XRP News Today: XRP's Spinning Bottom: A Quiet Battle Between Buyers and Sellers Unfolds

Ripple's XRP has shown mixed technical signals in the lead-up to September, with traders closely watching key support and resistance levels for potential price direction. On Monday, XRP formed a "spinning bottom" candlestick pattern, a technical indicator that often signals a possible reversal in price trends. This formation came after a 25% pullback from the July peak of $3.65 and at a critical support level near the August 3 low, a point where the market previously rebounded. While the pattern itself does not guarantee an immediate bullish move, it is seen as an early sign of potential buyer interest stepping in to defend the price [1].

The pattern, characterized by price swings in a broad range with the closing price near the opening, indicates both buyers and sellers are active, but neither is able to dominate the market. Technical analysts typically look for a bullish confirmation in the form of a candle closing above the high of the spinning bottom—currently at $2.84. XRP was trading at $2.80 at the time of analysis, underscoring the importance of this level as a potential catalyst for upward movement [1].

However, the broader technical picture remains bearish. The 5- and 10-day simple moving averages, widely used to filter short-term noise, continue to trend downward, reflecting ongoing bearish momentum. The Guppy multiple moving average band has also recently turned bearish, with the signal remaining intact. If XRP's price breaks below the Monday low of $2.69, it could face a sharper decline, according to analysts [1].

The MACD histogram, a momentum indicator derived from 12- and 26-week exponential moving averages, has been consistently negative since late July. Despite this, XRP’s price has not fallen into a steep downtrend, remaining relatively resilient in a $2.70–$3.00 range. A potential bullish crossover in the MACD could signal the start of a sharp rally. Notably, Bitcoin experienced a similar dynamic in September 2024 when it traded below $60,000 before staging a recovery [1].

Analysts have identified key support and resistance levels for XRP. Immediate support is at $2.69, with further levels at $2.65 and $2.48. On the upside, resistance is at $2.84, followed by $3.38 and $3.65. These levels serve as critical decision points for traders assessing the likelihood of a reversal or continuation in the current trend [1].

Looking ahead, some analysts believe XRP could form a double bottom at $2.70, a pattern often associated with oversold conditions and potential price rebounds. A breakout above the current resistance at $2.83 could provide further upward momentum. The cryptocurrency is currently trading near this level, and a successful breakout is seen as a potential catalyst for a broader recovery. However, analysts caution that near-term movements may be limited unless broader adoption and positive macroeconomic trends take hold [3].

Crypto analyst Oscar Ramos has noted that September is historically a weak month for crypto, while October and November tend to see higher price movements. He highlighted that XRP could benefit from upcoming market catalysts, such as the Federal Open Market Committee meeting and key economic data releases, including the Consumer Price Index and unemployment figures. However, geopolitical developments remain unpredictable and are not considered reliable drivers for price action [3].

The regulatory landscape also plays a crucial role in shaping XRP’s price trajectory. The U.S. Securities and Exchange Commission's decision to drop its 2023 XRP appeal marked a turning point for the token. This move not only cleared the path for the ProShares Ultra XRP ETF approval but also allowed institutional investors to accumulate $1 billion worth of XRP during price corrections. In contrast, China’s strict crypto transaction bans and the EU’s stringent MiCAR compliance requirements have created additional barriers to XRP’s adoption [7].

Investors are now factoring in these regulatory divergences when assessing risks and opportunities. The U.S. and Canada, with their more crypto-friendly frameworks, represent favorable environments for XRP growth. However, exposure to the EU and China remains a concern due to the potential for abrupt market corrections stemming from regulatory shifts [7].

In summary, while XRP shows signs of potential buyer interest through technical formations like the spinning bottom, the broader market remains tilted in favor of sellers. A successful breakout above key resistance levels and a bullish MACD crossover could signal a reversal in the trend. However, the bearish momentum remains intact, and traders are advised to monitor key support levels to assess the likelihood of further declines. The regulatory environment, particularly in the U.S. and Canada, continues to play a pivotal role in shaping investor sentiment and price volatility, underscoring the need for strategic diversification and compliance management for long-term success [1][3][7].

Source:

[1] XRP's 'Spinning Bottom' Hints at Recovery Rally as BTC Takes Out Descending Trendline (https://www.coindesk.com/markets/2025/09/02/xrp-s-spinning-bottom-hints-at-recovery-rally-as-btc-takes-out-descending-trendline)

[2] Ripple (XRP) Price Predictions for This Week (https://cryptopotato.com/ripple-xrp-price-predictions-for-this-week-22/)

[3] XRP Forms Double Bottom at $2.7, Analyst Marks Level as Oversold (https://www.financemagnates.com/trending/xrp-forms-double-bottom-at-27-analyst-marks-level-as-oversold/)

[4] Ripple (XRP) Price Predictions for This Week (https://m.fastbull.com/news-detail/ripple-xrp-price-predictions-for-this-week-news_6300_0_2025_3_9370_3/6300_CITY-USDC)

[5] Convert XRP XRP to United States Dollar USD (https://www.coinbase.com/en-de/converter/xrp/usd)

[6] XRP/USD: Convert XRP (XRP) to US Dollar (USD) (https://www.okx.com/en-eu/convert/xrp-to-usd)

[7] How Regulatory Divergence Shapes XRP's Price and ... (https://www.bitget.com/news/detail/12560604949082)