XRP Price Prediction for August 31

Neither bulls nor bears are dominating on the last day of the week, according to CoinMarketCap.

XRP/USD

The rate of XRP has risen by 0.48% over the last day.

On the hourly chart, the price of XRP is breaking the local support of $2.8180. If a breakout happens and the daily bar closes below that mark, the correction is likely to continue to the $2.80 range by tomorrow.

On the bigger time frame, the rate of XRP is bearish as it is approaching the support of $2.7387.

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If a breakout happens, the accumulated energy might be enough for a test of the $2.60-$2.70 zone soon.

A similar picture is on the weekly chart. At the moment, traders should pay attention to the bar closure in terms of the $2.7387 level. If bulls cannot seize the initiative, there is a chance of a more profound correction to the $2.50 mark.

XRP is trading at $2.8191 at press time.