XRP's Price Remains Capped Below Key Resistance Levels
XRP has managed to hold above the key support level of $1.05 on August 3, but its price remains confined below the 100-day SMA at $1.10 and the former rising trendline that was lost in late July.
The first resistance sits at the declining 100-day SMA near $1.10, with a broken rising trendline crossing slightly higher around $1.11 creating a compact resistance area rather than two isolated levels.
A daily close above this zone would bring the horizontal barrier near $1.15 back into view, but XRP's price momentum remains weak, as indicated by its daily RSI standing near 47, close to its signal line and below the neutral 50 level.
Large transfers dominated exchange outflow activity on both Binance and Coinbase, with high-value transfers accounting for most of the daily XRP outflow value. However, the data does not show where the XRP went, and only large-holder withdrawals could reduce immediately available supply and potentially ease short-term selling pressure.