Ripple’s XRP has been moving pretty quietly after its big rally earlier this summer. The token hit a peak near $3.66 in mid-July but has since cooled off and is now trading in a much tighter range around the $3.00 mark.
Right now, traders are trying to figure out whether this sideways action is just a pause before another push higher or if XRP price is getting ready to slide lower.
What you'll learn 👉
What the XRP Chart Is Showing
On the 4H chart, XRP move from $1.90 in June to $3.66 in July was explosive. Since then, things have calmed down.
The XRP price has been bouncing between support at $2.88 and resistance at $3.13. That is to say, XRP is basically stuck in a range, poised to break out either direction.
If bulls can push through $3.13, we could see a quick run toward $3.30. But if price breaks below $2.88, it’s likely to test the $2.70 area again. For now, XRP is just coiling up inside that range.
Market Indicators
Trading volume has dropped a lot compared to July’s rally, which shows there’s less urgency in the market right now.
Open interest is steady at around 300M, which means traders are holding positions but not really increasing exposure.
Net longs are sitting around -1.19B, while net shorts are about 1.09B, so neither side is showing a big advantage.
Put simply, the indicators are telling the same story as the chart, people are waiting. No one’s rushing in heavily until XRP price shows its next big move.
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XRP Price Short-Term Outlook for Today
In the short term, XRP looks set to keep moving between $2.88 and $3.13. A strong push above $3.13 would flip the chart bullish again and likely open the way toward $3.30.
On the other hand, dropping under $2.88 would tilt things bearish and could drag the XRP price back to $2.70.
For today, the token seems stuck in neutral. Bulls need more volume to break higher, while bears are waiting for weakness to show under support. Until then, XRP is likely to hover around the $3.00 level.
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