XRP price is sitting right around $3.01, holding steady after some heavy swings earlier this month. The market feels stuck, with buyers defending the lows and sellers putting up a wall at higher levels.
Trading volume has cooled down compared to the big breakout at $3.66, which shows traders are waiting for a real signal before jumping back in.
What you'll learn 👉
What We Got Right Yesterday
In yesterday’s prediction, we pointed out that $2.80 was the key support to watch. The idea was simple: hold above it, and XRP price stays in range; lose it, and the token risks falling toward $2.60-$2.50.
So far, the bulls have done their job. XRP price is still holding above $2.84, bouncing between $2.85 and $3.10. No breakout yet, but the range is intact.
We also said that only a push back above $3.18-$3.25 with strong volume could open the door to $3.50-$3.60. That move hasn’t happened yet either.
📊 XRP Daily Overview (August 28)
- Current Price: $3.01
- 24h Change: -0.08%
- Volume: 579.7M (still much lighter than during July’s surge)
- OI/Market Cap Ratio: 0.0321 (low leverage, waiting for fresh inflows)
What the XRP Chart Is Saying
The XRP chart shows price is stuck in a sideways zone. After running from $1.61 up to $3.66, the token has pulled back and settled into a tight range.
Right now, that range is clear: $2.80 on the bottom, $3.20 on the top. Buyers are holding the $2.90-$3.00 zone, but every time price gets close to $3.15-$3.20, it gets knocked back down. Sellers are protecting that level hard.
Volume has cooled off, which means traders are hesitant. Open interest is steady, showing plenty of positions are still active. Shorts are slightly heavier than longs, which explains why XRP struggles to push higher, but it also leaves room for a squeeze if the price breaks out.
Read Also: XRP Rich List Might Surprise You – How Much Do You Need to Be in the Top Holders?
XRP Price Scenarios for August 28
Bullish Scenario 🚀
If XRP finally breaks above $3.20 with strong buying, the next stops are $3.50–$3.60. Clear that, and we’re back to testing $3.66 and maybe even $4.00.
Neutral Scenario⚖️
The more likely play in the short-term is more sideways action. As long as the XRP price stays between $2.80 and $3.20, expect more chop while traders wait.
Bearish Scenario📉
If $2.80 gives way, the picture flips bearish. That could drag XRP back to $2.60-$2.50, and if that floor doesn’t hold, we could be looking at a drop back toward $2.00.
Final Take
XRP price is stuck in a holding pattern. The $2.80-$3.20 range has been firm, but it won’t last forever.
If buyers break through $3.20, XRP could be testing $3.50–$3.66 before long. If sellers drag it under $2.80, the mid-$2.50s will come into play fast. For now, it’s quiet on the surface, but pressure is building.
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