🚨 My dear friends: Is $XRP finally ready to break its August losing streak? After four years in the red, traders can’t stop talking about whether this time will be different. Open interest has dropped, which usually means all that extra leverage has faded and the selling pressure might be cooling off. Bulls are eyeing that $1.10 to $1.15 range if XRP can find its momentum again, that’s the target.
But let’s not forget, the bears are still in the game. Analysts like Zach Rector keep reminding everyone that August has been rough for XRP in the past. If support around $1.00 to $1.02 slips, a dip under a dollar isn’t out of the question.
With #xrp role in cross-border payments getting bigger—plus everything happening with Ripple right now August feels like a big test. So, what’s it going to be? Is this the month XRP turns the tide, or are we looking at the fifth red August in a row? #XRPLedgerProposesLettingBanksCoverUserFees
But let’s not forget, the bears are still in the game. Analysts like Zach Rector keep reminding everyone that August has been rough for XRP in the past. If support around $1.00 to $1.02 slips, a dip under a dollar isn’t out of the question.
With #xrp role in cross-border payments getting bigger—plus everything happening with Ripple right now August feels like a big test. So, what’s it going to be? Is this the month XRP turns the tide, or are we looking at the fifth red August in a row? #XRPLedgerProposesLettingBanksCoverUserFees