The price of XRP is in a decisive stage in its price cycle, with traders watching closely if the token manages to finish up its throwback phase or continues the correction. A close above the conviction level of $2.94, followed by a breakout above the 33-day simple moving average resistance line at $3.01, would show early hints of bull control, noted market watcher EGRAG CRYPTO.
A confirmation above $3.07, aligned with the 55 SMA, would strengthen this outlook. According to EGRAG, the real “Go-Go Signal” comes only with a surge to $3.40, which could confirm the next leg higher. Weakness around $2.94 to $3.00, however, would suggest the throwback continues.
Also Read: XRP’s Symmetrical Triangle Pattern Signals Potential Surge Towards $3
Currently, the price of XRP stands at $2.93, supported around the Fibonacci 0.382 level of $2.99. The formation of price is showing indecision after rejection at $3.66 during the earlier part of the cycle. Importantly, XRP remains above the 20-week SMA line at $2.63, sustaining a bigger picture configuration bullish in the face of near-term selling.
The first support is between $2.90 and $2.63, and stronger support is at $2.29 and $1.77, levels that are underscored by steeper Fibonacci retracement lines. The upside resistance is within $2.99 and $3.17, and a break point on the upside is at $3.66. That could be violated on a close above it, creating potential moves into the area of $4.
The RSI continues at 56.78, neutral but steady above 50, showing balanced momentum. The MACD is trending neutral, and Bollinger Bands are tightening in a range from $2.93 to $2.63, usually a harbinger of volatility in store. The Ichimoku Cloud also shows indecision, but XRP remains above its baseline, and the bulls are nevertheless busy.
September’s forecast relies on a continued strength above $2.90 in XRP. A breakout through $3.17 would stage a test at $3.66, and a move through the latter could extend the rally into the $4.20 to $4.50 area. These targets align with Fibonacci extensions and chart resistance areas.
To its disadvantage, a miss above $2.63 would cause XRP to fall sharply down towards $2.29. A steeper correction towards $1.77 could be realized only in case Bitcoin falls drastically.
The highest probability, however, is prolonged September consolidation within the price range of $2.63 and $3.17. The range forecasts accumulation before a breakout in the fourth quarter of 2025.
Also Read: XRP Breakout Looms: Can Bulls Drive Price Beyond $3.40?
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