News View Non-AMP

XRP Price Prediction For August 16

Published by
Anjali Belgaumkar

XRP is showing mixed performance today, slipping 1% to around $3.05. The decline has wiped out the gains made in the last few days.

Analysts have been warning about a significant bearish divergence for nearly two weeks. This technical pattern occurs when prices form higher highs but the Relative Strength Index (RSI) forms lower highs. It often means weakening momentum before a price correction.

The last time such a pattern appeared on XRP’s chart was in late 2020 to early 2021. Following that divergence, XRP suffered a steep drop, falling between 62% and 74% over the next few months. The analyst now fears a similar scenario could play out again.

Expectations for the Coming Weeks

If this bearish setup continues, XRP may enter a period of sideways movement or gradual decline over the next few months. While short-term rallies are still possible, the overall trend is showing signs of exhaustion.

In terms of support, the first important area to watch lies between $2.90 and $3.00, with $2.90 acting as a crucial floor. A breakdown below this zone could open the door for a retest of $2.75. If selling pressure continues, the next major support sits between $2.55 and $2.62.

Larger Price Structure Remains Weak

The broader price structure also raises concerns. Earlier this year, XRP saw a sharp rally followed by sideways consolidation and then a breakdown below support. It was also observed that today’s pattern looks strikingly similar and history could repeat.

Overall, while XRP remains volatile and capable of short bursts upward, the current technical picture points toward caution. Unless buyers step in to reclaim the trend, the market may see more pressure before any sustainable recovery.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Dogecoin Price at Risk: 20% Drop Looms if Bulls Fail to Reignite Momentum

Dogecoin (DOGE) has recently pushed past the $0.24 mark, signaling renewed strength in its price…

September 28, 2025

Ethereum’s Road to $6000: Why Testing $3,700 in Q4 2025 Could Define the ETH Price Rally

Ethereum (ETH) is about to enter Q4 2025 at a pivotal moment, with traders closely…

September 27, 2025

Quantum Computing vs. Crypto: Are Exchanges Ready for the Next Big Threat?

Crypto markets are under pressure: Bitcoin dipped below $111,000 following macroeconomic shocks, and liquidity stress…

September 27, 2025

Russian Firms Move Billions Using Crypto to Bypass Sanctions: Report

A recent report from blockchain firm Elliptic reveals how Russian state-linked networks have been using…

September 27, 2025

SOL Price Dips but ETF Momentum and Institutional Demand Accelerate

SOL price may have slipped this week, but the broader narrative continues to strengthen. With…

September 27, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

September 27, 2025