bullish

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The last day of the week started bullish for most coins, however, bears seized the initiative later, according to <a href="https://u.today/shib-prediction-for-august-11" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="ca03f590-8c1d-4730-9108-a5eff368553c" src="https://u.today/sites/default/files/inline-images/top10_1291.png">XRP chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The rate of XRP has gone down by 3.71% since yesterday. Over the last week, the price has risen by 5.62%. <img data-entity-type="file" data-entity-uuid="3f441087-5bfb-48c4-a746-68bb6a680f05" src="https://u.today/sites/default/files/inline-images/xpr1_0.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of XRP is setting new local lows. If the bar closes below the support of $0.5760, the correction is likely to continue to the $0.56 range soon. <img data-entity-type="file" data-entity-uuid="36238567-39f8-4584-b3fb-fce088778726" src="https://u.today/sites/default/files/inline-images/xrp2_174.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Sellers are also powerful on the daily time frame. One should pay attention to the interim level of $0.5656. If a breakout happens, the accumulated energy might be enough for a continued downward move to the $0.55 area. <img data-entity-type="file" data-entity-uuid="565a2c53-37cd-4f14-b1b3-3ed92f743a9f" src="https://u.today/sites/default/files/inline-images/xrp3_169.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly time frame, the rate of XRP is far from the support and resistance levels.
As neither side is dominating, ongoing sideways trading in the wide range of $0.56-$0.66 is the more likely scenario until the end of the month.
XRP is trading at $0.5756 at press time.

XRP Prediction for August 11

Table of Contents

U_Today

Other articles published on Aug 11, 2024

SHIB Prediction for August 11

Pepe Coin Shows Bullish Signs as New High-Staking Crypto Presale Project Hits $8 Million Amid Mar...

T͏op Mem͏e Coi͏͏ns To͏ Buy ͏Rig͏ht ͏Now,͏ Satur͏͏day, Au͏gust 1͏0 ͏- Pepe Un͏cha͏ined͏,͏ T͏ur͏͏͏bo,͏ ͏T͏os͏hi, Pikaboss

Binance is Cracking Down on Crypto Thieves, $73 Million Recovered!

Ethereum Price Analysis: Is the Worst Over for ETH Following the 37% Crash?

6 New Memecoins Expected to Explode Soon: Price Prediction

Join our free newsletter for daily crypto updates!