bullish

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The rates of most cryptocurrencies keep falling, according to <a href="https://u.today/ethereum-eth-prediction-for-august-30" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="c721ee0a-0150-4ca8-80d5-6c77648a245a" src="https://u.today/sites/default/files/inline-images/top10_1331.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
XRP is an exception, rising by 0.76%. <img data-entity-type="file" data-entity-uuid="7df8e6af-35e9-4e51-9b9c-d96f8cfd2b3f" src="https://u.today/sites/default/files/inline-images/xrp1_185.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's slight rise, the price of XRP is on the way to test the local support of $0.5646. If a breakout happens, the decline may continue to the $0.56 zone shortly. <img data-entity-type="file" data-entity-uuid="3fbec228-5b2d-4e6f-a7b5-254cf9f1f56c" src="https://u.today/sites/default/files/inline-images/xrp2_182.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, buyers have failed to keep up with yesterday’s growth. If the daily bar closes far from its peak, bears may again seize the initiative, which might lead to a correction to the $0.55 range.
Such a scenario is relevant until the end of next week. <img data-entity-type="file" data-entity-uuid="d39a581b-c8f4-4046-b79d-6995a34cb6be" src="https://u.today/sites/default/files/inline-images/xrp3_177.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSDT" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, one should focus on the weekly candle closure. If it happens below $0.56, there are high chances of an ongoing decline to the $0.52-$0.54 area.
XRP is trading at $0.5667 at press time.

XRP Prediction for August 31

Table of Contents

U_Today

Other articles published on Aug 31, 2024

New GambleFi Altcoin To Surpass Ethereum (ETH) and Binance Coin (BNB) By 2025 According To Chat G...

Bankrupt Bitcoin Miner Rhodium Receives $30 Million Loan Funding Approval

Artificial Superintelligence Alliance Price: FET Soars 10% As DAWGZ Offers Last Chance To Buy Bef...

Weekly Article Recap: 8/19-8/24

WhoMadeWho, Da Capo to Headline AFTER 2049, Singapore’s Biggest Pre-Formula 1 Party

Soneium and Transak Announce Partnership to Boost Crypto Adoption

Join our free newsletter for daily crypto updates!