🔴Within the 24 hours ending August 6, XRP dropped by 4.2%, falling to $2.93. The heaviest selling occurred between 2:00 PM and 3:00 PM, establishing key levels: resistance at $3.04 and support at $2.93. Early morning bullish attempts were overtaken by seller pressure, confirmed by a sharp spike in volume.
🔴The technical outlook points to a continuing correction: the price broke below moving averages and failed to stay above the $3.00 mark. If the current trend continues, a test of the $2.87 and $2.80 levels is likely. Traders should proceed with caution — the market has entered a redistribution phase.
