Ripple’s XRP is starting September on a rough note. At writing, the token is trading around $2.72, down about 4% on the day.
The steady pullback from mid-August highs has now pushed XRP price right onto a big support zone. Traders are watching closely to see if this level can hold, or if today brings another leg lower.
What you'll learn 👉
What the XRP Chart Is Showing
On the 4H chart, the downtrend from the August peak above $3.30 is clear. Price has been grinding lower with consistent lower highs and lower lows, and it’s now pressing against the $2.70–$2.75 support zone. That level has been tested before, and it’s one of the last major bases nearby.
If buyers step in here, XRP price could bounce back toward $3.00–$3.05, where previous rallies have struggled.
A stronger recovery could even bring $3.20 into view. But if $2.70 breaks convincingly, XRP could quickly slide to $2.60 or lower. For now, momentum is still tilted toward sellers, but bulls are holding onto one last key area.
Market Indicators
Volume has been lighter compared to XRP price rally earlier this summer, sitting at around 29M. That tells us fewer traders are chasing the moves during this correction.
Open interest is steady near $301M, which shows traders are still in the game but not leaning too aggressively.
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Net longs have been slipping, a sign of weaker bullish conviction, while shorts are stacked higher, sitting above $549M. Bears still have the upper hand for now.
Together, these indicators point to a cautious market. Sellers have momentum, but buyers are still trying to defend the $2.70 zone.
XRP Price Short-Term Outlook for Today, September 1st
The spotlight today is firmly on $2.70 support. If XRP price can hold above it, a bounce back to the $3.00 area is possible before the day closes. If that floor gives way, though, a drop to $2.60 looks likely in the short term.
For now, the short-term outlook leans bearish, with XRP down 4% and pressing against its biggest support of the past month. Today’s action will be key in deciding whether September starts with a rebound or more downside pressure.
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