2025-9-2 04:00 |
XRP price is kicking off September with some pressure. Right now, the token is trading around $2.77, holding just above an important support zone.
After the strong run-up in mid-August that pushed XRP close to $3.60, the token has been sliding back. Now, all eyes are on whether the $2.70 level can hold, or if sellers push it even lower today.
What We Got Right YesterdayIn yesterday’s prediction, we pointed out how important the $2.75 area was for XRP. We said that if the XRP price dropped below it, the next stop could be around $2.60 or even the $2.45-$2.50 zone.
So far, buyers have managed to keep the token above $2.70, which means XRP is still moving inside the range we expected. There hasn’t been a breakout, and with volume staying light, it’s clear the market hasn’t chosen a direction yet.
We also mentioned that a real push higher would only come if XRP got back above $3.00 with stronger volume. That hasn’t happened, so the token remains stuck in a sideways zone.
What the XRP Chart Is ShowingLooking at the XRP chart, the downtrend from August’s peak is still intact. XRP keeps forming lower highs and lower lows, pressing right against the $2.70-$2.75 support. This area has been tested before and continues to be the line buyers are trying to defend.
Source: CoinAnkIf bulls step up here, XRP price could bounce back toward $3.00-$3.05, where it struggled before. A stronger move could even bring $3.20 into play.
But if $2.70 breaks, the door opens for a quick drop to $2.60 or lower. For now, sellers have momentum, but buyers are holding one last zone.
Market IndicatorsVolume is much lighter compared to the summer rally, sitting at about 29M. That shows fewer traders are chasing price moves during this pullback.
Open interest is holding around $301M, which means traders are still involved but not pushing extreme positions. Net longs have been slipping, while shorts are stacked higher at over $549M. That keeps the short-term bias tilted toward the bears.
Read Also: Analyst Claims BlackRock and Ripple Are Building the Same XRPL Empire
All together, the data indicates a cautious market. Sellers are pressing, but buyers are putting up a fight at the $2.70 mark.
XRP Price Short-Term Outlook for Today, September 2The key zone today is $2.70. If XRP price stays above it, there’s room for a bounce back to $3.00 before the day ends. But if sellers manage to break that floor, a slide to $2.60 looks likely.
For now, the short-term setup leans bearish, with XRP stuck right at one of its biggest support levels. The next few sessions will decide if September starts with a bounce, or more downside pressure.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post XRP Price Prediction For Today, September 2 appeared first on CaptainAltcoin.
origin »Ripple (XRP) на Currencies.ru
|
