XRP price is currently hovering around $3.01, displaying a period of stability following recent volatility this month. The market appears stagnant with buyers struggling to push prices higher while sellers are fiercely defending resistance levels. Trading volume has decreased compared to the surge witnessed at $3.66, suggesting traders are awaiting a catalyst before entering back into the market. Yesterday’s Prediction Yesterday’s prediction highlighted that $2.80 was a key support level to watch. The initial strategy was simple: if the price stays above this level, there is stability; but if it falls below, XRP risks reaching prices as low as $2.60-$2.50. Fortunately, the bulls managed to hold above the $2.84 mark and bounce between $2.85 and $3.10. However, a breakout has yet to occur. We also predicted that only a push past $3.18-$3.25 with significant volume would lead to further upward movement towards $3.50-$3.60. This hasn’t happened yet either. XRP Daily Overview (August 28) Current Price: $3.01
24h Change: -0.08%
Volume: 579.7M (significantly lower compared to July’s surge)
Open Interest/Market Cap Ratio: 0.0321 (Low leverage, anticipating fresh inflow) Chart Insights The XRP chart shows a clear sideways movement after experiencing significant volatility earlier this month. The token has pulled back and settled into a tight range between $2.80 and $3.20. While buyers are holding the $2.90-$3.00 zone, every time price approaches $3.15-$3.20, it gets pushed down. Sellers are aggressively defending this level. XRP Price Scenarios **Bullish Scenario 🚀** A breakout above $3.20 with strong buying could trigger further gains towards $3.50–$3.60. If successful, XRP might re-test $3.66 and potentially even $4.00. **Neutral Scenario ⚖️** The more realistic outlook is for continued sideways action as long as the price stays between $2.80 and $3.20. Expect more choppy trading during this period of anticipation for movement. **Bearish Scenario 📉** If $2.80 breaks, XRP might decline toward $2.60-$2.50. If that support level doesn’t hold, we could see a drop back towards $2.00. **Final Thoughts** XRP price is currently stuck in a range, but this phase is not likely to last forever. A breakout above $3.20 is the key for XRP to reach new highs. If sellers pressure it under $2.80, the mid-$2.50s might soon become reality. Subscribe For daily crypto updates and market insights, subscribe to our YouTube channel. **The post XRP Price Prediction For Today, August 28 appeared first on CaptainAltcoin.**