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XRP Price Prediction for August 31
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Can rate of XRP remain above $2.80 until end of week?
Neither bulls nor bears are dominating on the last day of the week, according to CoinMarketCap.
XRP/USD The rate of XRP has risen by 0.48% over the last day.
On the hourly chart, the price of XRP is breaking the local support of $2.8180. If a breakout happens and the daily bar closes below that mark, the correction is likely to continue to the $2.80 range by tomorrow.
On the bigger time frame, the rate of XRP is bearish as it is approaching the support of $2.7387.
If a breakout happens, the accumulated energy might be enough for a test of the $2.60-$2.70 zone soon.
A similar picture is on the weekly chart. At the moment, traders should pay attention to the bar closure in terms of the $2.7387 level. If bulls cannot seize the initiative, there is a chance of a more profound correction to the $2.50 mark. XRP is trading at $2.8191 at press time.
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Disclaimer, The information provided on this video does not constitute investment advice, financial advice, trading advice, for informational purposes only,
you should not treat any of the video’s content as such.
Please, consult your financial advisor before making any investment decisions.
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