XRP News Today: XRP's $2.80 Support Test Sparks Bull-Bear Showdown

XRP's price has been a focal point for traders and analysts, as the token currently trades at $2.81 amid conflicting market signals. The immediate concern for bullish investors is the critical $2.80 support level, which has become a key indicator for future price direction. Despite a marginal 0.60% increase over the past 24 hours, the token faces significant downward pressure due to ongoing institutional liquidations that have totaled $1.9 billion since July. Meanwhile, whale activity suggests a contrasting narrative, with large holders accumulating 340 million XRP tokens, signaling confidence in the token's value at current levels [1].

The technical indicators paint a complex picture. XRP's RSI sits at 42.80, suggesting neutral territory with bearish MACD divergence, while the moving average structure reveals mixed signals—trading above the 200-day SMA at $2.48 but below the 7-day and 20-day SMAs. This setup implies ongoing bearish momentum and potential for further declines. Bollinger Bands analysis shows the token near the lower band at $2.72, indicating either potential oversold conditions or the continuation of a downtrend if key support breaks. The stochastic oscillator, with XRP's %K at 26.34 and %D at 14.92, also supports bearish sentiment, although such levels can precede short-term rebounds [1].

Price levels remain a critical consideration for both bulls and bears. XRP is currently testing support between $2.70 and $2.80, with the immediate support at $2.70 aligned closely with the Bollinger Band lower boundary. A break below this level could trigger a 25% decline, pushing the token toward the $2.70 support zone. Conversely, a strong bounce from this level could set the stage for a potential recovery toward $3.35 resistance, with stronger resistance at $3.66 near the 52-week high. The 20-day SMA at $2.95 serves as a key hurdle for any sustained upward movement [1].

Trading volume and momentum have also played a pivotal role in XRP's recent price action. While the token has experienced a 4% weekly decline from $2.85 to current levels around $2.81, the daily ATR of $0.16 suggests that volatility remains contained. This implies that any breakout, whether upward or downward, could be swift once the direction becomes clear. However, recent volume trends have been less encouraging, with a noticeable drop since mid-August. This lack of interest leaves XRP vulnerable to larger swings and could signal a shift in market sentiment [2].

Looking ahead, the risk-reward profile for XRP remains a subject of debate. Conservative traders are advised to wait for a confirmed break above $2.95 resistance before considering entry, as this would be a key signal for a momentum shift. Aggressive traders may consider entering near current levels with tight stops below $2.65, targeting the 20-day SMA at $2.95 for a 1:1 risk-reward ratio. Swing traders are urged to closely monitor the $2.70 support level, as a decisive break could trigger further selling, while a strong bounce could open up new entry opportunities. Given the current uncertainty and conflicting signals, strict risk management remains essential [1].

As the XRP price continues to test key levels, the next 24–48 hours will be crucial in determining whether the $2.70–$2.80 support zone holds or if a significant decline unfolds. Institutional liquidations and whale activity remain key factors to watch, alongside technical indicators and volume trends. Traders and investors are advised to stay cautious and adapt their strategies based on real-time developments in the market. In the broader context, the potential for XRP to reclaim its seven-year high of $3.92 remains a long-term possibility, but only if the token first stabilizes and regains bullish momentum [3].

Source:

[1] (https://blockchain.news/news/20250902-xrp-price-faces-critical-280-support-test-amid-mixed-signals)

[2] (https://thetradable.com/crypto/xrp-price-prediction-why-the-3-rally-just-got-brutally-crushed-1--v)

[3] (https://coincodex.com/article/72449/xrp-price-gears-up-to-reclaim-392-after-7-years-but-crypto-traders-are-eyeing-this-token-under-0004-to-hit-1/)