XRP’s $2.50–$2.90 Backing: Bulls and Bears Battle for Control

XRP is currently trading within a crucial support band between $2.50 and $2.90, a zone that experts view as essential for sustaining a bullish trend. Chart analysis points to a bull flag pattern emerging on the 3-day timeframe, marked by a period of sideways movement after a significant rally in 2025. According to analyst Steph Is Crypto, this setup could signal a continuation of the upward trend if

remains above the important $2.40 support The Market Periodical, [ 1 ]. Fibonacci extension analysis supports this perspective, with initial price objectives at $3.59 and $3.98, and longer-term targets at $5.67 and $6.70 if the breakout accelerates The Market Periodical, [ 1 ].

Dark Defender has identified a falling wedge formation, further strengthening the bullish outlook. XRP has repeatedly bounced off the $2.80 support, while recent pullbacks from $3.13 suggest a possible upward reversal. The daily RSI is trending lower toward oversold levels, which historically precedes accumulation phases and sharp price increases The Market Periodical, [ 1 ]. Analysts are eyeing short-term price targets of $4.17 and $4.92, with the potential to reach $5.85 if the wedge pattern resolves to the upside The Market Periodical, [ 1 ]. October is noted as a pivotal month, coinciding with previous breakout periods in XRP’s history.

There has also been a notable uptick in institutional involvement, as XRP climbed above $3.00 amid surging trading activity. On September 10, trading volumes soared to six times the daily average during a midday rally, and futures open interest rose to $7.94 billion Coindesk, [ 2 ]. This phase of accumulation, led by large trades, points to renewed interest from major players. Analysts highlight a possible breakout from a descending triangle, with projected targets around $3.60 if the momentum continues . Defending the $2.98–$2.99 support area has been crucial, as buyers regained control after encountering resistance near $3.02 .

Recent trading behavior highlights the ongoing battle between buyers and sellers. Although XRP briefly fell below $3.00 in early September, it quickly recovered to hover near $2.85, preserving its overall upward trajectory . Should the price drop below the $2.65–$2.70 range, a correction of 10%–12% could follow, but the 200-day EMA at this level may serve as a support zone. On-chain metrics show net inflows of $8.52 million into spot markets, indicating accumulation by large holders . However, technical signals like the Chaikin Money Flow remain slightly negative, pointing to cautious optimism ahead of a possible rebound .

Looking further ahead, some analysts draw comparisons to Bitcoin’s rally before 2024, noting that XRP is forming a symmetrical triangle on the monthly chart. Egrag Crypto anticipates a breakout by mid-September, based on historical pattern timelines. DustyBC Crypto and XForceGlobal forecast year-end targets between $9 and $20, while more conservative estimates put $3.00 as a short-term milestone . These predictions depend on XRP overcoming the $2.22–$2.40 resistance, which is defined by key moving averages, to challenge its seven-year peak of $3.40 .

Despite the favorable technical indicators, risks persist. If XRP fails to hold the $2.50–$2.90 support, it could enter a deeper consolidation phase near $2.10 The Market Periodical, [ 1 ]. Broader economic factors, such as Federal Reserve decisions and dollar liquidity, are also expected to impact short-term price swings . Experts stress the importance of closing above $3.00 to turn resistance into support, with institutional flows and macroeconomic trends likely to determine the direction of the next significant move.