XRP News Today: XRP at a Crossroads: $2.80 Support Could Signal Deeper Decline or a Bullish Rebound

XRP remains range-bound between $2.80 and $2.90 as traders observe key technical levels for potential breakouts. The asset traded at approximately $2.82 on Friday, reflecting a lack of consensus between buyers and sellers amid elevated volatility. A failed attempt to reclaim $2.90 short-term resistance led to a brief pullback toward $2.80, highlighting the fragility of the current market sentiment. With the upcoming Federal Open Market Committee (FOMC) meeting scheduled for September 17, attention is centered on U.S. economic data that could provide clues about the Federal Reserve’s monetary policy direction. Any potential rate cut, the first of the year, could offer a tailwind for risk assets like cryptocurrencies and equities. However, immediate volatility is expected to persist, requiring traders to remain cautious while managing their positions accordingly [1].

The declining retail demand for XRP has been evident through the shrinking futures Open Interest (OI), which currently stands at $7.4 billion, down from a peak of $10.94 billion on July 22. This drop suggests reduced conviction in XRP’s ability to sustain a short-term rally. A lower OI indicates fewer traders are holding active positions, which may increase the likelihood of further downside as the path of least resistance tilts downward. Nonetheless, the positive futures funding rate of 0.0083% suggests that leveraged long positions are still being added. If the funding rate rises in the coming days, it could signal growing bullish sentiment and potentially support a recovery above the $3.00 psychological level [1].

Technically, XRP faces a critical test at $2.80 after retracing part of Friday’s intraday gains. The Relative Strength Index (RSI) at 46 is slowly moving toward oversold territory, but bears have taken control, reducing the likelihood of a strong rebound. The sideways movement in the Moving Average Convergence Divergence (MACD) indicator around the zero line indicates a tug-of-war between bulls and bears. A bearish crossover, where the MACD line drops below the signal line, could accelerate the decline toward $2.70 [1]. On the flip side, a successful breakout above the 50-period EMA at $2.84 on the 4-hour chart could signal a renewed bullish push toward $3.00. Investors may be watching for signs of a “buy the dip” strategy, especially if $2.80 support holds [1].

Analyst Ali Martinez has outlined a clear technical roadmap for XRP, emphasizing the importance of holding above $2.77 to avoid a deeper decline toward $2.40. He also highlighted $2.90 as a key resistance level that, if breached, could trigger a potential rally toward $3.70. His analysis suggests a step-by-step approach: first, bulls must defend the lower support zone; second, a break above $2.90 is required to reverse the bearish trend; and third, a sustained move toward $3.70 would signal a larger breakout [2]. Recent price action has shown a tug-of-war between buyers and sellers, with XRP reaching as high as $2.8325 before being pulled back down to $2.7034, reinforcing the significance of the $2.70–$2.77 range as a battleground for control [2].

The broader context of XRP’s movement is influenced by global cryptocurrency adoption trends. The United States has climbed to second place in the 2025 Chainalysis Global Cryptocurrency Adoption Index, surpassing Europe. This rise is attributed to the approval of cryptocurrency-linked spot ETFs and a more defined regulatory framework. With over $2.2 trillion in total transaction volume and $54.5 billion in inflows for Bitcoin-based ETFs, the U.S. is emerging as a major hub for institutional adoption [3]. Meanwhile, Europe’s progress is constrained by regulatory fragmentation, although certain countries like the United Kingdom, Germany, and France are making strides in institutional crypto adoption [3]. As the institutionalization of digital assets continues, the regulatory environment and market dynamics are playing a crucial role in shaping the trajectory of cryptocurrencies like XRP [3].

Source:

[1] Ripple Price Forecast: XRP Stays Choppy Below $3 as Volatility Spikes (https://www.fxstreet.com/cryptocurrencies/news/ripple-price-forecast-xrp-stays-choppy-below-3-as-volatility-spikes-202509051700)

[2] XRP Price Holds Near $2.75 as Analyst Maps Path Between $2.40 Risk and $3.70 Upside (https://cryptoadventure.com/xrp-price-holds-near-2-75-as-analyst-maps-path-between-2-40-risk-and-3-70-upside/)

[3] The United States Surpasses Europe in the Global Ranking of Cryptocurrency Adoption (https://news.bit2me.com/en/The-United-States-surpasses-Europe-in-crypto-adoption-rankings)