Next Moves for XRP as Descending Triangle Shrinks Below $3

XRP is holding just below the $3 mark, trapped within a narrowing descending triangle as buyers and sellers battle for control. A clean break above $2.92 could push the token toward $3.00–$3.30, while repeated rejection may reinforce resistance and prompt renewed selling pressure.

Price Action
On Monday, XRP rose from $2.83 to $2.88, briefly testing $2.92 on six times its average volume. Bulls defended $2.86 support, but repeated resistance at $2.90–$2.92 capped upside momentum. Over September 7–8, XRP traded in a narrow $0.10 range, gaining roughly 3%.

A key surge occurred at 14:00 (Sept 7), lifting price from $2.85 to $2.92 on 231.25M volume, six times the 24-hour average. The final hour saw a slight pullback to $2.87, accompanied by a 2.1M volume spike, signaling short-term profit-taking.

Market Drivers

• Fed Rate Outlook: Near-certainty of a 25-basis-point cut at the Sept 17 meeting supports institutional inflows.
• Geopolitical Tensions: Rising U.S.-China trade risks have funneled capital into crypto.
• Whale Activity: Onchain data indicates 340M XRP accumulated in recent weeks, with +10M XRP net buys during breakout windows.
• SEC ETF Decisions (October): Approval could spur structural inflows, while delays may cap gains near $3.00.

Technical Snapshot

• Support: $2.86, defended across multiple retests
• Resistance: $2.90–$2.92
• Indicators: RSI mid-50s, MACD histogram trending toward bullish crossover
• Pattern: Descending triangle under $3.00; breakout above $3.30 may target $4.00–$4.50

Traders are closely watching whether XRP can close above $2.90 for sustained bullish momentum or remain capped under resistance, setting up the next decisive move.