Analyzing XRP’s price action reveals mixed signals. While short-term gains have emerged, the weekly chart suggests a bearish trend in coming months. A confirmed bearish divergence on the weekly timeframe indicates weakening momentum, potentially signaling a pullback ahead. Analysts anticipate further bearish price action from late August through September and October, similar to other cryptocurrencies exhibiting this pattern. On the contrary, the daily chart showcases a strong rally over the past week, but this appears temporary within a larger bearish structure. This echoes patterns observed earlier this year in January and February when XRP experienced a sharp rise before a subsequent dip. 🧐 Support Levels To Watch: XRP is currently testing important support between $3.10 to $3.15. If this level fails, the next potential support lies near $2.90 to $3.00. Failure to stay above $2.90 could signal a deeper drop towards $2.75, with the $2.55 to $2.62 zone serving as critical long-term support. 📈 Resistance Remains Strong: XRP faces significant resistance around $3.35 to $3.40, repeatedly pushing prices back, making it a key barrier for any bullish breakout attempt. Outlook: Despite potential short-term rallies, the bigger picture for XRP remains uncertain. A decisive break above key resistance could change the outlook, but without one, downside risks remain high. For now, holding the $3.10 support level could signal XRP’s next major direction.