XRP Price Prediction for August 11

Most of the coins have started a new week with ongoing growth, according to CoinMarketCap.

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Top coins by CoinMarketCap

XRP/USD

The rate of XRP has risen by 1.05% over the last day.

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Image by TradingView

On the hourly chart, the price of XRP is coming back to the local support level of $3.1720. 

If the daily candle closes near that mark or below it, the decline is likely to continue to the $3.10-$3.15 area.

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Image by TradingView

On the longer time frame, the rate of XRP has once again bounced off the resistance of $3.333. If the bar closes with a long wick, the decline may continue to the $3.10 range shortly.

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Image by TradingView

A similar picture can be seen on the weekly chart. However, it is just the beginning of the week, which means it is too early to make any long-term predictions. All in all, if buyers want to seize the initiative in the midterm, they need to fix above the $3.40 zone.

XRP is trading at $3.2257 at press time.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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