XRP price is trading around $2.99 right now, staying pretty steady after a stretch of back-and-forth moves.
The token is still sitting just under that big $3 mark, and traders are watching closely to see which way it will break next.
What you'll learn 👉
What We Got Right Yesterday
In yesterday’s prediction, we talked about how the $2.90 support zone could keep price locked in a range. We also said that only a clear move above $3.18-$3.25, with real volume behind it, might kick off a run toward $3.35-$3.66.
So far, that’s exactly what’s playing out. XRP price is still moving inside the $2.90-$3.30 range, and the bulls have managed to defend above $2.90.
Volume is still light, which fits the idea that the market hasn’t made up its mind. Futures data also show that longs and shorts are almost equal, just like we noted.
What the XRP Chart Is Showing
On the daily chart, XRP big July rally from $1.90 to $3.66 stands out. Since then, the price has mostly cooled off, trading sideways and forming a broad consolidation.
Over the last couple of weeks, it bounced back from the $2.50 area and is now testing that $3 level again.
Right now, $2.90-$2.95 is the spot to watch for support. If it holds, we could see another push toward $3.20-$3.30 and maybe a test of the $3.66 high if momentum builds. If that support breaks, though, XRP might slide back toward $2.50–$2.60.
Market Indicators
The 4-hour RSI has climbed to about 39 after dipping as low as 25, showing that selling pressure is easing. Daily trading volume is sitting near 572 million XRP, which is still quiet compared to the summer rally.
Futures data also point to a balanced market. Open interest is around $336 million, while net longs are about $821 million and net shorts are close to $790 million.
The open interest to market cap ratio is holding near 0.034, indicating traders are staying put but not adding heavy new positions.
Read Also: Ripple’s Big Comeback? Why This XRP Price Target Might Surprise You
XRP Price Short-Term Outlook for Today, September 16
For today, the key question is whether $2.90 can keep holding. If buyers defend that level, XRP could make another run at $3.20-$3.30.
If it slips under $2.90, a drop toward $2.50-$2.60 comes into view. Until a clean breakout happens with stronger volume, XRP price is likely to keep moving sideways near $3.
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