the upside. This could initially target $3.54, with a potential move toward the $3.66 supply zone. A breakdown below $3.093 would invalidate this scenario, potentially leading to a drop toward $2.985 and $2.80 [1]. In the bearish case, a loss of $3.093 would trigger a deeper pullback into the $2.98–$3.00 demand zone. A decisive break under $2.98 could accelerate selling toward $2.80, where the daily breakout base lies. This bearish scenario would be invalidated if price reclaims and closes above $3.400 on strong volume [1].

Confidence in the near-term outlook remains medium. While the higher-timeframe structure is bullish, short-term indicators show mixed momentum and weak trend strength [1].

Source: [1]XRP (XRP) Price Prediction for August 11 (https://coinedition.com/xrp-xrp-price-prediction-for-august-11/)