XRP price has consolidated near $2.80 following a correction that saw the token decline nearly 20% over the past 45 days. The digital asset currently trades within a descending triangle pattern on daily charts.
Market data shows XRP’s open interest dropped from $11 billion to $7.5 billion during this period. This decline reflects reduced speculative exposure in futures markets.
The token’s estimated leverage ratio on Binance has reset to yearly averages. This development reduces the likelihood of cascading liquidations during price corrections.
Technical analyst Dark Defender identifies $3.30 as the critical breakout level for XRP. The analyst uses Elliott Wave theory to map potential price movements.
According to this framework, XRP remains in Wave 2, described as a sideways accumulation stage. A move above $3.30 could signal entry into Wave 3, typically the strongest impulse phase.
Dark Defender projects that Wave 3 could lift XRP toward $5.90 before extending to double-digit levels. These projections rely on Fibonacci extension ratios.
The Masterpiece 11.#XRP is proceeding with its targets, aligning with historical patterns,
Above $3.33, you know what's going to happen.
(NFA)Enjoy! pic.twitter.com/vlTRJ1FXZk
— Dark Defender (@DefendDark) September 3, 2025
The 161.8% Fibonacci level near $1.90 was reached earlier in 2025. The next target sits at the 270.2% level around $3.35, aligning with the current breakout threshold.
If XRP breaks above $3.30, the 261.8% extension projects a medium-term target at $5.90. Longer-term calculations from the 361.8% extension suggest possible resistance near $18.20.
Trader Javon Marks maintains a target of $4.80 for XRP. He notes that prices continue holding above the key $2.47 support level.
At the current state of the market, not much has changed with $XRP's target at $4.80 as its prices continue to hold above a key $2.47 level!
As long as this level holds, prices may only be prepping for another +66% upside… https://t.co/p3S1yTtGfR pic.twitter.com/SPjqtCNVSl
— JAVON⚡️MARKS (@JavonTM1) September 3, 2025
Marks states that as long as this level holds, XRP may be preparing for another 66% upside move.
On-chain indicators show early signs of potential reversal. Net taker volume has moved closer to neutral levels.
Aggregated spot cumulative volume delta has increased, suggesting buyers may be gaining control. This shift indicates holders could be entering accumulation mode.
Futures positioning data supports this view. Aggregated futures CVD has declined while funding rates normalized to quarterly levels.
A fair value gap exists between $2.35 and $2.65 on daily and weekly timeframes. This zone aligns with Fibonacci retracement levels at 0.5 to 0.618 ratios.
If XRP drops below current support at $2.70, this gap zone represents the next area where price reactions are likely.
The current market structure resembles a Q1 fractal pattern that preceded earlier breakouts. If this pattern repeats, XRP could see gains of 60% to 85% in Q4.
The SEC is currently reviewing more than 90 applications for XRP exchange-traded funds. Leveraged XRP futures ETFs received approval in recent weeks.
The post XRP Price Prediction: 3 Metrics Signal Breakout Toward All-Time Highs appeared first on CoinCentral.
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