Ripple price has spent the past 2 months trading below a clear descending trendline. Since mid-July, XRP has been forming a series of lower highs, which usually signals consistent selling pressure. That’s the nature of a downtrend.
What makes this setup interesting is that XRP price has not been making new lower lows. Instead, it has managed to find steady support between $2.7 and $2.8. This creates a kind of standoff between sellers pressing down from above and buyers stepping in at the same floor. It is the type of tug-of-war that often leads to decisive moves once one side gives way.
Why the $2.7 Support Matters for XRP Price
The $2.7 level has become the key battleground. If Ripple price continues to hold this support, the sideways structure could continue a little longer. However, the repeated lower highs add pressure on that floor, and history shows that the more often a support level gets tested, the weaker it becomes.
If the $2.7 area breaks, the next major levels to watch are $2.58, then $2.32, and possibly $1.9. That scenario would confirm that the sellers have taken control and are pushing XRP price deeper into bearish territory. The important detail here is that even under strong selling, a dip below $2 this month looks unlikely unless the market faces an extreme shock.
For Ripple to flip the script, XRP price needs to break above that descending trendline. Without that breakout, every rally attempt is likely to stall. A clean move through resistance could open the door toward the July highs near $3.6.
Momentum after a breakout often feeds on itself as short-term traders pile in. That’s why a move above the trendline would be the first real sign of strength in weeks. If the breakout holds, it could shift the broader sentiment back in favor of buyers.
What to Expect in the Coming Weeks
The chart shows two clear possibilities. On one side, bearish pressure could finally crack the $2.7 support and send XRP price toward lower levels like $2.32. On the other, a decisive break above the trendline would make $3.6 a realistic target.
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For now, Ripple is at a crossroads. The support at $2.7 and the resistance trendline have created a narrow channel that cannot last forever. The coming weeks should bring the breakout or breakdown that sets the tone for the rest of September.
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