XRP (XRP) Price Prediction For September 10
The post XRP (XRP) Price Prediction For September 10 appeared on BitcoinEthereumNews.com.
XRP price today is trading at $2.99, holding just below the psychological $3.00 mark after a sharp rebound from $2.88 support. The token’s range remains capped by a descending trendline, with technical compression converging against rising institutional flows and macro optimism. XRP Price Retests Key Resistance XRP price dynamics (Source: TradingView) The 4-hour chart shows XRP testing the $2.99 ceiling over and over again, while buyers protect the $2.88–$2.90 base. A long-term downward trendline from July is still acting as resistance, but recent bullish candles show that the pressure for a breakout is growing. Short-term EMAs (20/50/100) have come together around $2.87–$2.92, which is now a strong area for accumulation. Near $2.87, the Parabolic SAR turned bullish, which added to the upside bias. If momentum goes above $2.99, it will open the way to $3.10 and $3.30 in the near future. Derivatives Data Show Institutional Positioning XRP Derivative Analysis (Source: Coinglass) In the last 24 hours, XRP derivatives trading has gone through the roof. Open interest in futures rose 5.4% to $8.03 billion, and trading volume rose 29% to $6.89 billion. Options activity went up even more, with open interest going up by more than 48%. The long-short ratio across major exchanges is tilted bullish, with Binance top traders showing over three longs for every short. However, liquidation data highlights ongoing two-way volatility, with shorts taking heavier losses during the latest rebound. This positioning suggests institutions are building leveraged exposure ahead of upcoming macro and regulatory catalysts, keeping XRP price volatility elevated. Ripple Rewards Event Adds Market Sentiment Boost Ripple is proud to launch the $XRP Rewards Event, inviting the entire #Ripple community to participate. This program is our token of gratitude to all who stood beside #Ripple during difficult periods. Watch the complete guide to learn how to redeem…
