XRP May Test $2.74 Support in Volatile September as Short-Term Sentiment Weakens

• Support pressure at $2.74 is critical for short-term trend direction.

• On-chain sentiment and funding rates show muted conviction despite positive funding.

• Historical seasonality: September rarely posts >15% gains for XRP; trend favors caution.

XRP September outlook: key support at $2.74 at risk; watch volume and Bitcoin moves for reversal cues. Read analysis and trade-aware takeaways.

What is the XRP September outlook?

The XRP September outlook is cautiously bearish. Price action threatened a daily close below the $2.74 swing low, which would constitute a bearish shift in the 1-day market structure. Short-term indicators (volume, OBV, RSI) support a higher probability of downside toward $2.40 absent renewed buying pressure.

How likely is XRP to break the $2.74 support this week?

Short-term technicals show an elevated risk of a break. Open Interest slid while funding remained positive, indicating position reduction amid falling prices. The 1-day RSI stayed under 50 and OBV trended lower, suggesting selling pressure could drive a test of $2.40 before any recovery.

Key Takeaways

September is likely to be a volatile month for Bitcoin and Ethereum, and hasn’t been XRP bulls’ friend often either. The price action in August was bearish, and the $2.74 support was under threat.

Ripple [XRP] was in danger of closing a daily trading session below the swing low at $2.74. This would mean that the market structure on the 1-day timeframe has made a bearish shift.

It would be an early signal that the next price trend would be bearish for XRP.

Source: Coinalyze

Data from Coinalyze showed that the sentiment was muted in the speculative market. The Funding Rate was positive, but the Open Interest slid lower alongside the prices over the weekend.

This was a sign of bearish short-term sentiment.

Despite the bearish short-term outlook, the altcoin was consolidating at long-term highs. Will XRP fall below $2.74 this week and continue trending lower, or will it defy expectations and climb to $5 next?

Can XRP break the September pattern?

Source: Barchart

Only twice since 2017 has XRP made substantive September gains of more than 15%. By contrast, January, February and July display more consistent positive seasonality. Historical seasonality therefore reduces the odds of a broad market-driven September rally for XRP.

With Bitcoin [BTC] also expected by some analysts to test lower levels this month, XRP bulls may struggle to generate the momentum required to snap a bearish structure.

Source: XRP/USDT on TradingView

The 1-day chart highlights diminishing trading volume and a declining OBV, indicative of distribution. RSI failing to hold above 50 reinforces the risk that market structure could flip bearish if the $2.74 low is lost.

It remains possible XRP collects liquidity below the swing low before reversing, but such a scenario requires a pronounced spike in buying interest or supportive performance from Bitcoin.

Based on current evidence, a conservative near-term projection favors a test of $2.40 over a September rally to $5. A sustained leg higher is more plausible in Q4 2025 if market conditions improve.

How to monitor XRP support and trend shifts?

Follow these steps to gauge trend direction and prepare for potential moves:

1. Watch daily closes around $2.74 for market-structure confirmation.
2. Monitor volume and OBV for accumulation or distribution signals.
3. Track Open Interest and funding rates for derivatives positioning shifts.
4. Use Bitcoin’s direction as a macro sentiment filter for altcoin strength.

Frequently Asked Questions

Will XRP drop below $2.74 and reach $2.40?

Current indicators point to a higher probability of a short-term decline toward $2.40 if the $2.74 swing low is breached. Confirmation requires a daily close below $2.74 and continued low volume with negative OBV.

What would trigger a faster recovery for XRP?

A recovery would likely need a coordinated increase in buying pressure, rising volume, improving OBV, and positive momentum from Bitcoin. Strong on-chain inflows and renewed institutional interest would also accelerate gains.

Summary Table — Short-term vs Long-term Scenarios

Conclusion

The XRP September outlook favors caution: loss of the $2.74 swing low would signal a bearish shift on the daily timeframe, making a move toward $2.40 more likely than an immediate rally to $5. Monitor volume, OBV, Open Interest and Bitcoin’s trend for confirmation. COINOTAG will continue tracking developments and updating this outlook.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.