As of August 12th, XRP continues to trade in a sideways pattern after experiencing significant price gains earlier this month. The price range currently hovers between $2.90 and $3.30. While sellers are actively fighting against the potential for further rise, buyers are stepping in around $3.05-$3.10 to prevent a deeper decline. 🧐 Let’s break down key observations about the current XRP market action: 📅 Yesterday’s Prediction Recap: Yesterday’s prediction mentioned how a strong rally above $3.25-3.30 could lead to a price surge towards $3.40. We also highlighted that if prices couldn’t clear this zone, we expect continued sideways movement between $2.90 and $3.30. This played out as expected, with XRP attempting to break above $3.33 but failing and sliding back to the $3.12 area. The support around $3.05-$3.10 remains intact, preventing a deeper drop toward $2.90 yet. We also mentioned that losing $3.10 might push prices towards $3.00. This was almost reached before buyers intervened and prevented it from reaching this level. 📊 Daily Overview: As of August 12th, the XRP price is trading in a tight range between $2.90-$3.30. Volume has stabilized since the July breakout and open interest is decreasing, pointing to more spot-driven trading than leveraged trading. 🔍 Chart Analysis: On the daily chart, XRP is trapped in a flag pattern between $2.90 and $3.30. Sellers are actively pushing back rallies near $3.33 while buyers defend the $3.05-$3.10 zone. 📈 Technical Indicators: Looking at technical indicators, the MACD shows light momentum, ADX indicates a moderate trend with no clear bias yet, and the CCI suggests upward pressure without crossing over to overbought territory, while RSI offers balanced momentum, ROC exhibits mild upward movement, and the Bull/Bear Power indicator displays a slight bullish edge. 🔮 Price Scenarios: If XRP price breaks above $3.30-$3.33, it could potentially reach $3.50 and $3.66, with $3.90-$4.00 possible with strong volume. However, if prices remain stagnant between $2.90 and $3.30, a neutral trend is expected. The bearish scenario involves a daily close under $3.10 that could push prices towards $3.00 and potentially even lower to $2.85-$2.80 if the downtrend continues. 📈 Bottom Line: Overall, XRP seems to be in a waiting mode. Bulls need to overcome the resistance of $3.30-$3.33 to begin a strong upward movement, while bears are closely monitoring the support level of $3.10. The market will likely remain sideways until one side gains an advantage.