Summary XRP reclaims all major EMAs, building support above $2.90. $21.6M in exchange inflows show renewed trader appetite. Resistance at $3.05 remains the key breakout test. By Jainam Mehta XRP ( XRP-USD ) is regaining traction after weeks of pressure, trading just under $3.00 while testing a descending trendline that has capped its rallies since late July. The move comes as on-chain data shows renewed exchange inflows, suggesting traders are positioning for a decisive breakout attempt. On the 4-hour chart, XRP has rebounded strongly from the $2.75 zone, reclaiming all major exponential moving averages (20, 50, 100, and 200 EMA). These averages now converge between $2.90 and $2.94, creating a critical support cluster for maintaining bullish momentum. XRP price dynamics (Source: TradingView) The immediate hurdle is the $3.00–$3.05 region, which aligns with the descending trendline and a dense supply zone. A successful breakout above this level would mark a reversal of the medium-term downtrend, opening the path to $3.15 and $3.30. Failure to clear resistance could bring sellers back into play, pushing price toward $2.90 or even $2.75. Exchange flows signal renewed appetite On-chain data highlights the importance of this juncture. Coinglass reported $21.62 million in net spot inflows on September 10, a notable shift from the steady outflows that dominated August. These inflows suggest speculative positioning around the $3 threshold, with traders preparing for either an upside extension or a rejection-driven pullback. Momentum indicators are cautiously supportive. The RSI has improved to 59, showing strengthening momentum without signaling overbought conditions. Meanwhile, higher lows since early September reinforce the view that buyers are steadily building demand ahead of a potential breakout. Outlook hinges on resistance test In the near term, XRP’s ability to hold above the $2.90 EMA cluster will be crucial. Consolidation above this zone could provide the springboard for a break through $3.05, a move that would likely shift sentiment decisively bullish. Conversely, losing the cluster risks reigniting bearish pressure and undermining the recovery effort. The $3.00–$3.05 level remains the battleground. Traders will be watching whether inflows continue and volume expands, as these would confirm that the recovery is more than a speculative bounce. As noted in earlier coverage , XRP has often struggled with sustaining rallies when institutional momentum fades. With the BBVA custody deal recently strengthening the token’s European footprint, investors now want to see if technical resilience aligns with growing utility demand. 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 Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
