XRP News Today: XRP's $2.90 Hurdle Could Decide Its Next Major Move

Analyst Warns XRP Could Retreat to $2.70 if $2.90 Resistance Holds

XRP has experienced a bearish trend in recent weeks, prompting analysts to caution that a potential retreat to $2.70 may occur if the price fails to break through the $2.90 resistance level. The token has traded near $2.81 for much of the past week, reflecting a 6.2% decline compared to its value a month ago. During this period, XRP dipped as low as $2.69 before showing signs of modest recovery.

In a recent analysis, crypto analyst Ripple Van Winkle noted that XRP has dropped 25% from its July peak of $3.65, with early signs of a potential rebound beginning to emerge. He highlighted whale accumulation as a key indicator of market bottoming. Van Winkle emphasized that a critical resistance level exists at $2.90, and if XRP can break through this, the next targets would be $3.70 and potentially even $5, depending on market momentum.

Dark Defender, another prominent analyst, observed that XRP has completed its Wave 4 correction and is now entering what appears to be the bullish fifth wave in a five-wave Elliott Wave pattern. His projection for XRP is a rise to $4.39, but this outcome depends on the token maintaining its support at $2.85, which coincides with the 23.6% Fibonacci retracement level. As of now, XRP has remained above $2.80 for much of the past week, indicating that the support level has held firm.

EGRAG added to the bullish sentiment by pointing out three key signals supporting a near-term rally for XRP: a strong monthly chart structure, continued support above key Fibonacci levels (including $1.99), and the token’s price remaining above the 21 EMA. He projects a near-term target of $3.90 and a long-term target as high as $46. However, these predictions remain contingent on XRP sustaining its current technical supports.

On the other hand, analysts have also warned of risks. XRP has been consolidating within a descending triangle pattern near the $2.70 support level, raising concerns that a further drop below this threshold could occur. If this happens, the price could fall into a fair value gap between $2.35 and $2.65, where historical trends suggest a market reaction might occur. The confluence of Fibonacci retracement levels and fractal patterns indicates that such a drop could precede a significant rebound.

Technical indicators also suggest that XRP is at a critical juncture. On the daily chart, the token is currently at the lower Bollinger Band around $2.72, indicating oversold conditions. The RSI has dipped below the neutral 50 level, reflecting bearish momentum, while the MACD remains flat with a slight bearish crossover. A shift in these indicators toward bullish territory would reinforce the potential for a breakout above $2.90. If successful, this could drive XRP toward $3.70 and potentially $4, where significant liquidity is concentrated.

While many analysts are optimistic, some market participants remain cautious, noting that repeated "last chance" calls for buying XRP at a discount have not led to significant price increases. Nonetheless, those who believe in the token’s technical fundamentals and accumulation signals are hopeful that the current sideways movement will soon give way to a new bullish phase.

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)