XRP Faces Turning Point: Fed’s September Call May Trigger Surge to $3.40 or Slide to $2.45

XRP recently revisited the $2.95 support zone amid a broader downturn in the crypto market, with the token trading just above $2.97 after temporarily falling under $3.00. Although there has been some short-term weakness, technical signals still point to a bullish trend. The MACD indicator continues to show positive momentum, and the RSI sits at 55, remaining above the neutral 50 mark and hinting at a possible recovery XRP test key support below $3 as market opens bearish [ 1 ]. Market experts highlight the importance of maintaining the $2.95 level for bullish traders, as a sustained hold could set the stage for

to target $3.40 over the medium term XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 2 ].

Attention among traders has shifted to the Federal Reserve’s rate announcement on September 17. A widely anticipated rate reduction could spark a broader crypto rally, potentially boosting XRP and other leading coins XRP Price Sinks Below $3 — Why You Should Wait Before Buying [ 3 ]. Past trends suggest a breakout is possible if XRP keeps its current formation intact. The coin recently broke out of a descending wedge, followed by a 2.5% increase before the latest drop XRP test key support below $3 as market opens bearish [ 1 ]. Holding above $3.00 could trigger renewed buying, with resistance expected at $3.18 and $3.40 XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 2 ].

Large holders, often referred to as whales, have introduced new uncertainty. According to Santiment, wallets with 10 million to 100 million XRP have collectively reduced their balances by 470 million coins recently, equating to a value of $1.35 billion XRP Price Sinks Below $3 — Why You Should Wait Before Buying [ 3 ]. This distribution has strengthened bearish sentiment, with some market watchers warning of a drop toward $2.45 or even lower than $2.00 if the $2.80 support zone breaks XRP Price Faces September Test Amid Support and Breakout Signals [ 4 ]. The daily chart’s symmetrical triangle breakdown adds to the concern, especially as weak buying interest has limited any strong rebound XRP Price Faces September Test Amid Support and Breakout Signals [ 4 ].

Despite these headwinds, the long-term bullish outlook remains unchanged. On-chain data points to significant accumulation between $2.70 and $3.00, and the Net Holder Position Change has been positive since August 22 XRP revisits $3 support, but data shows bulls still in control [ 6 ]. After a sharp drop in July, the Realized Profit/Loss Ratio has leveled off, suggesting that most selling pressure has been absorbed XRP revisits $3 support, but data shows bulls still in control [ 6 ]. Analysts such as XForceGlobal predict that XRP’s ongoing consolidation within a symmetrical triangle could lead to a breakout toward $4, and if $3.66 is surpassed, further gains up to $6 are possible XRP Price Faces September Test Amid Support and Breakout Signals [ 4 ].

Institutional activity has further boosted optimism. XRP broke past the $3.00 mark on September 10 on the back of record trading volumes driven by institutional investors. The token’s price jumped from $2.96 to $2.99 in a single day, with midday volume hitting six times the average XRP Breakout Fueled by Institutional Flows Targets $3.60 Mark [ 5 ]. Open interest in futures contracts has climbed to $7.94 billion, indicating increased derivatives trading XRP Breakout Fueled by Institutional Flows Targets $3.60 Mark [ 5 ]. If XRP breaks above $3.02, targets may extend to $3.60, in line with Fibonacci extension levels XRP Breakout Fueled by Institutional Flows Targets $3.60 Mark [ 5 ].

The overall market outlook remains mixed. Although XRP has declined 10% over the last week, its relatively low adoption—only about 1 in every 5,000 people hold the token—has led to speculation about its untapped growth prospects XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 2 ]. Analysts like Dark Defender project that if the breakout holds, XRP could reach $4.39 or even $5.85, matching a broader positive setup for the fourth quarter XRP Breaks $3: Is It Still Early to Invest or Too Late? [ 2 ]. On the flip side, a drop below $2.70 could result in a deeper correction, with the 100-day and 200-day simple moving averages between $2.48 and $2.60 offering additional support XRP Faces Downtrend Amid Risk-Off Sentiment and Weak Onchain Activity [ 7 ].

The next few weeks will be crucial for XRP’s direction. A successful defense at $2.95 and a breakout above $3.00 could revive bullish sentiment, while slipping below $2.70 may intensify the downward move. With the Federal Reserve’s decision approaching and robust institutional flows, the market is set for notable price swings.