The post XRP Price Prediction For August 1 appeared first on Coinpedia Fintech News
The price of XRP has dropped by over 3% and is currently trading around $3.01. This brings the token dangerously close to falling below the crucial $3 support level, a price point that has held strong for quite some time. If it breaks below, it could signal more downside in the short term.
Weekly Chart Shows Weakness Ahead
Looking at XRP’s weekly price chart, analysts say there’s no confirmed end to the broader bull market yet. However, in the short term, the token is clearly showing signs of weakness, something that is also being seen across the wider crypto market.
A particularly concerning development is the bearish divergence forming on the XRP weekly chart. While the price has made higher highs in recent weeks, the Relative Strength Index (RSI), a key technical indicator, is making lower highs. This mismatch often points to an upcoming correction.
The current weekly candle is set t
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