What’s Ahead for XRP as Price Consolidates Under $3 Amid Narrowing Triangle

XRP is consolidating just under the $3 mark, as a narrowing descending triangle pattern signals cautious sentiment among traders. A confirmed break above $2.92 resistance could push prices toward $3.00–$3.30, while repeated rejections may reinforce the ceiling and invite renewed selling pressure.

Price Action Summary
On Monday, XRP climbed from $2.83 to $2.88, briefly testing $2.92 on six times the average volume. Bulls defended $2.86 support, but repeated resistance at $2.90–$2.92 capped upward momentum. Across September 7–8, XRP moved within a $0.10 range, up roughly 3%.

The key breakout occurred at 14:00 (Sept 7), when the price jumped from $2.85 to $2.92 on 231.25M volume, roughly six times the 24-hour average. The final hour saw a mild pullback to $2.87, with a 2.1M volume spike signaling short-term profit-taking.

Market Context

Fed rate cut expectations remain near 100% for the September 17 meeting, supporting institutional inflows.
Rising U.S.-China trade tensions have boosted crypto risk flows.
Onchain data flagged a +10M XRP net buy pressure in 15 minutes during the breakout.
Analysts remain split: weekly charts show bearish divergence, while some projections target $4.50.

Technical Overview

Trading Range: $2.83–$2.92 (4% intraday volatility)
Support: $2.86 defended across multiple retests
Resistance: $2.90–$2.92 remains a ceiling
Indicators: RSI mid-50s, MACD histogram approaching bullish crossover
Pattern: Descending triangle under $3.00; breakout above $3.30 could extend targets to $4.00–$4.50

Key Factors for Traders

Fed Meeting (Sept 17): Rate guidance surprises could influence liquidity and crypto flows.
Whale Accumulation: 340M XRP accumulated recently; continued buying could support the floor.
SEC XRP ETF Rulings (October): Approval could trigger institutional inflows; delays or rejections may cap momentum near $3.00.

Traders are watching closely whether XRP can sustain a breakout above resistance or remain confined under the descending triangle, shaping the next directional move.