XRP price is sitting around $2.94 at the time of writing, holding its ground after a summer of big swings.
Since mid-August, the price has been stuck between support at $2.80 and resistance just under $3.00. Everyone’s watching to see if today is the day XRP finally breaks out of this range.
What you'll learn 👉
What We Got Right Yesterday
In yesterday’s prediction, we talked about how trading volume had cooled off compared to the July breakout. That’s still true.
Volume is sitting around 510 million USDT, much lower than when XRP price ran up to $3.66. It tells us that traders are waiting on the sidelines.
We also mentioned the long and short positions. Net longs are sitting around 6.2 billion, while shorts are slightly higher at 6.37 billion. Bears still have a slight edge, but it’s not enough to tip the market strongly one way.
And of course, $3.00 was flagged as the key resistance. XRP is still struggling to get past that level, which means the bulls haven’t really shown up in force yet.
What the XRP Chart Is Showing
If you look at the daily chart, the picture is clear. XRP had a big run in July, topping at $3.66, then pulled back toward $2.80 in August. That level has been holding as support ever since.
Right now, the price is hovering just under $3.00. If buyers can push through with solid volume, the next stops could be $3.30-$3.35, and maybe even a re-test of the $3.66 high.
But if $2.80 breaks, we could be looking at a drop back toward the $2.20 area where XRP was trading earlier this summer. For now, it’s stuck sideways.
Market Indicators
The numbers back this up. Volume is quiet at around 510 million USDT, way down from the summer rally.
Open interest hasn’t moved much either, showing traders are holding their positions but not adding aggressively. The open interest to market cap ratio is low at 0.032, so leverage is not a big risk factor right now.
Shorts are slightly heavier than longs, but the gap is tiny. That’s why the market feels cautious, nobody is really overextended.
Read Also: Top Analyst Bets on XRP Reaching $100 – Even If Banks Say No
XRP Price Short-Term Outlook for Today, September 10
So what’s the plan for today? It’s all about $3.00 and $2.80. If XRP can finally break through $3.00 with real momentum, it could head toward $3.30. If $2.80 cracks, though, the price might slip back toward $2.20.
For now, XRP is just ranging. Traders are waiting for volume to pick up before making their next move. Today’s action around $3.00 will tell us whether XRP price is gearing up for another push higher or preparing to retest its summer lows.
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