XRP (XRP) Price Prediction for August 23

The XRP price today is holding around $2.83 after slipping from early August highs near $3.60. The pair has been consolidating inside a descending structure with repeated rejections from lower highs, pointing to weakening momentum. On the daily chart, XRP remains above the 200 EMA ($2.46), but pressure is mounting as sellers test the $2.73 support cluster.

XRP Price Forecast Table: August 23, 2025

What’s Happening With XRP’s Price?

XRP has been trading inside a tightening symmetrical triangle since its July rally peaked near $3.60. Price is now pressing the lower boundary of this formation, which aligns with the 100 EMA ($2.73). A breakdown below this level could expose a sharper retracement toward the $2.46 zone, where the 200 EMA sits.

XRP’s daily chart highlights a series of equal highs (EQH) near $3.60 followed by a change of character (CHoCH) to the downside. This pivot signaled the end of impulsive bullish control. Since then, multiple BOS events have unfolded, confirming that smart money has been offloading positions into retail demand zones.

The most recent BOS around $2.90–$2.95 has pushed price back into the lower region of the current triangle structure. Below, the strong low from July sits around $2.20, marking a liquidity pool that could be tapped if $2.73 fails to hold. On the upside, buyers must break the $3.08–$3.19 zone, where prior BOS-turned-supply blocks remain stacked.

Momentum indicators echo this weakening bias. The 4-hour Bollinger Bands are contracting, with candles leaning near the lower band around $2.79, suggesting bearish imbalance. On the 30-minute chart, XRP trades below its VWAP baseline ($2.85), a sign of intraday sell-side pressure. The RSI has slipped to 46, confirming fading demand after repeated rejections from the $3.00 handle.

Why Is The XRP Price Going Down Today?

The answer to why XRP price going down today lies in the combination of failed recoveries and fresh supply pressure. Fibonacci retracement levels on the 4-hour chart highlight persistent rejection between $3.08 (0.382 Fib) and $3.19 (0.5 Fib). 

Price action has struggled to break back above these zones, leaving bulls vulnerable beneath layered resistance. The Parabolic SAR on the 4-hour chart has dotted above price since mid-August, indicating sustained bearish control.

Supertrend signals on the daily timeframe remain bearish, flipping red above $3.34 and holding downside bias as long as XRP trades below $3.00. Supporting this, DMI readings show negative directional movement (-DI) leading, while ADX holds above 20, confirming a controlled downtrend environment.

On-chain flow data reinforces this weakness. Despite a modest $18.4M positive netflow on August 22, XRP continues to trade lower, suggesting that inflows are insufficient to offset broader sell pressure.

XRP Price Prediction: Short-Term Outlook (24H)

The immediate battle zone sits between $2.73 and $2.90. If XRP closes below $2.73 with volume confirmation, the next supports lie at $2.64 and $2.46. This would risk invalidating the symmetrical triangle support and open a path toward deeper liquidity zones near $2.20.

On the upside, reclaiming $2.90 and $3.00 would be essential for bulls. A decisive break above the $3.08–$3.19 Fibonacci cluster could re-target $3.30 (0.618 Fib) and potentially $3.46. Until that happens, the bias leans cautiously bearish.