XRP Could Test $2.95 Near Term and Potentially Rise Toward $3 If Buyers Reclaim Key Levels

• Intraday resistance: $2.8496

• Midterm pivot and false breakout observed at $2.7280

• Current price: $2.8424; a weekly close away from $2.7280 favors buyers

XRP price update: XRP/USD trading at $2.84 after slight pullback; read technical levels and next steps. Stay informed with COINOTAG.

What is the latest XRP price movement and outlook?

The latest XRP price data shows a small 0.09% decline over 24 hours, with XRP/USD at $2.8424 at press time. Intraday resistance sits at $2.8496; a decisive daily close above $2.8693 would increase the probability of testing $2.95 and potentially $3.00 within the short term.

The prices of some of the coins are rising today, while others remain in the red zone, according to CoinStats.

XRP chart by CoinStats

How is XRP reacting on the hourly chart?

On the hourly chart, the rate of XRP is near the local resistance of $2.8496. With most of the daily ATR already consumed, the market shows reduced volatility for the next 24 hours. Traders should watch for a clear hourly close above resistance or a rejection that may lead to short-term consolidation.

Image by TradingView

Why does the midterm chart suggest a potential buyer resurgence?

On the longer time frame, buyers are attempting to reassert control after yesterday’s bearish close. A false breakout was recorded near the $2.7280 level, and if the weekly bar closes well above that mark, momentum could shift in favor of bulls, targeting a local rise toward the $3.00 psychological level.

Image by TradingView

If the candle closes above it, there is a chance to see a test of the $2.95 mark.

Image by TradingView

From the midterm point of view, the rate of XRP has made a false breakout of the $2.7280 level. If the weekly bar closes far from that mark, buyers may seize the initiative, which may lead to a local rise to the $3 mark.

XRP is trading at $2.8424 at press time.

When should traders expect a clearer directional move?

Traders should wait for a confirmed daily or weekly close outside the highlighted levels. A daily close above $2.8693 supports a breakout scenario; conversely, a sustained break below $2.7280 would favor further downside. Volume confirmation on close is essential for conviction.

Frequently Asked Questions

What key levels are traders watching for XRP today?

Traders are watching intraday resistance at $2.8496, the nearby level $2.8693 for a breakout confirmation, and midterm support around $2.7280. A weekly close away from $2.7280 favors bulls.

How can I interpret the false breakout on XRP?

A false breakout near $2.7280 indicates a rejection of lower prices and potential accumulation. If follow-through buying appears and weekly closes stay above the level, downside risk decreases and bullish momentum may return.

Key Takeaways

• Current price: XRP/USD at $2.8424 — minor 0.09% 24h decline.
• Critical resistance: $2.8496; breakout confirmation above $2.8693 targets $2.95–$3.00.
• Midterm pivot: False breakout at $2.7280; weekly close above this level would favor buyers.

Conclusion

This technical update on XRP price shows a market hovering near resistance with a midterm false breakout that could pivot direction depending on weekly closes. Monitor $2.8693 and $2.7280 for decisive signals. COINOTAG will continue to track price action and provide timely updates.

Published: 2025-09-05 · Updated: 2025-09-05 · Source data: CoinStats, TradingView (mentioned as plain text).