XRP (XRP) Price Prediction for July 8
The XRP price today is consolidating just above $2.26 after rejecting near the $2.40 liquidity zone. Price action remains confined within a large symmetrical triangle structure on the daily chart, with both trendlines nearing convergence. As volatility tightens, derivatives volume has surged 165%, and funding has flipped positive, suggesting anticipation of a decisive breakout move.
What’s Happening With XRP’s Price?
XRP has been forming a symmetrical triangle since its peak at $3.32 in March. The upper descending trendline continues to suppress price action beneath the $2.40–$2.50 resistance region. Meanwhile, the lower trendline rising from January lows is offering strong dynamic support above $2.05.
The current consolidation is occurring just under a high-volume node visible on the volume profile chart, with price repeatedly tapping into the $2.18–$2.26 range, where previous CHoCH (Change of Character) signals have printed. A daily close above $2.40 could break this prolonged compression, possibly targeting $2.75–$3.00. Conversely, failure to hold above $2.18 could revisit the $2.05–$1.95 support base.
…The post XRP (XRP) Price Prediction for July 8 appeared first on Coin Edition.
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XRP (XRP) Price Prediction for July 8
The XRP price today is consolidating just above $2.26 after rejecting near the $2.40 liquidity zone. Price action remains confined within a large symmetrical triangle structure on the daily chart, with both trendlines nearing convergence. As volatility tightens, derivatives volume has surged 165%, and funding has flipped positive, suggesting anticipation of a decisive breakout move.
What’s Happening With XRP’s Price?
XRP has been forming a symmetrical triangle since its peak at $3.32 in March. The upper descending trendline continues to suppress price action beneath the $2.40–$2.50 resistance region. Meanwhile, the lower trendline rising from January lows is offering strong dynamic support above $2.05.
The current consolidation is occurring just under a high-volume node visible on the volume profile chart, with price repeatedly tapping into the $2.18–$2.26 range, where previous CHoCH (Change of Character) signals have printed. A daily close above $2.40 could break this prolonged compression, possibly targeting $2.75–$3.00. Conversely, failure to hold above $2.18 could revisit the $2.05–$1.95 support base.
…The post XRP (XRP) Price Prediction for July 8 appeared first on Coin Edition.
Read More
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