XRP News Today: XRP's $2.70 Lifeline Could Decide Its Next 66% Upside Move

XRP is currently consolidating near $2.81, with key resistance and support levels shaping market expectations. The price has remained relatively stable since the beginning of last week, though it has seen a 6.2% drop from levels seen a month ago, hitting as low as $2.69 before a modest recovery [1]. Analysts are closely monitoring the $2.70 support and $2.90 resistance levels, with several bullish forecasts emerging if XRP can break above $2.90 [2].

A number of analysts have provided technical and market-based justifications for an impending rebound. Ripple Van Winkle, for instance, observed that XRP has completed its Wave 4 correction and is entering a bullish fifth wave, projecting a target price of $4.39. This analysis hinges on XRP maintaining the $2.85 support level, which aligns with key Fibonacci retracement lines [1]. Meanwhile, Dark Defender highlighted a five-wave Elliott Wave pattern and identified $2.70 as a critical support level. If this level holds, the next target could be $3.70, and potentially $5 if momentum continues [1].

Onchain and futures data also provide early signs of market stabilization and accumulation. The leverage ratio on Binance has returned to its yearly average, reducing the risk of cascading liquidations and supporting price stability [2]. Additionally, aggregated spot cumulative volume delta (CVD) shows a shift toward neutral territory, indicating buyers are gaining control after a period of dominance by sellers [2]. This confluence of data suggests that XRP may be near a potential 60% to 85% rebound into the fourth quarter [2].

Price indicators further support a potential reversal. On the daily chart, XRP has been trading within a descending triangle pattern, with repeated tests of the $2.70 support. A break below this level could push XRP into a $2.35 to $2.65 fair value gap, historically a zone of price stabilization [2]. Crypto trader Javon Marks emphasized the significance of this area, noting that as long as XRP holds above $2.47, a 66% upside could follow [2]. Similarly, Ali Martinez proposed a bullish trajectory where XRP must first defend the $2.70 support before attempting to break above $2.90, potentially setting the stage for a move toward $3.70 [3].

The broader market context also plays a role in XRP’s outlook. Bitcoin has driven the bearish sentiment in the crypto market over the past several weeks, with BTC trading at $110,800, down 11% from its all-time high [1]. However, analysts suggest that the prolonged sideways movement and consolidation in the market point to an eventual rebound, with XRP positioned to benefit if it holds key technical levels [1]. The market has seen a reduction in open interest for XRP futures, from $11 billion to $7.5 billion, indicating reduced speculative exposure and a cooling of leverage-driven volatility [2].

While some analysts and traders are optimistic, others remain cautious. Critics argue that repeated "last chance" calls have not led to significant price gains, and a major correction could still occur [1]. Nevertheless, the cumulative signals from technical indicators, onchain activity, and futures positioning suggest that XRP is at a pivotal moment. The outcome of its next price movement—either breaking above $2.90 or falling below $2.70—will determine the direction of its short-to-medium term trajectory [2].

Source: [1] This May Be Your Last Month to Buy XRP at Low Valuations (https://thecryptobasic.com/2025/09/06/this-may-be-your-last-month-to-buy-xrp-at-low-valuations-crypto-founder-warns/) [2] XRP stuck in downtrend, but 3 data points forecast 85% ... (https://cointelegraph.com/news/xrp-downtrend-extends-but-data-predicts-85percent-bounce) [3] From $2.70 to $4? Analysts Map Out XRP's Next Big Move (https://finance.yahoo.com/news/2-70-4-analysts-map-122201540.html)