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XRP Price Prediction for Aug 02: Can $2.90 Hold as Support?

Jonathan Carls by Jonathan Carls
August 1, 2025
in Market, News, Price Analysis
Reading Time: 4 mins read
XRP price prediction for Aug 02 Can $2.90 Hold as Support
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  • XRP drops 6.25% as high volume fails to counter strong selling momentum
  • Key support at $2.90 under pressure as technical indicators flash bearish signs
  • $28.3M in XRP liquidations reveal dominant losses from overleveraged long traders

Ripple’s native token, XRP, faced strong selling pressure over the past 24 hours, marking a sharp 6.25% decline. As of today, August 1, the token’s price has dipped from a high of $3.1583 to $2.95. 

The downward move places XRP near a key support zone, and traders are watching closely for signs of either stabilization or deeper losses. Despite a notable rise in trading volume, buyers struggled to hold critical levels, hinting at stronger bearish sentiment across the market.

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Rising Volume, Falling Price: A Contradiction in Sentiment

Interestingly, XRP saw a 14.01% increase in 24-hour trading volume, totaling $7.53 billion. Typically, rising volume supports price movement. However, in this case, the higher volume accompanied a steep decline, suggesting sell orders dominated the market. This divergence is a strong indicator that sellers are currently in control.

XRP price prediction for Aug 02 Can $2.90 Hold as Support
Source: CoinMarketCap

Market capitalization also reflected the bearish move, falling 6.14% to $175.09 billion. Although the circulating supply remains unchanged at 59.38 billion XRP, the fully diluted valuation (FDV) sits at $295.22 billion. This suggests that if all tokens were in circulation, XRP could face additional downward pressure.

Key Technical Levels and Indicators

XRP’s price action shows clear signs of a short-term bearish trend. The descending price line points to steady selling. Resistance sits at $3.1583, where the token met strong selling pressure. Another resistance zone lies around $3.10 to $3.12, a level of brief consolidation before the continued decline.

On the downside, the $2.90 mark is acting as crucial support. The price has tested this level twice, bouncing back both times. Should XRP break below $2.90, a move toward $2.85 or lower is likely.

XRP price prediction for Aug 02 Can $2.90 Hold as Support
XRP/USD daily price chart, Source: TradingView

Momentum indicators confirm the bearish outlook. The MACD histogram has turned negative (-0.07065), indicating weakening upward momentum. Additionally, the MACD line has dropped below the signal line, reinforcing the bearish sentiment. Meanwhile, the RSI currently sits at 48.33, signaling a neutral stance but showing a decline from recent highs.

Liquidation Data Highlights Weak Market Confidence

XRP price prediction for Aug 02 Can $2.90 Hold as Support
Source: Coinanalyze

In the derivatives market, XRP recorded $28.3 million in liquidations over the past day. A $27 million came from long positions, reflecting misplaced bullish bets. Short positions made up only $1.4 million of the total.

Bybit led the exchanges in liquidation volume, followed by Binance and OKX. Other exchanges like BitMEX, Huobi, and Bitfinex showed minor liquidation activity.

Disclaimer : The content shared by The Daily Crypto Post is intended for informational and educational purposes only and does not constitute financial or investment advice. Readers are encouraged to do their own research or consult with a licensed professional before making any financial decisions. The Daily Crypto Post will not be accountable for any financial losses.

Tags: Price AnalysisPrice predictionRipple (XRP)

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