Bitcoin

XRP Price Prediction For August 5

XRP has shown a short-term bullish action, backwards above key support levels. However, a more in -depth examination of long -term technical indicators reveals that this rally may be temporary. According to a recent analysis, XRP could enter a correction period which can last several weeks, even months.

Divergement divergence on the weekly graphic

One of the strongest warning signals comes from the weekly deadline. Analysts have confirmed a downward divergence on the XRP graph. This happens when the price increases the highest, but the relative resistance index (RSI) increases the summits.

The last time that such a diagram appeared was between the end of 2020 and the beginning of 2021. This divergence resulted in a 60% drop in XRP prices over a period of about three months. While the price rebounded during this period, the overall trend has remained negative for a while.

What history tells us

The previous down divergence saw XRP live short-term recovery, but these were followed by deeper withdrawals. From April to July 2021, for example, XRP fell strongly despite a brief rebound of 70% between the two.

This tells us that if short -term gains are possible, greater lower lower trends often dominate, especially when they are supported by strong technical signals such as the current divergence on the weekly graphic.

Current market behavior

Currently, XRP is negotiating about $ 3.05 after a strong resumption of the lowest. The part has managed to break above the $ 2.90 support area, which could now act as a short-term support area between $ 2.90 and $ 3.00. Resistance levels are about $ 3.10 to $ 3.20, and maybe even $ 3.40.

The current price model is very similar to what XRP showed at the beginning of 2025. At the time, XRP jumped, maintained a key level for a certain time, then broke below support and entered a prolonged downward trend. Even if there were strong recovery, the overall direction remained negative for months.

This makes it fear that XRP repeats this same cycle now, in particular with the downward divergence already confirmed on the weekly graphic.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button