XRP (XRP) Price Prediction for August 7

After briefly reclaiming the $3.00 handle, the XRP price today has retraced below $2.96, as sellers stepped in near major EMA clusters and the midline of the descending trend channel. Price action remains under pressure following a confirmed Change of Character (CHoCH) on the daily chart, while the trend bias has tilted slightly bearish for the short term.

XRP Price Forecast Table: August 7, 2025

What’s Happening With XRP’s Price?

On the 4-hour chart, XRP price action is currently trapped inside a descending parallel channel that started forming in late July. The recent attempt to break above this structure failed at $3.09, coinciding with strong EMA resistance and the upper half of the channel. The Parabolic SAR dots have now flipped above the latest candles, confirming a rejection and signaling potential continuation lower.

This rejection also lines up with the red zone on the Smart Money Concepts chart, which flagged the $3.10 area as a weak high. Price remains unable to break through this region, showing that demand is drying up at resistance.

Why XRP Price Going Down Today?

The decline in XRP price today can be attributed to multiple converging technical and sentiment signals. On the 4-hour chart, price failed to sustain above the EMA20/50/100/200 cluster, all located between $2.96 and $3.02. The Bollinger Bands also rejected price at the upper band near $3.10 and have since narrowed, indicating falling volatility and rising downside risk.

On the daily chart, XRP is trading below the Supertrend flip level at $3.45, keeping momentum capped. The Directional Movement Index (DMI) shows +DI falling and -DI gaining ground, confirming weakening bullish strength.

Open interest has dropped by nearly 5% to $7.08B, reflecting a minor exodus of leveraged participants. While net spot flows remain slightly positive at +$2.49M, it has not been sufficient to maintain upward momentum. 

Futures long/short ratios on Binance and OKX still lean bullish, but price action suggests longs are losing control in the short term.

VWAP and RSI Show Mid-Range Compression

On the 30-minute chart, XRP price has now dropped below the VWAP midline, trading between $2.93 and $2.95, with no clear momentum on either side. The RSI is currently at 52.27, reflecting a neutral stance after failing to break into overbought territory.

These signs suggest XRP is entering a mid-range compression zone and may be preparing for another volatility event if a breakout or breakdown occurs. The lack of volume expansion, along with recent lower highs, hints at a bearish bias in the near term unless key levels are reclaimed.

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

As long as XRP price remains below $3.02, short-term momentum favors the downside. A breakdown below $2.91 opens the path toward $2.78, which aligns with the Fibonacci support zone and the lower bound of the trend channel. Further downside could extend to $2.60 and $2.45 if liquidity pockets are targeted.

However, a breakout above $3.09 would invalidate the current bearish channel and could trigger a fast move toward $3.40, with higher targets at $3.70 and $3.85 based on the pitchfork resistance lines.

The broader structure on the daily chart still remains inside a macro uptrend, but the local pullback may extend unless bulls reclaim control with volume support.