After briefly reclaiming the $3.00 handle, the XRP price today has retraced below $2.96, as sellers stepped in near major EMA clusters and the midline of the descending trend channel. Price action remains under pressure following a confirmed Change of Character (CHoCH) on the daily chart, while the trend bias has tilted slightly bearish for the short term. XRP Price Forecast Table: August 7, 2025 Indicator/Zone Level / Signal XRP price today $2.95 Resistance 1 $3.09 (trendline + weak high) Resistance 2 $3.40 (Fibonacci + pitchfork) Support 1 $2.91 (channel midline + VWAP) Support 2 $2.78 (Fibonacci + structure low) Trend Channel (4H) Bearish slope since late July EMA Cluster (20/50/100/200, 4H) Above price, acting as resistance Supertrend (1D) Bearish below $3.45 Parabolic SAR (4H) Flipped Bearish VWAP (30-min) $2.93–$2.95 (price under VWAP) RSI (30-min) 52.27 (neutral) Spot Netflow (Aug 6) +$2.49M (mild positive bias) Futures Open Interest $7.08B (down 4.8%) What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP price action is currently trapped inside a descending parallel channel that started forming in late July. The recent attem… The post XRP (XRP) Price Prediction for August 7 appeared first on Coin Edition .
