- XRP price tests $2.8800 support, possibly breaking out above $3.00 resistance.
- XRP volume falls -19.17% as price inches up to $3.00 resistance level.
- XRP price has downward pressure with longs liquidating and support at $2.8800 currently holding.
XRP price has been declining in the past, giving signals of recovery recently. While testing a support area around the $2.8800 level, traders are waiting to see whether XRP will be able to find further bullish momentum to break out of the level around the $3.00 mark. The current price movement is indicative of the fact that a possible break out might occur.
XRP Price Movement and Key Indicators
Since the beginning of August 2025, XRP price has experienced significant trends falling by almost 20% as compared to the previous price of $3.60 to the new one of approximately $2.8800. According to analysts Ali Charts, the $2.8800 support area is crucial, with this holding, a possible bullish reversal could take XRP Price back towards $2.9100 and even above, one major area of resistance to watch is $3.1000. A break above $2.9100 would be a sign of strength, with $3.1000 being the next stop.
Source:Â ali charts/X
The next support for XRP comes in at $2.7950 where the price could find more support if the downtrend is going to continue. The resistance levels of $2.9100 and $3.1000 will most probably be the points where traders may cash in on their gains in XRP price, so it will be critical to monitor XRP price on $2.8800, $2.9100, and $2.7950.
Volume, Open Interest, and XRP Price Sentiment
The recent market data indicate a drop in volume of trading as well as open interest. The trading volume of XRP price has decreased by 19.17%, indicating a loss of market share and possibly a consolidation period. The open interest has gone down by 2.41% indicating that there have been some traders who are liquidating their positions which indicates lack of confidence in the market.
Source: Coinglass
The liquidation data also indicates that a large number of long positions are being liquidated indicating downward pressure. Nevertheless, the position of the market sentiment is in balance, and there are more long positions, but the number of short positions is not very far behind. To carry the price above the $3.00 resistance point, there might need to be increased volume and market conviction to push the price upwards.
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