- XRP is working its way up towards $2.94 and analysts suggest a close of above $3.01 could verify a bullish momentum and end the current throwback phase.
- The liquidity clusters between $3.70–$4.00 could create significant cascading liquidations increasing upward momentum if XRP breaks above $3.07 key resistance.
- Additionally, momentum indicators like MACD, RSI and Stochastic RSI are increasing that suggest a possible increasing strength from buyers could create a breakout scenario.
XRP is trading near a critical zone, holding around $2.95. The market is now watching whether price action can secure momentum above key resistance levels, or if the current throwback phase will extend further.
Key Levels in the XRP Throwback Setup
Analyst Egrag Crypto noted that XRP is sitting at a decision point around $2.94. A daily close above this level would provide the first indication that buying pressure is returning. Market observers also point to the 33-day simple moving average at $3.01 as the next test. Moving past this threshold would suggest that the throwback phase is finishing and bulls are preparing for higher levels.
The 55-day simple moving average at $3.07 is seen as an additional marker. A close above this region would add weight to the case that the recent low on September 1 marked a bottom. Egrag further stated that the $3.40 level would act as the “Go-Go Signal,” opening the door to a rally toward the $4.00 region.
If XRP shows weakness in the $2.94–$3.00 zone, analysts caution that the throwback could continue. In this case, the September 1 low may come back into play before any fresh breakout attempt occurs. At present, XRP has recorded a modest decline of 1.05% over the past 24 hours but remains up 3.98% over the week.
Liquidity Overhang and Potential Triggers
Market commentator Armando shared that XRP has a strong liquidity concentration between $3.70 and $4.00. This zone holds billions in liquidation levels, which could act as a magnet if price accelerates higher. If the market begins moving toward these levels, cascading liquidations could amplify upside movement.
Beyond liquidity, Armando noted the presence of a bullish flag pattern on the daily chart. Consolidation has narrowed, and price is now testing the upper boundary of the structure. Such formations typically indicate continuation after a period of pause, suggesting that XRP is approaching a breakout stage.
This technical landscape shows both risk and opportunity. Traders are closely tracking whether current consolidation can resolve to the upside and spark a rally toward the stacked liquidity above $3.70. Until then, the lower boundary of the current range remains an important defensive level for market participants.
Indicators Show Early Momentum Shift
Momentum indicators are starting to show the possibility of a shift in “sentiment”. Armando observed that the MACD is curling higher which reflects a move towards a different area of momentum for the underlying asset. This could potentially play a role in the strength of the price movement for the asset going forward.
The RSI and Stochastic RSI have all started to curl up off of oversold territory. These indicators can be in periods of early recovery phases and of increased buying interest underneath. If price moves above 3.01, this should establish that buyers are starting to take control of the asset.
Taken together, XRP sits at a decisive juncture. Price movement in the coming sessions around $2.94–$3.07 will determine whether the throwback is finishing or remains in continuation mode. If bulls clear the outlined resistance levels, market focus could quickly shift toward the $3.40 and $4.00 regions.
