XRP dipped on high-volume selling, testing support near $2.91. We discuss short-term trade triggers and post-litigation fundamentals.
XRP slipped during today’s session, falling back toward $2.90 after a high-volume selloff that pushed intraday volume to about $273M.
Traders call the move profit-taking within a broader crypto pullback, and on-chain flows show distribution rather than accumulation, raising near-term risk for short-term active traders.
Let’s look at the reasons XRP fell today.
Why XRP Fell Today
Today’s decline reflects three immediate factors. First, traders realized gains after recent legal clarity removed a major overhang when the SEC case concluded in early August with a $125M settlement.
Second, Bitcoin’s pullback from recent highs reduced liquidity and triggered altcoin selling, amplifying pressure on XRP.
Third, exchange flows show a concentrated volume spike near intraday highs that capped rebounds and widened the range, leaving short-term holders exposed. That pattern is typical of distribution days where sellers outnumber buyers from the high end.
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Technical And On-Chain Snapshot Traders Care About
XRP Daily Chart Analysis
On the daily chart, XRP shows strong support around $2.87 – $2.72, a level that was recently tested and held. Importantly, this zone was a former resistance level in July, which has now flipped into support – a classic bullish signal suggesting buyers are defending the trend.
XRP Hourly Chart Analysis
On the hourly chart, XRP is trading below short-term resistance near $3.04, with intraday support around $2.87. Recent price action shows high volume but capped recoveries, signaling distribution rather than accumulation, which weakens near-term rebound potential.
Momentum indicators like RSI and MACD should be watched for confirmation, alongside Bitcoin’s directional cues. For traders, a decisive close above $3.10, ideally on lower volume, would reduce short-term risk and open the door to scaled entries.
A sustained break below $2.85 should trigger tighter stops. Long term XRP investors should track institutional flows and legal updates over months.
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Is XRP A Smart Buy Now?
Regulatory clarity removed a major structural risk after the Ripple vs SEC case resolution, improving XRP’s appeal as a long-term investment.
Short-term profit-taking and macro fragility keep risk elevated. Swing traders should wait for a confirmed hold above $3.10 on falling volume before scaling in.
Longer term investors can use dollar-cost averaging with a stop below $2.70.
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Conclusion: Is XRP Still Bullish?
Yes. While XRP faces short-term resistance, the daily chart remains bullish with support at $2.87 holding firm. On the hourly timeframe, price is consolidating between $2.87 and $3.04, but a decisive breakout above $3.10 could confirm renewed upside momentum. Overall, XRP’s chart structure suggests the broader uptrend remains intact.
For a deeper outlook, read our full XRP price prediction with key targets through 2025 and beyond.
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