XRP/USD quotes are trading at 3.0802 and continue to move within the framework of the decline and bearish channel. Moving averages indicate a short-term downward trend for XRP. Prices have broken through the area between the signal lines downwards, indicating pressure from asset sellers and a potential continuation of the decline in the XRP exchange rate on the market from current levels. As part of the forecast for XRP today, we should expect an attempt at a bullish correction of the asset and a test of the resistance level near the 3.1265 area. Further, a rebound downwards and a continuation of the cryptocurrency’s decline to the area below the 2.5405 level.
XRP cryptocurrency forecast for August 1, 2025
An additional signal in favor of a decline in XRP/USD quotes will be a test of the resistance line on the relative strength indicator. A second additional signal in favor of a decline in the XRP rate will be a rebound from the upper border of the bearish channel. A strong growth and closing of quotes above the 3.3505 level will cancel the cryptocurrency’s decline. This will indicate a breakout of the resistance area and a continuation of the growth of XRP/USD quotes to an area above the 3.7505 level. A breakout of the support area and a close below the 2.9065 level would confirm the decline in the digital currency.
XRP cryptocurrency forecast for August 1, 2025 suggests an attempt to test the resistance level near the 3.1265 area. From there, we can expect the cryptocurrency to continue falling with a potential target of 2.5405. An additional signal in favor of a decline in XRP quotes will be a test of the resistance line on the relative strength indicator. A strong growth and a breakout of the 3.3505 area will cancel the decline scenario. In this case, we can expect the digital currency to continue rising with a target above 3.7505.
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