The post XRP (XRP) Price Prediction for August 2 appeared on BitcoinEthereumNews.com.

After a sharp rally through July, XRP price is back under pressure as sellers regain short-term control. XRP price today trades around $2.95, sliding from its recent peak near $3.66. The correction comes amid weakening momentum across multiple indicators and broader questions surrounding XRP Ledger utility in institutional payments. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the daily chart, XRP price is unwinding recent gains after forming an equal high near $3.66. A clear Change of Character (CHoCH) pattern is now visible below the $3.00 mark, suggesting a potential breakdown from the prior impulse structure. Price has re-entered a former supply zone and is currently testing the $2.91 support, aligned with the 200 EMA on the 4-hour chart. The Smart Money structure also shows a loss of bullish dominance, with the last confirmed Break of Structure (BOS) now distant. As XRP dips back below prior liquidity pools, traders are watching whether the current pullback evolves into a deeper trend reversal or finds support near key EMAs. Why Is XRP Price Going Down Today? XRP price dynamics (Source: TradingView) There are two key forces behind why XRP price going down today. First, from a technical perspective, XRP has broken below the short-term VWAP and key moving averages across intraday timeframes.  Directional indicators confirm the trend weakness. The DMI shows -DI crossing above +DI with a strengthening ADX, validating downside momentum. The Parabolic SAR has also flipped above price on the daily timeframe, reinforcing the shift. XRP price dynamics (Source: TradingView) The 1-hour RSI has dipped to 32.9, showing oversold territory, yet no bullish divergence is forming. MACD and SAR have also flipped bearish, with the 4-hour Bollinger Bands expanding to the downside. XRP Derivative Analysis (Source: Coinglass) Second, on-chain and sentiment factors are shifting. Spot exchange data…

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Filed under: News - @ August 1, 2025 9:27 am