{"content":"Current Situation: $XRP at a Glance🚀 Price action & trends: $XRP is trading just under $3—recent figures show prices around $2.90–$2.97, with intraday volatility between $2.83 and $2.98. . 📊Market dynamics: It's under pressure from broader crypto sell-offs influenced by weaker macroeconomic signals and reduced expectations of near-term Fed rate cuts. . Whale activity: Significant sell-offs—such as offloading of around 460 million XRP—have intensified the downward momentum and triggered long liquidations. . Technical outlook:🛠️ A bearish descending triangle suggests potential for an ~18% drop toward $2.40 if key support fails. . However, there are early bullish hints: A bounce off the $2.96 Fibonacci support level. RSI showing bullish divergence, which could signal a recovery toward higher targets. . Key resistance zones are around $2.94–$3.08, with bearish trendlines still in play. . Expectations & forecasts: Some models anticipate a short-term dip of ~2%, pushing XRP possibly lower by August 21. . Broader bullish scenarios exist: analysts foresee projections from $4 to $12.50 by 2028—though such forecasts depend heavily on regulatory clarity and adoption trends. . The Road Ahead: What’s Next for XRP? Bearish Scenario: If macroeconomic hurdles continue and whale selling intensifies, XRP may break below support toward $2.85, with possible extended declines toward $2.40. . Bullish Scenario: Should XRP hold above $2.96 and climb past resistance around $3, we might see momentum toward $3.50–$4.80. Technical indicators, including RSI divergence and the Fibonacci bounce, support this outlook. . Catalysts to watch: Fed statements (e.g., from Jerome Powell) could shift market sentiment quickly. . Progress on regulatory fronts—especially around XRP ETFs or legal closure—could drive renewed investor interest. A strong setup tied to ETF hopes and legal clarity has previously given the token bullish momentum. .","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/20/475cb950e51a42b58140b5e1be8f43aa.jpg"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}