XRP is moving in a tight range ahead of the weekend and remains technically interesting. After the rally in August, XRP is currently oscillating in the range of $3.10–$3.30. The overall picture signals a mix of consolidation and cautious bullishness:
• Support Zones:
• $3.02–$3.13: Short-term and repeatedly defended support. A breakout downward could cause a decline towards $2.89 (EMA) and $2.77 (50%-Fibonacci, next support zones).
• $2.77–$2.80: Medium-term key support zone, falling below poses a risk to $2.50.
• $2.60: Strong base; in a bearish scenario, this would be the last important zone before a deeper correction.
• Resistance Zones:
• $3.27–$3.33: Short-term resistances, relevant for traders, currently being tested more frequently.
• $3.60: Crucial point in the current chart, above this, the path to $4 is clear in the short term.
• $4.00: Psychologically and technically significant; upon breakout, a potential target for the bullish scenario.
Analysts expect primarily a sideways phase between $3.02 and $3.33 for the weekend. Breakout potential exists upon overcoming $3.33, which could enable a breakout to $3.60 or $4 in the medium term. In case of weakness below $3.02, $2.89 and $2.77 will come into focus. Additional selling pressure could arise from news regarding the SEC or larger XRP releases. The short-term sentiment is neutral to slightly bullish.