XRP is starting the new week in a tight spot. Right now, XRP price is trading around $2.84, with bulls and bears battling for control around a key support zone.
After peaking near $3.66 in late August, XRP has been sliding lower and is now stuck in a sideways range. The big question for traders is whether $2.80-$2.85 can hold, or if another drop is on the way.
What you'll learn 👉
What We Got Right Yesterday
In yesterday’s prediction we pointed out how important the $2.75-$2.80 area was. We said that if the XRP price slipped under that level, it could quickly head toward $2.50.
So far, buyers have managed to keep XRP above $2.84, which means the price is still bouncing between $2.85 and $3.10. No breakout yet, and volume is still pretty thin, a sign the market hasn’t picked a clear direction.
We also mentioned that a strong push above $3.20 with heavy volume would be needed to unlock bigger gains toward $3.35 or even $3.66. That hasn’t happened yet, so the market remains in wait-and-see mode.
What the XRP Chart Is Showing
Looking at the daily chart, XRP has been in a downtrend since topping out at $3.66. The pattern shows lower highs and lower lows, with price now pressing against the $2.80-$2.85 support zone.
If buyers step in here, XRP price could bounce back toward $3.00-$3.05. A stronger recovery might even bring $3.20 back into view. But if $2.80 gives way, the door opens to $2.50-$2.40, where the last big base was built.
Market Indicators
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Trading volume has cooled down a lot compared to the summer rally. Today it’s around 570M, which shows fewer traders are chasing moves.
Open interest is holding steady, meaning traders are still active but not going all-in. Long positions keep slipping, while shorts are stacked up higher at over $6.39B. That leaves the short-term bias leaning toward the bears.
Put together, it’s a cautious market. Sellers still have the edge, but buyers are putting up a fight at $2.80.
XRP Price Short-Term Outlook for Today, September 3
All eyes are on the $2.80 level. If XRP price holds above it, a rebound toward $3.00 is possible later today. If not, the next stop could be $2.50.
For now, the short-term outlook is still leaning bearish, but the $2.80 zone is where the battle lines are drawn. How price reacts here will likely set the tone for the rest of the week.
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