XRP Price Today: Can XRP Hold $2.90 As Price Compression Tightens?
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The price of XRP is holding steady around $2.92 today after a period of volatility that saw it drop to $2.85 and then quickly rise again. Sellers have consistently limited the price increase to around $3.05, creating a narrowing wedge pattern as volatility diminishes. Spot inflows show a small net gain of $20.9 million on August 26, which suggests that dip buyers are carefully entering the market even though it is generally weak.
What’s Happening With XRP’s Price?
On the 4-hour chart, XRP continues to trade inside a descending channel, with price currently mid-range between $2.85 support and $3.05 resistance. The Bollinger Bands remain wide, with price leaning toward the lower half of the bands, signaling pressure but also room for rebound if liquidity builds. On-Balance Volume has stabilized around 3.23B, showing no significant exodus despite recent downside.
Volume Profile shows heavy activity near $2.66, which remains a strong accumulation base if current levels break down. The daily Fibonacci retracement highlights $3.08 (0.382) as the key upside level to reclaim, while…
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