XRP (XRP) Price Prediction for August 5

After a swift rebound from $2.60, XRP price today is testing key resistance near $2.98. The rally has pushed XRP into the apex of a multi-week falling wedge, with traders now watching to see if the momentum carries forward into a breakout or stalls beneath the trend ceiling. Price is reacting to structural supply near $3.00, while indicators signal both strength and early exhaustion.

XRP Price Forecast Table: August 5, 2025

What’s Happening With XRP’s Price?

XRP has moved back into the midrange of its broader daily support structure after finding demand near $2.60. The 4-hour chart shows price coiling inside a falling wedge, with the current candle pressing directly into the descending resistance. This pattern stretches back to the mid-July high near $3.60 and compresses into a breakout zone just under $3.00.

On the daily chart, XRP has reclaimed the prior breakout zone near $2.85–$2.90. This zone was a launchpad in July and is now being retested. The broader structure still shows a macro higher low, preserving the uptrend, but bulls must close above $3.03 to gain full control. A rejection at this level would keep the wedge intact and delay upside continuation.

From a longer-term view, XRP is still trading above multiple demand blocks highlighted between $2.20 and $2.60. These acted as accumulation zones before the July breakout and remain valid support areas unless broken with volume.

Why Is The XRP Price Going Up Today?

Why XRP price going up today can be attributed to a combination of technical rebound and short-term inflows. The 30-minute VWAP chart shows XRP briefly reclaiming session mid-line support at $2.984 before pulling back slightly. The bounce occurred just as RSI moved into overbought territory, touching 70 before cooling to 59, suggesting the move may pause unless volume accelerates.

The 4-hour Bollinger Bands show that price has pushed into the upper band while sitting above the 20 EMA ($2.947) and approaching the 50 EMA ($3.03). The cluster of moving averages above and below creates compression, reinforcing the significance of the current $2.98–$3.03 zone.

On-chain spot flows show a modest $7.91 million net inflow into XRP across exchanges over the past 24 hours. While not a large figure, it reflects mild buyer interest as price approaches the apex of the wedge. This inflow contrasts with consistent outflows observed last week, signaling a short-term sentiment shift.

Key Indicators Suggest Mixed Signals At Resistance

The 4-hour Supertrend remains bearish, with the flip line currently near $3.45. Unless XRP clears and sustains above $3.03, the Supertrend will continue to signal caution. Meanwhile, the Directional Movement Index (DMI) on the daily chart shows +DI beginning to climb again, but -DI still leads. The ADX is above 20, suggesting trend strength is present, but direction remains uncertain.

Parabolic SAR on the 4-hour chart has flipped below current price, reflecting a momentum shift in favor of bulls. However, this signal coincides with XRP entering a major resistance zone, increasing the probability of a short-term rejection if no follow-through occurs.

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

If XRP closes above the $3.03 level with increasing volume, the falling wedge breakout will be confirmed. In that scenario, bulls could target the next resistance near $3.25 followed by $3.45, the July swing high. However, failure to close above $3.00 could trigger a rejection back toward $2.85 and even $2.75, where both trendline support and previous demand exist.

On the downside, if $2.75 fails to hold, the lower trendline near $2.60 becomes the next structural zone. Reclaiming $3.03 with strong confirmation is essential for bulls to regain directional momentum into the second week of August.