Here is the latest analysis of the XRP currency movement from today (August 12, 2025) until tomorrow (August 13, 2025):
Today (August 12, 2025) $XRP :-
• Current conditions: The currency has stabilized at around $3.16 #BinanceAlphaAlert $XRP
• Price-driving factors:
• The fading regulatory concerns due to the SEC's withdrawal from appealing the Ripple case have led the market to experience a strong rise, with the currency jumping by up to 11% within 24 hours from approximately $2.90 to $3.27 before stabilizing around $3.22.
• Trading expectations are confined within a narrow range of $3.21 to $3.24, unless strong upward momentum emerges.
Technical analysis and potential ranges:-
• The technical pattern tends to warn of a potential reversal or partial correction, especially with a bearish divergence in the Relative Strength Index (RSI) on the weekly charts.
• According to Coin Edition:
• Key support at $3.0933.
• First resistance at $3.3075 (61.8% Fibonacci level), followed by higher resistance at $3.4650.
Additional notes:
• Market analysis indicates a lack of strong direction—either bullish or bearish—in the short term.
• If the resistance at $3.3075 is broken with strong trading volume, we may see an extension towards $3.46.
• If the price drops below the support at $3.0933, it may correct towards lower areas, potentially reaching $2.90 or less.
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