The XRP price is trading around $3.20 after a volatile week that saw price briefly push above $3.30 before sellers stepped in. The market remains range-bound, but open interest, volume, and short positioning are creating the potential for sharper moves in the coming sessions.
Ripple and the SEC have both dropped their appeals, effectively putting an end to their long-running legal battle. With the court fight finally behind it, the focus has shifted back to market performance — and XRP traders are watching key levels closely.
What you'll learn 👉
📅 What We Got Right Yesterday
In yesterday’s analysis, we said a clean breakout above $3.43 could open the way to $3.55 and $3.70, while failure to break would keep XRP stuck between $3.00 and $3.40. That’s exactly what happened — price failed to clear $3.43 and has drifted back toward the $3.17–$3.20 area, keeping the range intact.
📊 XRP Chart Analysis
The 4H chart from CoinAnk shows XRP is holding above the early August low near $2.72 but has yet to reclaim its late July highs. Volume is stable at 102M, showing steady participation but no major spike to signal aggressive buying.
Open interest is sitting at $336M, suggesting traders are still heavily positioned.
Net shorts have grown to $1.01B, while net longs remain deep in the negative at -834M, showing more traders are betting on downside than upside.
If buyers can force shorts to cover, a quick move higher is possible. But as long as shorts control the flow, XRP risks retesting lower levels.
📌 Technical Indicators (4H)
| Indicator | Value | Signal |
|---|---|---|
| Volume | 102.39M | Neutral |
| Open Interest | $336.21M | Elevated |
| Net Long | -834.27M | Bearish |
| Net Short | 1.01B | Bearish Bias |
🔮 XRP Price Predictions for Today
Bullish Case:
A push above $3.25–$3.30 with strong volume could lead to a retest of $3.40. Breaking that level would bring $3.55 into focus, with $3.70 possible if momentum accelerates.
Bearish Case:
If price breaks below $3.10, sellers could target $3.00 quickly. A clean move under $3.00 would expose the $2.85–$2.80 support zone.
Failure to hold $3.40 could send XRP back to $3.25. A breakdown below that would shift momentum to the bears and open the way to $3.00.
Reed also: Why Ripple (XRP) Could Become Most Important Asset of the Decade
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