XRP News Today: XRP’s $2.70 support tests patience, but on-chain clues hint at a stealth rebound setup

XRP has remained in a downtrend for nearly 45 days, with price consolidating within a descending triangle pattern around the $2.70 support level. Despite the decline, onchain and futures data indicate early signs of a leverage reset and accumulation, reducing the risk of cascading liquidations. The token’s estimated leverage ratio on Binance has normalized to its annual average, suggesting traders are no longer overextended in leveraged positions. Additionally, aggregated spot cumulative volume delta (CVD) has shifted closer to neutral territory, pointing to a potential shift in on-chain activity as buyers appear to take control of the narrative [3].

Futures positioning also reinforces the accumulation trend, with aggregated futures CVD declining steadily and funding rates normalizing to quarterly averages. These indicators suggest that crowded positions have been cleared, creating room for a potential rebound. Meanwhile, open interest has fallen from $11 billion to $7.5 billion in recent weeks, reflecting reduced speculative activity and a cooling market [3].

The technical outlook for XRP highlights a confluence of key price levels that could signal a reversal. A fair value gap exists between $2.35 and $2.65, aligned closely with Fibonacci retracement levels and a Q1 fractal pattern previously observed before a sharp price breakout. Analysts are watching this zone closely, as a stabilization within the range increases the probability of a 60% to 85% rebound into the fourth quarter [3].

Recent price action has also drawn comparisons to XRP’s 2021 breakout pattern, with market analysts noting similarities in the wedge structure. Crypto strategist Steph is Crypto has highlighted the repeating pattern on social media, suggesting a clean breakout above $3 could set the stage for a move toward $4–$5 in the coming months [4]. Similarly, on-chain inflows have shown a reversal, with $8.41 million flowing into XRP spot exchanges on September 4, reversing the outflows seen in August [4].

Political developments have added fuel to the bullish narrative. After President Trump suggested that tariffs could replace federal income tax, crypto strategists noted the potential for massive liquidity injections into the market. While the policy remains speculative, the comments have amplified bullish sentiment, particularly for tokens like XRP, which are closely tied to cross-border payment infrastructure [4].

Despite these bullish signals, XRP faces stiff competition from other blockchain networks. According to DeFiLlama, the XRP Ledger (XRPL) has a total value locked (TVL) of just $87.85 million, lagging behind Ethereum’s $96.9 billion and Solana’s $11.27 billion. The disparity in TVL reflects the challenges XRP faces in attracting developers and institutional participation, with Ripple’s recent upgrades—including an EVM sidechain and AMM liquidity pools—aimed at improving competitiveness [1].

Source:

[1] Now That XRP is Dead, What's Next? Swift Executive Calls ... (https://finance.yahoo.com/news/now-xrp-dead-next-swift-105438346.html)

[2] Is XRP the Smartest Cryptocurrency to Buy With $1000 ... (https://www.nasdaq.com/articles/xrp-smartest-cryptocurrency-buy-1000-right-now)

[3] XRP stuck in downtrend, but 3 data points forecast 85% ... (https://cointelegraph.com/news/xrp-downtrend-extends-but-data-predicts-85percent-bounce)

[4] XRP Price Prediction: Analysts Track $3 Breakout As Cycle ... (https://coinedition.com/xrp-price-prediction-analysts-track-3-breakout-as-cycle-patterns-reemerge/)