Ripple’s XRP is starting the new week on a stronger footing after a shaky stretch. The token slid below key levels late last week but quickly bounced back, and it’s now trading around $3.08, up a little more than 2% in the past day. However, traders are watching to see if this fresh momentum can carry through the rest of today.
What you'll learn 👉
What the XRP Chart Is Showing
The 4H chart shows how the market has been moving. Earlier in September, XRP price pushed above $3.30, but a steady sell-off followed and eventually dragged the price down to about $2.70 on September 27.
Buyers stepped in hard at that point, turning that level into a solid floor and sparking a fast rebound that lifted the price back over $3.00.
Right now XRP price is holding just above the middle of its recent range. There’s visible resistance around $3.10 to $3.15, an area that stopped a few short rallies earlier this month.
On the lower side, the zone between $2.70 and $2.75 remains the key support to keep in mind. Clearing $3.15 with conviction would set up a run toward $3.30, while slipping back under $2.90 could bring the price back toward that support area again.
Market Indicators
Momentum signals are pointing toward strength. The RSI across several settings is near 58, well off oversold territory and leaning bullish, which means buying pressure is starting to build again after the late-September dip.
Open interest is sitting around $325 million and holding steady, so derivatives traders are active but not overly stretched in one direction.
Net-long positions have steadied after the recent sell-off, while net-short positions are still high but not climbing. That mix suggests the market has room to move without being weighed down by heavy positioning.
Read Also: Analysts Say SUI Price Could Pump Soon – Here’s What the Chart Shows
XRP Price Short-Term Outlook for Today, September 29
The next job for Ripple’s XRP is to stay over $3.00 and go hard at the $3.10 to $3.15 mark. If it could break and stay over there, it would most probably get more buying and establish a path towards $3.30 in the near term.
If the momentum falters and the XRP price falls below $2.90, a retest of the $2.70 support level that hardened last week is likely.
In the meantime, though, the confluence of a sharp rally off $2.70, compact open interest, and increasing RSI creates the likelihood that XRP has a good chance to have its comeback continue through the rest of the day if buying continues to prevail.
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