XRP price currently stands at around $2.94, fluctuating in range after summer shifts. Investors are watching movements around key levels.
Current Market Situation of XRP
Since mid-August, XRP price has been oscillating between a support level at $2.80 and resistance just under $3.00. The current trading volume is approximately 510 million USDT, significantly lower than the volumes seen when XRP peaked at $3.66. There is no clear pressure from either buyers or sellers, and the market remains cautious.
XRP Chart Analysis
The daily chart shows that XRP hit a peak of $3.66 in July, then pulled back to $2.80 in August. This support level continues to hold. The price is currently hovering just under $3.00, and if buyers can push through with solid volume, the next targets could be $3.30-$3.35.
Short-Term Outlook for September 10
Today's trading focus is on $3.00 and $2.80. If XRP can break through $3.00 with real momentum, it may continue to move upwards. However, if the $2.80 level is breached, it could drop back towards $2.20.
XRP is currently in a waiting state. Traders are watching volumes to determine the next move. Actions around $3.00 will help indicate whether XRP is gearing up for another push or preparing to retest summer lows.
