XRP Market Trend Analysis

Family, let’s dive into the latest movements in the $XRP market. The asset recently slipped below the psychological $3.00 mark, failing to sustain its 100-hour moving average. On the hourly chart, a clear bearish trend line has formed, with resistance now positioned around $2.91, signaling persistent short-term downward pressure.

From an on-chain perspective, whale activity has been significant. In August alone, large wallets holding between 10M–100M XRP reduced their exposure by nearly 470M tokens. This heavy distribution has injected notable selling pressure into the market, intensifying liquidity risks and accelerating the decline in price.

That said, volatility still presents opportunities. For bullish traders, a breakout requires XRP to hold above $3.02 for two consecutive hours with trading volume exceeding $2B. If achieved, upside targets first align with $3.26, extending to $3.90 for aggressive strategies, while keeping a stop-loss at $2.98. Conversely, a bearish setup emerges if price drops below $2.95 with a confirmed MACD death cross. Downside targets lie near $2.82, then $2.75, with risk capped by a stop-loss at $3.02. A tactical short zone sits around $3.0180–$3.0550, eyeing $2.9680 and later $2.8970.

Looking at the bigger picture, XRP appears to be approaching the conclusion of its five-year accumulation cycle. The regulatory decisions due in October (18th–24th) could prove pivotal for its medium-term trajectory. While the coin’s long-term fundamentals remain strong across both technical and on-chain metrics, traders must stay alert to policy-driven shocks. Protecting capital should remain the top priority amid heightened volatility. #Market_Update #CreatorPad،