XRP price is trading around $2.96 right now, holding steady after a week full of ups and downs.
The price has been bouncing between the $2.80 support area and the $3.10 resistance zone, and traders are waiting to see which side gives way first.
What you'll learn 👉
What We Got Right Yesterday
In yesterday’s prediction, we talked about how important the $2.80-$2.85 support zone is. So far, that’s been spot on.
Buyers stepped in around that level and managed to keep XRP price from breaking lower. At the same time, XRP hasn’t been able to get past the $3.00–$3.10 range, which has turned into a ceiling for now.
We also mentioned that volume has been light compared to July’s rally. That hasn’t changed either. The market feels like it’s waiting for a bigger signal before making its next move.
Until we see XRP clear $3.18-$3.25 with stronger trading activity, it’s tough to call for a push toward $3.35 or even $3.60.
What the XRP Chart Is Showing
Looking at the daily chart, the big move up to $3.66 in mid-August still stands out as the recent high. Since then, the price has cooled off and moved sideways with a slight bearish lean. Right now, $2.80 is acting as the floor, while $3.00-$3.10 is the barrier keeping bulls in check.
If XRP price manages to break above $3.10, we could see a run back toward $3.30 and possibly another test of the $3.60 area.
On the other hand, if $2.80 gives way, the next real safety net is closer to $2.50. That’s where the chart shows stronger historical support.
Market Indicators
Trading volume is sitting near 510 million USDT, a big drop from the levels seen during the July rally. That tells us traders aren’t rushing in right now.
Open interest is steady, which means positions are being held but not heavily added to. Net longs are around 6.2 billion, while net shorts are slightly higher at 6.37 billion, giving bears a small edge.
The open interest to market cap ratio is low at 0.032, which shows leverage in the market is under control for now.
Read Also: Ripple’s ISO 20022 Advantage: Analyst Explains the Long Game for XRP Supporters
XRP Price Short-Term Outlook for Today, September 9
For today, the big levels to watch are $3.00 on the upside and $2.80 on the downside. A clean break above $3.10 could open the door for a move to $3.30, while another rejection there likely means price drifts back toward $2.80. If that support breaks, $2.50 could come into play pretty quickly.
Right now, XRP price looks stuck in consolidation. Unless volume kicks up, traders can expect more range-bound action between $2.80 and $3.10 through the day.
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