Ripple’s XRP is starting the new week around $3.00, down slightly after a quiet weekend. Over the past few weeks, the token has been stuck in a wide range between $2.70 and $3.40, with buyers stepping in near the lower end and sellers keeping a lid on the top side.
The market is now watching to see if the current calm can turn into a fresh push higher or if the XRP price will drift back toward the late-August lows near $2.69.
What you'll learn 👉
What the XRP Chart Is Showing
On the 4H chart, XRP is going sideways, forming a lower highs and higher lows pattern that looks like a moderate symmetrical triangle.
The most crucial near-term support lies in the $2.90 to $2.95 area. That zone has stopped multiple times in September, so traders are making it a significant line in the sand. Below that, the big level to watch is the August low around $2.69.
For bulls, the first real hurdle is the $3.20 level. Each time XRP price has tried to break above it this month, sellers have pushed it back.
However, a strong 4-hour close over $3.20 could clear a path toward the heavier resistance between $3.38 and $3.42, and beyond that toward the previous ceiling near $3.41 to $3.45. Until price can punch through those caps, the sideways trend is likely to continue.
Market Indicators
Momentum readings back up the idea of a market in balance. The RSI is sitting near 55, which signals neutral conditions without a clear edge for buyers or sellers.
Open interest is steady at about $319 million, showing that traders are not rushing to add big new positions.
Net long positions are holding near $748 million while net shorts are close to $683 million.
That creates a slight long bias but nothing strong enough to drive a breakout on its own. There are no clear divergences between price and RSI either, which keeps the range scenario in play.
Read Also: Analyst Makes Bold Chainlink (LINK) Price Predictions for This Bull Run
XRP Price Short-Term Outlook for the Week
On the upside, it all comes down to Ripple’s XRP reaction off the $3.00 support line. If the buyers continue to hold this level and volume starts to build, price can take a trip back up to $3.20 and perhaps even attempt its luck at the $3.38 to $3.42 zone again.
A clear break above $3.40 would then pave the way for the $3.60 to $3.80 zone later in the week.
On the other hand, if the XRP price drops to less than $2.90, there is potential for an even more intense pullback to $2.70 and possibly $2.50 to $2.55.
For now, at least, the chart suggests more range-bound behavior between $2.90 and $3.40 until a volume surge or a general market catalyst helps push XRP out of its current range.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
