The post XRP Price Prediction For August 20 appeared first on Coinpedia Fintech News
The price of XRP slipped by 5% in the last 24 hours, falling to $2.89. On the surface, it looks like just another dip in a volatile market. But when you zoom out, the charts are painting a bigger picture that could determine XRP’s direction in the weeks and months ahead.
A Warning From the Weekly Chart
Technical analysts have been sounding the alarm for weeks. The weekly chart shows a classic sign of weakness: a bearish divergence. While the price of XRP has been pushing up to new highs, the Relative Strength Index (RSI) has been moving lower.
This split between price and momentum often suggests the rally is running out of steam. In fact, the last time XRP flashed a similar pattern was in late 2020, and what followed was a painful correction that stretched over several months.
Right now, XRP looks strong on the surface, but under the hood momentum is fading. The analyst said that it does
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