🌟 Get 10 USDT bonus after your first fiat deposit! 🌟 🌟 Get 10 USDT bonus after your first fiat deposit! 🌟 🌟 Get 10 USDT bonus after your first fiat deposit! 🌟 🌟 Get 10 USDT bonus after your first fiat deposit! 🌟

XRP Continues Downward Trend – Could a Major Drop Be Imminent?

In the world of cryptocurrency, volatility is often the norm, but XRP’s recent price movements have traders particularly jittery. As of September 1, 2025, XRP is grappling with a significant downturn, slipping below crucial support levels and sparking concerns about a potential deeper crash.

XRP’s Bearish Tumble

XRP, the digital asset of Ripple, is facing a downturn that has seen its price fall below $2.80, a key support zone, and the 100-hourly Simple Moving Average. This decline echoes a broader trend within the crypto markets, with even giants like Bitcoin and Ethereum experiencing similar bearish pressures. According to Kraken data, a bearish trend line is forming resistance around $2.80 on the hourly chart of the XRP/USD pair. Traders are watching closely, as maintaining this position below $2.85 could spell further declines. This trend is part of a larger market movement, as detailed in our recent article on Crypto Liquidations Top $500 Million as Bitcoin, Ethereum and XRP Sink Into the Weekend.

“The market is showing signs of fatigue,” explains crypto analyst Jordan Meyers. “XRP’s inability to hold above $3.00 is a psychological blow, and unless bulls can reclaim that territory, the outlook remains bleak.”

Key Support and Resistance Levels

XRP’s price trajectory is now a delicate dance between support and resistance. After dipping to a low of $2.738, the asset is attempting to consolidate its losses. However, the path forward is fraught with hurdles. The $2.80 level, a crucial resistance point, is proving challenging to overcome. Should XRP manage to break past $2.82, it might see a glimmer of hope, potentially pushing toward the $2.90 mark. Yet, this is contingent upon a sustained move above the $2.85 resistance.

On the flip side, failure to breach the $2.82 resistance could lead to further descent. “We’re looking at initial support near $2.72, but if that gives way, the $2.65 level becomes critical,” notes Meyers. Below this, the $2.50 zone looms large as a potential floor, where bears might gain further momentum.

Market Sentiment and Technical Indicators

The current market sentiment is one of cautious pessimism. The hourly MACD for XRP/USD is picking up pace in the bearish zone, while the RSI lingers below 50, underscoring the prevailing downtrend. These technical indicators suggest that unless there’s a swift shift in momentum, XRP may continue its downward journey. For a broader perspective on market sentiment, see our coverage of XLM Declines 8% as Institutional Investors Retreat Amid Market Uncertainty.

Adding to the complexity, external factors such as regulatory developments and macroeconomic conditions could further influence XRP’s path. The crypto market, known for its sensitivity to news, might react unpredictably to any new developments.

Looking Ahead

The coming weeks are pivotal for XRP. Traders are eyeing the $3.00 mark as a major hurdle—conquering it could restore some bullish confidence. Yet, the road ahead is unclear, with potential pitfalls at every turn. Will XRP find the strength to rally, or is a deeper plunge on the horizon?

As the market unfolds, investors are advised to tread carefully. “Volatility is the only certainty in this market,” Meyers warns. “It’s crucial to stay informed and be prepared for any scenario.”

In the ever-evolving landscape of cryptocurrency, XRP’s current predicament serves as a reminder of the unpredictable nature of digital assets. For now, the crypto community waits—watchful and wary of what comes next.

Source

This article is based on: XRP Price Declines Further – Is a Bigger Crash on the Horizon?

Further Reading

Deepen your understanding with these related articles:

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top