Summary XRP trades near $2.91 after rebounding from the $2.80–$2.85 demand zone. The supertrend at $3.06 caps rallies, with upside targets at $3.15 and $3.30 if broken. Modest $2.05M net inflow signals caution, offsetting optimism around Ripple’s brand filing. By Jainam Mehta XRP ( XRP-USD ) traded around $2.91 on Thursday, stabilizing after a modest bounce from the $2.80–$2.85 demand zone. The recovery followed a week of fading momentum and lower highs that left price capped beneath layered supply at $2.95–$3.10. Traders remain cautious, as sentiment has improved slightly following renewed attention on Ripple’s legacy trademark, but technical conditions continue to favor a level-to-level market. Technical picture remains fragile The four-hour chart shows XRP moving within a narrow corridor, with Break of Structure (BOS) signals confirming a downtrend through mid-August. The 10,3 Supertrend near $3.06 has acted as dynamic resistance, rejecting multiple attempts at recovery. Until the market secures a close above this level, the bias stays sideways to lower. XRP price dynamics (Source: TradingView) Demand remains active at the bottom of the range. Price probed the $2.80–$2.85 band and respected the “strong low” at $2.74, where long lower wicks signaled dip-buying interest. Still, rallies into $2.99–$3.06 have consistently attracted supply. For bulls, acceptance above $3.06 is critical, as it would open a path to $3.14–$3.15 and then $3.28–$3.32. A sustained move over the $3.38 “weak high” would shift the tone decisively bullish.On the downside, a close below $2.80 risks a retest of $2.74, with failure there exposing $2.70–$2.68. These levels remain the battleground as traders weigh whether range behavior evolves into a directional breakout. Flows and sentiment add nuance Spot flow data show a modest $2.05 million net inflow into exchanges at $2.91, reversing the negative netflows that previously supported XRP by reducing circulating supply. Positive inflows suggest some holders may be preparing to sell into rallies, a cautionary signal near resistance. Sustained negative netflows would be the healthier backdrop for bulls seeking a push through $3.06. News around Ripple’s 2013 filing for the XRP service mark has improved community confidence, highlighting brand protection in financial services. While the filing provides institutional clarity, it does not alter XRP’s regulatory status or immediate technical trajectory. For now, price action continues to reflect liquidity dynamics rather than legal milestones. XRP short-term outlook The short-term base case is continued range trading between $2.80 and $3.06, with whipsaws likely near the midrange at $2.94–$2.98. Conservative traders are waiting for a confirmed close above the Supertrend to press longs toward $3.15 and $3.30. Aggressive bears may fade rallies into $2.99–$3.06, though stops above $3.06 are prudent. In earlier XRP coverage, we emphasized the importance of the $2.74–$2.80 demand zone as the line that defines whether the token maintains constructive footing. That framework remains valid. Unless XRP breaks below this shelf, buyers can continue to defend the structure. A decisive close above $3.06, however, is the real signal needed for bulls to regain broader control. This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer . While we adhere to strict Editorial Integrity , this post may contain references to products from our partners. Original Post
