XRP: Steadies Near $3 As Traders Test Critical Resistance (Technical Analysis)

Summary XRP reclaims all major EMAs, building support above $2.90. $21.6M in exchange inflows show renewed trader ￰0￱ at $3.05 remains the key breakout ￰1￱ Jainam Mehta ​XRP ( XRP-USD ) is regaining traction after weeks of pressure, trading just under $3.00 while testing a descending trendline that has capped its rallies since late ￰2￱ move comes as on-chain data shows renewed exchange inflows, suggesting traders are positioning for a decisive breakout ￰3￱ the 4-hour chart, XRP has rebounded strongly from the $2.75 zone, reclaiming all major exponential moving averages (20, 50, 100, and 200 EMA). These averages now converge between $2.90 and $2.94, creating a critical support cluster for maintaining bullish ￰4￱ price dynamics () The immediate hurdle is the $3.00–$3.05 region, which aligns with the descending trendline and a dense supply zone.

A successful breakout above this level would mark a reversal of the medium-term downtrend, opening the path to $3.15 and $3.30. Failure to clear resistance could bring sellers back into play, pushing price toward $2.90 or even $2.75. Exchange flows signal renewed appetite On-chain data highlights the importance of this ￰5￱ reported $21.62 million in net spot inflows on September 10, a notable shift from the steady outflows that dominated ￰6￱ inflows suggest speculative positioning around the $3 threshold, with traders preparing for either an upside extension or a rejection-driven ￰7￱ indicators are cautiously ￰8￱ RSI has improved to 59, showing strengthening momentum without signaling overbought conditions.

Meanwhile, higher lows since early September reinforce the view that buyers are steadily building demand ahead of a potential ￰9￱ hinges on resistance test In the near term, XRP’s ability to hold above the $2.90 EMA cluster will be ￰10￱ above this zone could provide the springboard for a break through $3.05, a move that would likely shift sentiment decisively bullish. Conversely, losing the cluster risks reigniting bearish pressure and undermining the recovery ￰11￱ $3.00–$3.05 level remains the ￰12￱ will be watching whether inflows continue and volume expands, as these would confirm that the recovery is more than a speculative ￰13￱ noted in earlier coverage , XRP has often struggled with sustaining rallies when institutional momentum ￰14￱ the BBVA custody deal recently strengthening the token’s European footprint, investors now want to see if technical resilience aligns with growing utility ￰15￱ material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our ￰16￱ we adhere to strict Editorial Integrity , this post may contain references to products from our ￰17￱ Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.