Current price: XRP is trading around $2.93, reflecting a ~1% drop in the last 24 hours and nearly -8% so far this month.
1. Clear Supports and Resistances — The Triangle Battle
XRP is trapped in a narrow band between $2.95 (key support) and $3.05–$3.10 (strong resistance).
This range defines its next big move: if it manages to break upwards, it could seek levels like $3.40, $5.00, or even $7, with favorable chart patterns for an upward push.
But if it loses the support at $2.95, the risks of correction increase significantly, with a possible drop towards $2.78 or lower.
2. Technical Volatility vs. Macroeconomic Messages
Although expectations of rate cuts following Jackson Hole generated optimism, XRP failed to sustain upward movement like BTC or ETH.
Price action suggests a compression phase, with volatile neutral sentiment and mixed technical signals anticipating a decisive move in the coming days.
3. Stakeholders Observe in Silence
Meanwhile, institutions continue to evaluate XRP, amid expectations of aligned ETFs and stablecoins. Still, XRP must break above the $3.10–$3.40 zone to activate real interest.
Additionally, compared to new proposals like Remittix (RTX), which has a strong focus on real payments and solid presale, XRP needs to show tangible utility and technical momentum to compete effectively.
Conclusion — Wait or Act?
XRP is at a turning point. Firm support at $2.90–$2.95, but without closing above $3.05–$3.10, there is no clear scenario for a sustained rebound.
If support holds, we could be on the verge of a reconfigured altseason.
But if it breaks, it is likely we will seek new lower levels, below $2.78.
Your approach as an investor: watch these levels, prepare your strategy, and decide: take advantage of the compression to position yourself with a smart stop, or hold and see if the macro narrative provides momentum?
