Analyst warns rejection at $2.90 could lead to a decline toward $2.70, showing the strong lower support zone.
RSI at 43.77 and bearish MACD show weakened momentum, though narrowing gaps hint at possible stabilization ahead.
Trading volumes fell to 7.18M XRP daily, indicating reduced enthusiasm compared to July rally above $3.50.
XRP continues to consolidate after its July rally, with recent market action showing price movement stuck between well-defined support and resistance levels. The token is currently trading near $2.81, slightly above the daily low of $2.81 and just below the session’s high of $2.82
Since the sharp move above $3.50 in mid-July, XRP has entered a cooling phase. Price has struggled to reclaim lost ground, as consolidation between $2.70 and $3.00 has dominated trading since early August.
Resistance Capped Near $2.90 as Key Barrier
The latest chart patterns outline an important zone between $2.88 and $2.90, where resistance has repeatedly stalled upward momentum. According to analyst Ali, a rejection at $2.90 could force XRP to retrace toward $2.70
XRP/USDT 1-day price chart, Source: Ali on X
The psychological barrier at $2.90 has limited upside attempts, with the upper resistance boundary firmly established. Buyers recently pushed price from the $2.78 low recorded on September 1, but progress remains capped under this resistance level.
Support Zones Hold the Market in Balance
On the downside, immediate support is between $2.80 and $2.82, while stronger footing is at $2.70. A decisive break below $2.80 could lead to further pressure toward $2.73 and eventually the $2.70 support
This lower boundary has proven resilient, with broader support extending from $2.69 to $2.70. Market behavior shows that these zones remain the critical battleground, where buyers attempt to counter persistent selling activity.
Technical Indicators Reflect Cooling Momentum
Momentum indicators also highlight reduced strength. The RSI is at 43.77, just under the neutral line of 50. This suggests mild bearish conditions, though not yet oversold. The MACD remains in negative territory, with the MACD line at -0.0087 under both the signal line and zero
XRP/USDT 1-day price chart, Source: TradingView
However, the narrowing gap between the MACD and signal line hints at potential stabilization. Trading volumes have also declined, averaging 7.18 million XRP daily compared to July’s heightened activity.
The technical setup therefore presents two paths. Sustaining above $2.88 could allow a retest of the $2.90 barrier and possibly higher toward $2.92. However, failure to hold above $2.85–$2.88 raises the probability of a return to $2.80 and deeper correction levels.
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Analyst Warns XRP Could Retreat to $2.70 if $2.90 Resistance Holds
Analyst warns rejection at $2.90 could lead to a decline toward $2.70, showing the strong lower support zone.
RSI at 43.77 and bearish MACD show weakened momentum, though narrowing gaps hint at possible stabilization ahead.
Trading volumes fell to 7.18M XRP daily, indicating reduced enthusiasm compared to July rally above $3.50.
XRP continues to consolidate after its July rally, with recent market action showing price movement stuck between well-defined support and resistance levels. The token is currently trading near $2.81, slightly above the daily low of $2.81 and just below the session’s high of $2.82
Since the sharp move above $3.50 in mid-July, XRP has entered a cooling phase. Price has struggled to reclaim lost ground, as consolidation between $2.70 and $3.00 has dominated trading since early August.
Resistance Capped Near $2.90 as Key Barrier
The latest chart patterns outline an important zone between $2.88 and $2.90, where resistance has repeatedly stalled upward momentum. According to analyst Ali, a rejection at $2.90 could force XRP to retrace toward $2.70
XRP/USDT 1-day price chart, Source: Ali on X
The psychological barrier at $2.90 has limited upside attempts, with the upper resistance boundary firmly established. Buyers recently pushed price from the $2.78 low recorded on September 1, but progress remains capped under this resistance level.
Support Zones Hold the Market in Balance
On the downside, immediate support is between $2.80 and $2.82, while stronger footing is at $2.70. A decisive break below $2.80 could lead to further pressure toward $2.73 and eventually the $2.70 support
This lower boundary has proven resilient, with broader support extending from $2.69 to $2.70. Market behavior shows that these zones remain the critical battleground, where buyers attempt to counter persistent selling activity.
Technical Indicators Reflect Cooling Momentum
Momentum indicators also highlight reduced strength. The RSI is at 43.77, just under the neutral line of 50. This suggests mild bearish conditions, though not yet oversold. The MACD remains in negative territory, with the MACD line at -0.0087 under both the signal line and zero
XRP/USDT 1-day price chart, Source: TradingView
However, the narrowing gap between the MACD and signal line hints at potential stabilization. Trading volumes have also declined, averaging 7.18 million XRP daily compared to July’s heightened activity.
The technical setup therefore presents two paths. Sustaining above $2.88 could allow a retest of the $2.90 barrier and possibly higher toward $2.92. However, failure to hold above $2.85–$2.88 raises the probability of a return to $2.80 and deeper correction levels.
The post Analyst Warns XRP Could Retreat to $2.70 if $2.90 Resistance Holds appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.