The post XRP Price Prediction For August 12 appeared first on Coinpedia Fintech News
XRP’s price action is sending mixed signals. While short-term gains have appeared, the bigger picture on the weekly chart still leans towards weakness in the coming months. On the weekly timeframe, XRP has a confirmed bearish divergence, a technical sign that momentum is slowing. This usually points to a possible pullback ahead.
While short-term rallies can happen, the overall trend hints at a slowdown or even a deeper correction. Analysts believe that from late August into September and October, XRP could face more bearish price action, similar to other coins with the same chart pattern.
Daily Chart Shows Temporary Strength
Looking at the daily chart, XRP has enjoyed a strong bounce over the past week. However, this appears to be a short-lived rally within a larger bearish price structure.
The setup is similar to what happened earlier this year in January and February, when XRP rose
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