XRP (XRP) Price Prediction for August 9

XRP price has completed a strong breakout from the descending channel that limited movement over the past two weeks. The advance began near the $2.88 to $2.90 demand zone and extended through the $3.20 resistance before reaching highs of $3.38. A minor intraday pullback followed, but the structure remains decisively bullish.

The 4-hour chart shows price reclaiming the ascending trendline from early July and flipping multiple prior resistance areas into support. The breakout was accompanied by strong volume, suggesting participation from both spot and derivatives traders. Immediate support now sits near $3.20, while the next barrier is located between $3.38 and $3.40.

Bollinger Bands have widened significantly since the move began, reflecting a volatility expansion phase. The EMA20 at $3.09 and EMA50 at $3.05 have crossed above the EMA100 at $2.94, creating a bullish alignment beneath price. This technical stack often appears in the early stages of sustained uptrends.

Why Is The XRP Price Going Up Today?

The primary driver behind XRP price today is the technical breakout above the channel’s upper boundary, which confirmed a reversal in short-term momentum. This breakout encouraged fresh long positions and triggered buy stops above $3.10 and $3.20.

Derivatives data shows a notable increase in bullish sentiment. Trading volume has surged 190 percent to $17.9 billion, while open interest rose more than 21 percent to $8.83 billion. Binance’s top trader long-to-short ratio stands at 2.77, highlighting a clear bias toward long positioning. Options market activity has also accelerated, with options volume rising over 1,280 percent in 24 hours, suggesting traders are positioning for further upside.

On the 30-minute chart, RSI reached 77 during the initial rally and has cooled to around 65, reducing immediate overbought pressure without breaking the bullish structure. MACD remains in positive expansion, while VWAP at $3.32 continues to act as a session pivot, indicating buyers are defending the breakout zone.

Price Indicators Signal Short-Term Momentum

Liquidity data from Smart Money Concepts highlights a break of structure above $3.10 and $3.20, clearing recent swing highs. The next liquidity concentration is in the $3.55 to $3.60 range, which matches the “weak high” level on the daily chart and could be the next major target if momentum persists.

The 4-hour Bollinger Bands remain open and price is holding above the mid-band at $3.05, signaling an intact trend. On the daily timeframe, XRP is also pressing against the upper boundary of a broader symmetrical triangle. A confirmed breakout from this higher timeframe pattern could open the way toward $3.57 and possibly higher.

XRP Price Prediction: Short-Term Outlook for August 9

Over the next 24 hours, XRP price needs to maintain levels above $3.20 to keep the bullish scenario in play. Consolidation between $3.20 and $3.38 would allow indicators to reset while retaining bullish momentum.

A break above $3.38 with strong volume could lead to a move toward $3.55 to $3.57, followed by $3.72 if buying pressure continues. On the downside, a drop below $3.20 could invite a retest of $3.09 and possibly $3.00 before any renewed advance.

With EMA alignment, bullish order flow, and strong derivatives positioning, the outlook leans toward continuation, though a brief consolidation phase would be healthy before testing the next resistance.

XRP Price Forecast Table: August 9, 2025