- MACD indicator signals a bullish trend for XRP, while the Moving Average shows the opposite
- XRP rebounds in September after August sell-off
XRP (XRP), the native token of Ripple’s payment network, currently holds a market cap of around $176.33 billion, securing its place among the top cryptocurrencies. With a 24-hour trading volume of nearly $5.41 billion, the altcoin’s price movements continue to attract attention as traders watch for clues on its next direction amid ongoing market volatility.
At press time, the altcoin is trading at $2.95, having decreased by 0.19% over the past 24 hours. The price is moving in a bullish trend and is currently testing a resistance level near $2.9987. If it breaks above this, the next target could be $3.2000. On the downside, the support level is around $2.7889. If the altcoin falls below this, we might see a drop towards $2.6000.
The blue line indicates the resistance level at $2.9987, while the yellow line represents the support level at $2.7889.
Also Read: XRP Breaks $3 as Ripple Expands Digital Asset Custody with BBVA in Spain
Analyzing XRP’s Moving Average and MACD
According to the Moving Average chart, the cryptocurrency is currently experiencing a bearish trend with the moving average indicator above the candles at $3.0154. On the other hand, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover, suggesting that the price may continue to increase.
The MACD line above the signal line indicates a bullish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
XRP Rebounds in September After August Sell-Off
In August 2025, the altcoin fell by -8.15%, which means it was a bearish month as the selling pressure surpassed the buying momentum. This shows that there was a weak demand or profit-taking at that time.
Whereas in September 2025, the altcoin experienced a rebound with a +7.08% rise, indicating a recovery. Such a turnaround suggests regained buying interest or bullish market sentiment, perhaps driven by the support of the general cryptocurrency market or news events.
The sharp drop in August was dramatic relative to earlier minor corrections (such as March’s -2.52% or May’s -0.80%). Yet, the September recovery reflects resilience since buyers have entered the market immediately.
If this trend continues, XRP may be setting itself up for a brief bullish phase following the exit of less committed investors in August.
Also Read: XRP Gears Up for a Bullish September: Is $3.50 the Next Stop?
