XRP News Today: XRP's $2.8 Defense Could Spark 20% Rally as Bear Momentum Wanes

XRP has shown signs of bear exhaustion amid mixed technical signals, suggesting the potential for a near-term rebound. The cryptocurrency, which had previously faced downward pressure, is currently trading near $2.82 and has demonstrated a strong rebound from its $2.8 support level. Analysts from CMF Trading Point highlight that this level is crucial for bulls to defend, as it marks the beginning of an ascending trendline. A successful breakout above this level could see XRP reach $3.0, with further gains potentially taking the token toward $3.40—a 20% increase from its current price [1].

This potential upward movement is being framed within a broader technical analysis context. Ripple’s native token has been consolidating inside a descending wedge pattern on the daily chart, defined by lower highs and higher lows converging toward a critical decision zone around $2.8–2.9. This consolidation suggests that the market is waiting for a directional cue. A breakout above $3.1 could signal bullish momentum, whereas a breakdown below $2.70 could expose XRP to further declines toward $2.4 [2]. Similarly, the 4-hour chart shows tight consolidation within the same descending wedge, with the price repeatedly testing the lower boundary. The lack of a clear breakout indicates fading bearish momentum, supported by an RSI of 52, suggesting that buyers are slowly regaining control [3].

The broader cryptocurrency market appears to be in a state of consolidation, with Bitcoin and Ethereum also showing mixed signals. Bitcoin, for instance, is currently trading near $113,000 after a recent rebound from its channel support, which has historically helped sustain its bull market trend. While this rebound is seen as positive, momentum remains fragile, with key resistance levels around $113,200–$113,500 and critical support at $107,800–$108,000. A successful break above $113,000 could set the stage for a rally toward $115,000 and beyond [4]. Ethereum, meanwhile, is trading in a tight range between $4,500 and $4,250, with no clear bias toward either bulls or bears. The absence of a decisive breakout has led to uncertainty about the next major move for the second-largest cryptocurrency [5].

Shiba Inu (SHIB) has also shown signs of tentative strength, mirroring the broader risk-on tone in the market. This is in contrast to a recent period of weakness in both Bitcoin and Ethereum. While SHIB has not yet broken out of its consolidation phase, its performance suggests that it may benefit from any broader market upturn, particularly if the Fed decides to cut interest rates in the coming months. This dynamic is also influencing XRP, as both tokens are being viewed through the lens of macroeconomic factors, including upcoming U.S. employment data and the potential for Fed rate cuts [6].

The legal landscape for XRP has also played a role in its recent price action. Ripple’s four-year legal battle with the SEC concluded in August 2025 with a mixed ruling, in which XRP was determined not to be a security in secondary market sales. The XRP Army, a group of retail investors and supporters of the token, was acknowledged by both the judge and Ripple’s legal team for their influence in the case. This development has added a layer of optimism to XRP’s price outlook, particularly as the token trades near $2.85 and shows signs of regaining investor confidence [6].

Looking ahead, the key for XRP will be whether it can maintain its recent upward momentum and hold above the $2.70–$2.75 level. If this level fails, it could trigger a deeper correction toward $2.20. However, the current technical conditions—combined with favorable macroeconomic sentiment—suggest that XRP may be poised for a rebound in the near term. The broader crypto market, while still in a consolidation phase, appears to be setting up for a potential breakout, with Bitcoin and Ethereum showing early signs of strength that could spill over to altcoins like XRP and Shiba Inu.

Source:

[1] XRP Price Could See 20% Bounce To $3.4 If This ... (https://www.mitrade.com/insights/news/live-news/article-3-1099063-20250905)

[2] Ripple Price Analysis: XRP's Failure to Break Out of ... (https://cryptopotato.com/ripple-price-analysis-xrps-failure-to-break-out-of-consolidation-spells-trouble-ahead/)

[3] XRP eyes $3.0 as technicals show fading bearish momentum (https://coinjournal.net/news/xrp-eyes-3-0-as-technicals-show-fading-bearish-momentum/)

[4] BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI (https://cointelegraph.com/news/price-predictions-9-5-btc-eth-xrp-bnb-sol-doge-ada-link-hype-sui)

[6] Bitcoin, Ethereum, and XRP All Continue to Drop. Here's What ... (https://finance.yahoo.com/news/bitcoin-ethereum-xrp-continue-drop-094900395.html)