Key Takeaways:
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XRP failed to hold $ 3.12 and face immediate resistance to $ 3.30.
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Onchain data shows strong accumulation between $ 2.70 to $ 3.00.
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Chart charts suggest a potential 60% -85% rally in Q4 remains valid.
XRP (XRP) posted a 18% rally in the first half of September, up $ 3.18 from $ 2.70. However, the token failed to break the $ 3.20 mark, which denied the four -hour justification amount of fairly on the seller’s side and slipped to assess the support of $ 3.
Following the interest rate of the Federal Reserve on Wednesday, the XRP was not registered by a higher than $ 3.18, extending short -term weakness, which lined up another $ 3 retest. Altcoin also struggles to maintain its walking above the 50-day simple transfer of average (SMA), increasing additional sale pressure at a near momentum.
Futures Traders Dom Highlighting The Bulls inability to hold the level of $ 3.12 earlier this week, which he identified as a major place for continuity towards $ 3.30. The trader said:
“The Bulls failed to hold $ 3.12 place earlier on the week, I said the challenge for a push for $ 3.30. That idea remains, with all eyes on the level that is being supported (fighting now). There is no big passive resistance to order books up to ~ $ 3.30 target area.”
It leaves $ 3.30 as an immediate objection, with bulls that need to get $ 3.18 for any significant continuity to be higher.
Related: The chainlink sees the best performance since 2021 as a cup target-and-hold the $ 100 link
Why the Bullish plan of XRP remains intact
Despite short-term setbacks, the broader market signals point to the sustainable bullish momentum for XRP. Onchain data shows that the net holder’s position change has been strongly positive since August 22.
This shift followed a stretch of red between July and early August, which at the same time earning income at a higher level. The accumulation is most bright at $ 2.70- $ 3, indicating that investors are positioning for upside down instead of exiting the market.
Similarly, the realized ratio of income/loss emphasizes a move phase. July saw the heaviest earnings of the cycle, which triggered the subsequent decline. Since then, the ratio has fallen but has increased dramatically recently, its strongest increase since November 2024.
This indicates that most of the previous sale of pressure is absorbed, with new cohorts of investors likely entering the market. In conjunction with the accumulation of net holders, these indicators reflect a constructive long -term backdrop.
Repeated -repeating XRP fractal market Stays Another bullish anchor. The Q1 structure is aligned with the current Q3’s current, with a $ 2.70 low in conjunction with the Fibonacci Golden Pocket (0.5-0.618).
This fractal indicates that the XRP complies with the expected pattern of rotation, which sets the stage for a potential 60-85% rally in Q4. Based on this projection, XRP can reach a range of $ 5.00- $ 5.50 from the current level of $ 3.
Related: XRP Price ‘Gearing Up’ for Breakout: Why Next Target is $ 15
