XRP (XRP) Price Prediction for August 6

The XRP price today is trading around $3.03, struggling to gain momentum after breaking back above its descending channel resistance. While the recent bounce from sub-$2.80 levels signals short-term demand, overhead resistance between $3.14 and $3.34 continues to stall recovery. The market structure remains vulnerable to a pullback unless bulls flip key moving averages into support.

XRP Price Forecast Table: August 6, 2025

What’s Happening With XRP’s Price?

On the 4-hour chart, XRP price has broken out of a falling parallel channel that had defined price action since July 22. After finding support near $2.76, price rebounded sharply, pushing above the channel’s upper boundary and testing resistance at $3.14.

The breakout remains tentative. Price has not yet confirmed a close above the gray liquidity zone that spans $3.03 to $3.14. This region overlaps with previous support turned resistance and coincides with an important order block from late July.

Fibonacci extension levels on the daily chart show that XRP price is now pressing against the 0.5 midpoint at $3.07. A rejection here could reinforce the short-term bearish bias unless bulls secure a sustained close above $3.14, which would open a path toward $3.34 and $3.42.

Why Is The XRP Price Going Down Today?

The primary reason why XRP price going down today is rejection near overlapping indicator resistances. Despite the initial strength in the breakout, upside momentum is beginning to stall.

The Supertrend on the 4-hour chart is still red, with resistance showing at $3.03. Until XRP reclaims this level on multiple candles, trend traders are likely to remain cautious. The Directional Movement Index also shows ADX sloping lower and +DI failing to cross above -DI, indicating trend indecision.

Bollinger Bands are beginning to expand, but price has stalled right at the upper band ($3.12) without follow-through. EMA clustering on the 4H timeframe further complicates the upside. The 20/50/100 EMAs are tightly aligned between $2.98 and $3.05, creating a confluence wall that XRP price must break decisively.

Additionally, spot netflow data on August 5 shows an outflow of $15.21 million, signaling potential profit-taking or repositioning from large holders. The declining net inflow trend over the past two days supports the likelihood of overhead supply pressure.

XRP Price Action Signals Pause After Bounce

The 30-minute chart shows price consolidating after a strong impulse move, with the Parabolic SAR dots now flipping above the current candle. This is often a signal of short-term exhaustion. VWAP also shows that XRP price has lost its advantage above the session average and is now trading below $3.06, a key pivot.

DMI readings suggest weakening bullish momentum. RSI has turned sideways around 48 on lower timeframes, confirming the loss of intraday strength. Unless fresh volume enters above $3.14, price may drift back to retest the $2.96–$3.00 zone.

On the daily chart, XRP remains within a longer-term rising pitchfork channel. However, the price has failed to reclaim the midline near $3.07, indicating buyers are not in full control yet. The risk remains for a revisit to the lower trend support near $2.76 if the $3.14 level continues to reject price.

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

In the immediate term, if XRP can reclaim $3.14 with strong candle close confirmation, upside targets open at $3.34 and $3.42. A move beyond that could accelerate gains toward the next major swing high near $3.69.

However, failure to hold above $3.00 risks sending XRP price back toward the 100 EMA at $2.92 and then the recent bounce base near $2.76. A breakdown below this level would invalidate the bullish structure and suggest a return to the lower trend channel.

Given mixed indicators and resistance clustering between $3.05 and $3.14, the short-term outlook remains neutral to slightly bearish unless volume and trend signals shift.