XRP is positioned at a pivotal moment as market sentiment shifts amid uncertainty over upcoming interest rate cuts. With expectations for an easing in September cooling slightly, risk-off moves have triggered sell-offs across assets, including crypto. Yet, XRP’s technicals offer hope for bulls.
The price is currently retracing toward a key higher timeframe support zone at $2.73—an area packed with liquidity that traders expect to spark a significant bounce. A strong close back above this level would set the stage for bullish continuation, with targets at $3.14 and $3.38 looking achievable.
The game plan hinges on watching 4-hour market structure for a confirmed breakout of structure (BOS) before entering. Strict stop-loss management aligned with the 4H swing low will help manage risk.
For traders ready to move on confirmation, XRP’s setup presents a strategic opportunity to capitalize on a rebound and possible upside momentum in a choppy market.
Keep a close eye on XRP as it tests this critical support—this could be the launchpad for the next leg up in 2025’s crypto action.