XRP/USD quotes are trading at 2.9799 and continue to move within the correction and bearish channel. Moving averages indicate a short-term bullish trend for XRP. Prices are again testing the area between the signal lines downwards, which indicates pressure from buyers of the asset and a potential continuation of the growth of the XRP rate on the market from current levels. As part of the forecast for XRP today, we should expect an attempt to develop a bullish correction of the asset and a test of the resistance level near the 3.1405 area. Further, a rebound downwards and a continuation of the cryptocurrency’s decline to the area below the 2.2205 level.
XRP cryptocurrency forecast for August 6, 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 3.2765 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 the area above the 3.6525 level. Confirmation of the digital currency’s decline will be a breakout of the support area and a close below the 2.4505 level, which will indicate a breakout of the lower boundary of the bullish channel.
XRP cryptocurrency forecast for August 6, 2025 suggests an attempt to test the resistance level near the 3.1405 area. From there, we can expect the cryptocurrency to continue falling with a potential target at 2.2205. 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 3.2765 area will cancel the decline scenario. In this case, we can expect the digital currency to continue rising with a target above 3.6525.
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