XRP is starting August on a shaky note as the price action shows growing signs of weakness on the weekly chart. After holding above the critical $3 level, XRP has now slipped below it, raising concerns of a deeper correction in the coming days or weeks.
Weekly Chart Shows Bearish Signs
On the weekly timeframe, XRP is showing a clear breakdown below the $3 support zone. With just about a day left until the weekly candle closes, the current red candle is looking likely to confirm a bearish divergence. This signal often suggests the beginning of a larger market slowdown or pullback. If this pattern plays out, XRP could face a month or more of downside movement or sideways consolidation.
XRP’s Volatility Could Bring Bigger Drops
Unlike Bitcoin, which…
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