Ripple’s XRP price has remained relatively stagnant today, hovering just above the $3.00 mark after experiencing a brief dip to around $2.90 earlier this week. While buyers are actively entering at lower levels, sellers continue to resist prices above $3.20, creating a stalemate that suggests a shift in momentum is imminent. 📊 Kaspa Daily Overview (August 24) | The XRP chart reveals a clear picture. After a strong surge from mid-July, where it climbed from around $2.50 to over $3.60, XRP has been retracing, forming lower highs and lows before settling into a sideways range. The current price action is defined by a bottom at $2.80 and a top at $3.20, with buyers actively defending the $2.90 – $3.00 zone. Meanwhile, when XRP approaches the $3.15 – $3.20 level, it faces immediate resistance from sellers, indicating the bulls are trying to hold their ground. Looking at some of the technical indicators: Volume has decreased significantly, hovering around 22.7M, far less than what was seen during July’s breakout. This suggests a majority of traders are waiting for further developments before making significant moves. Open Interest remains steady at $348M, indicating strong positions are in play. Net Longs have dropped to -502M, implying that bulls are cautious. Net Shorts are heavy, nearing 530M, meaning bears are actively pushing back. This leaves them open for a potential squeeze if XRP finally breaks through resistance. All of this suggests that the chart is poised for significant movement. XRP Price Scenarios for August 24 | If things go in a bullish direction 🚀. If XRP can break above $3.20 with significant volume, it’s likely to push towards $3.50 – $3.60. If this happens, we could see a retest of the $3.66 mark, which was the peak from July. A surge past that could mean targets of $4.00. ⚖️ The more realistic scenario is a continuation of sideways action. If XRP remains between $2.80 and $3.20, we’ll continue to see trading range-bound activity as traders play the market with patience. 📉 The bearish outlook is if support at $2.80 breaks. In this scenario, XRP could slide down to $2.60 – $2.50, returning to the launch zone of July’s rally. A break below that could open doors for more significant losses. 📈 Final Thoughts: Ripple’s XRP feels like a pressure cooker on the verge of eruption. The $2.80 – $3.20 range has held strong but can’t sustain indefinitely, and once one side gives way, we’ll likely witness a sharp price reaction. If bulls gain control and break past $3.20, we could see XRP prices at the $3.50 – $3.66 mark before the day is over. But if bears drag it down below $2.80, the mid-$2.50s are likely to be the target. For now, it’s a waiting game: quietly consolidating but brimming with potential for a decisive move.