- XRP is trading at $2.97, down 1.2% in 24 hours but up 4% weekly.
- Resistance sits at $3.37, with a breakout potentially opening the path to price discovery.
- Support levels to watch: $2.73, $2.37, and the macro bullish foundation at $1.90.
- Analysts expect heightened volatility in September, suggesting a possible final shakeout before an uptrend resumes.
- Targets above $3 include $3.10, $3.20, and $3.60 if momentum strengthens.
XRP Price Stays Below $3 Amid Market Volatility
XRP has slipped back under the $3 threshold, trading at $2.97 at press time, a 1.2% decline over the past day. Despite the dip, the token is still up more than 4% in the last week, signaling steady demand during consolidation.
Also Read: XRP Price Prediction: Liquidity Flashpoint Could Push XRP to $4.50
According to cryptocurrency analyst CoinsKid, XRP is currently struggling against long-term resistance at $3.37, which marks the upper boundary of its trading range. A clean breakout above this level could push Ripple into price discovery, opening the door for sustained gains.
Until then, XRP remains range-bound, with traders watching for either a support retest or a decisive bullish move.
Support Levels to Watch in Case of a Shakeout
On the downside, immediate support sits at $2.73, followed by a deeper pullback zone at $2.37. Analysts highlight the $2.37 mark as a “final shakeout” level, where strong hands may accumulate before the next leg higher.
If XRP fails to hold at $2.37, the macro bullish foundation at $1.90 could come into play. Historically, this level has provided strong backing for XRP’s broader uptrend, making it critical for long-term holders.
Analyst Outlook: Breakout or More Consolidation?
Adding to the analysis, Ali Martinez recently noted that Ripple is testing a descending triangle resistance. If the token clears resistance, XRP could rally toward $3.60, aligning with the 0.618 Fibonacci retracement level.
In the near term, XRP must first overcome the $3.10–$3.20 range to build enough momentum. Failure to do so could result in prolonged consolidation, with $2.70 acting as key support.
With September historically a month of crypto market turbulence, traders should brace for both outcomes: a bullish breakout or a final shakeout before the broader uptrend resumes.