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XRP recovers as the key support level holds: check forecast
Sep, 29, 2025
2 min read
by Hassan Maishera
for Invezz
The crypto market has seen improved performance over the last 24 hours after a bearish weekend.
Bitcoin, Ethereum, and Ripple (XRP) are showing signs of stabilization and recovery.
The three major cryptocurrencies are holding above key support levels after recent declines.
Bitcoin is approaching the $112k level, while Ether is now trading above $4,100 per coin.
XRP is finding its footing and could be heading to a critical support level if the market momentum remains bullish.
XRP tops $2.8 as short traders suffer losses
XRP, the native coin of the Ripple ecosystem, has outperformed Bitcoin and Ether, after adding 2.6% to its value in the last 24 hours.
The positive performance allowed XRP to reclaim the $2.85 mark after dropping to the $2.69 support level over the weekend.
The coin’s rally also comes as the broader crypto market starts a new week bullish for the first time in nearly six weeks.
XRP retested the $2.68 support level on Friday following the release of the PCE data.
Personal Consumption Expenditures (PCE) index, which is the Fed’s preferred measure of inflation, rose 2.7% year-over-year in August, while core PCE excluding food and energy climbed 2.9%.
The PCE inflation data matched analyst expectations, suggesting that the Fed could likely balance sticky inflation with a softer labour market condition.
There are two more FOMC meetings before the end of the year, with analysts expecting at least one more rate cut.
However, Fed Chair Jerome Powell stated last week that the apex bank has to approach the interest rate policy with caution as inflation is still not where they want it to be.
The PCE data sent the crypto market into a bearish performance, with XRP dropping to the $2.69 level on Friday.
The ongoing recovery could allow the cryptocurrency to rally higher in the near term, with the $3.0 resistance level a crucial target.
The positive performance also resulted in heavy losses for short traders in the last few hours.
XRP eyes $3.0 as bearish momentum slowly fades
The XRP/USD 4-hour chart is showing signs of fading bearish momentum.
XRP’s price dropped by 6% on Friday after retesting its daily resistance level at $2.93 on Thursday.
However, with the $2.68 support level holding, XRP added over 2.5% to its value in the last 24 hours and is now trading at $2.85 per coin.
The Relative Strength Index (RSI) now reads 57, suggesting that the recent bearish momentum is fading.
The MACD lines also crossed into the bullish zone, indicating that buyers are slowly regaining control of the market.
If the positive performance continues and XRP closes above the $2.93 resistance level, it could extend its rally and surge towards the TLQ at $3.0 over the next few hours.
However, failure to close above the next resistance level could see XRP decline towards the daily support at $2.72 once again.
The post XRP recovers as the key support level holds: check forecast appeared first on Invezz
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XRP recovers as the key support level holds: check forecast
Sep, 29, 2025
2 min read
by Hassan Maishera
for Invezz
The crypto market has seen improved performance over the last 24 hours after a bearish weekend.
Bitcoin, Ethereum, and Ripple (XRP) are showing signs of stabilization and recovery.
The three major cryptocurrencies are holding above key support levels after recent declines.
Bitcoin is approaching the $112k level, while Ether is now trading above $4,100 per coin.
XRP is finding its footing and could be heading to a critical support level if the market momentum remains bullish.
XRP tops $2.8 as short traders suffer losses
XRP, the native coin of the Ripple ecosystem, has outperformed Bitcoin and Ether, after adding 2.6% to its value in the last 24 hours.
The positive performance allowed XRP to reclaim the $2.85 mark after dropping to the $2.69 support level over the weekend.
The coin’s rally also comes as the broader crypto market starts a new week bullish for the first time in nearly six weeks.
XRP retested the $2.68 support level on Friday following the release of the PCE data.
Personal Consumption Expenditures (PCE) index, which is the Fed’s preferred measure of inflation, rose 2.7% year-over-year in August, while core PCE excluding food and energy climbed 2.9%.
The PCE inflation data matched analyst expectations, suggesting that the Fed could likely balance sticky inflation with a softer labour market condition.
There are two more FOMC meetings before the end of the year, with analysts expecting at least one more rate cut.
However, Fed Chair Jerome Powell stated last week that the apex bank has to approach the interest rate policy with caution as inflation is still not where they want it to be.
The PCE data sent the crypto market into a bearish performance, with XRP dropping to the $2.69 level on Friday.
The ongoing recovery could allow the cryptocurrency to rally higher in the near term, with the $3.0 resistance level a crucial target.
The positive performance also resulted in heavy losses for short traders in the last few hours.
JUST IN: $75,000,000 worth of crypto shorts liquidated in the past 60 minutes.
XRP eyes $3.0 as bearish momentum slowly fades
The XRP/USD 4-hour chart is showing signs of fading bearish momentum.
XRP’s price dropped by 6% on Friday after retesting its daily resistance level at $2.93 on Thursday.
However, with the $2.68 support level holding, XRP added over 2.5% to its value in the last 24 hours and is now trading at $2.85 per coin.
The Relative Strength Index (RSI) now reads 57, suggesting that the recent bearish momentum is fading.
The MACD lines also crossed into the bullish zone, indicating that buyers are slowly regaining control of the market.
If the positive performance continues and XRP closes above the $2.93 resistance level, it could extend its rally and surge towards the TLQ at $3.0 over the next few hours.
However, failure to close above the next resistance level could see XRP decline towards the daily support at $2.72 once again.
The post XRP recovers as the key support level holds: check forecast appeared first on Invezz
Read More