- XRP consolidated near $3.59 after rejection at $3.90, with support at $3.50 and resistance at $3.90.
- Whale selling of 200M XRP met with steady buying, keeping price stable in the $3.50–$3.60 range.
- Fed policy shifts and the REX-Osprey ETF launch may drive XRP’s next breakout beyond $3.40.
XRP built momentum after forming a double bottom pattern that lifted price to $3.9001. After rejection at this level, the token now trades near $3.59, consolidating between support and resistance as the market waits for its next decisive move. Analysts are monitoring these zones for direction.
Technical Performance and Market Activity
According to an analysis prepared by BitGuru, XRP formed a double bottom in early September after a sharp mid-August decline. This reversal pattern allowed buyers to take control, driving the price above $3.00 and later toward $3.9001 before rejection created new resistance. The market has since entered a consolidation phase.
Support remains firm near $3.50, while resistance sits closer to $3.90, the level where sellers regained strength. Short-term charts show alternating periods of consolidation and breakout, with traders watching whether price can clear the $3.35–$3.40 barrier. CoinMarketCap data shows XRP at $3.09 with daily trading volume rising over 46%.
Daily candles reveal volatility, with support near $3.02 and resistance at $3.09. Analysts noted that XRP’s moving averages are turning upward, which often signals growing bullish momentum. According to market trackers, more than 111 million XRP traded hands in 24 hours, pointing to stronger demand.
External Drivers and Market Outlook
According to an observation by Ali Charts, whales sold around 200 million XRP in the past two weeks. Despite this, increased participation from buyers kept the price stable in the $3.50–$3.60 range. Futures data shows growing open interest as traders prepare for possible ETF-related inflows.
Macroeconomic factors are also shaping sentiment. The Federal Reserve has cut interest rates by 25 basis points, though a deeper move could boost risk assets. JPMorgan data shows that equities gained 15% in past cycles following cuts, while XRP often recorded stronger rallies.
The planned launch of the REX-Osprey XRP ETF has also drawn attention. Legal analysts called it a “clever regulatory workaround” that may bring more institutional exposure. Together, technical strength and external events leave XRP at a key point, consolidating as the market prepares for its next breakout move.
