XRP price is showing early-week weakness, trading near the hourly support at $2.92; a decisive close below $2.92 could trigger a drop toward $2.50–$2.70, while a hold above $3.00 would keep upside targets intact.
-
Current short-term support: $2.92 — watch for a close below to confirm further losses.
-
Immediate resistance and interim zone: $3.00–$3.10; reclaiming this area would ease bearish pressure.
-
Data snapshot: XRP trades at $2.9481 at press time; hourly chart shows momentum favoring sellers.
XRP price update: short-term support at $2.92, downside risk to $2.50–$2.70 if bears persist — read the full technical outlook and trade cues. (COINOTAG)
Most of the coins are in the red zone on the first day of the week, according to CoinStats.
Top coins by CoinStats
What is the current XRP/USD short-term outlook?
XRP price is testing local hourly support at $2.9209 and is trading at $2.9481 at press time. A confirmed hourly or daily close below $2.9209 would increase the probability of a move toward the $2.50–$2.70 support band, while holding above $3.00 maintains potential for a recovery.
How strong is the $2.92 support and what if it breaks?
On the hourly chart, $2.9209 functions as immediate support with clustered bids below current price. If sellers push price through that level and a daily bar closes below it, momentum suggests a test of $2.80–$2.85, and extended pressure could reach $2.50–$2.70.
Image by TradingView
When would upside targets become likely again?
Upside conviction requires reclaiming the interim $3.00 area on sustained volume. A clean break above $3.10–$3.20 with higher timeframe confirmation would shift the bias back to bulls and open targets near prior resistance levels.
Image by TradingView
On the longer time frame, the rate of the altcoin remains distant from major trend-defining levels. Traders should monitor the interim $3.00 area closely: a daily close below it increases downside risk to $2.7387 and beyond.
If the daily bar closes below it, one can witness a further decline to the support of $2.7387.
Image by TradingView
Why does the midterm chart favor support over resistance?
From a midterm perspective, the price is nearer the support band than the resistance envelope. This skews risk toward the downside until the market demonstrates sustained strength above the $3.00 interim area.
Frequently Asked Questions
What immediate levels should traders watch for XRP?
Watch $2.9209 as short-term support and $3.00–$3.10 as immediate resistance. A close below $2.92 raises the probability of moves into $2.50–$2.70 over the coming sessions.
How can I interpret hourly vs daily signals?
Hourly breaches show short-term momentum; daily closes confirm trend shifts. Use hourly for entries and daily for confirmation to reduce false breakouts.
Key Takeaways
- Short-term risk: Price near $2.92 support — a close below increases downside probability.
- Interim resistance: $3.00–$3.10 must be reclaimed for bulls to regain control.
- Actionable insight: Use daily closes for confirmation; manage risk toward $2.50–$2.70 if support fails.
Conclusion
This technical update shows XRP price under pressure near critical short-term support at $2.9209. Traders should prioritize daily closes for confirmation and set risk parameters for a potential move to $2.50–$2.70. Monitor volume and the $3.00 level for early evidence of a reversal. — COINOTAG, published 2025-08-25.
