{"id":96178,"date":"2025-09-12T18:00:13","date_gmt":"2025-09-12T18:00:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=96178"},"modified":"2025-09-12T18:00:13","modified_gmt":"2025-09-12T18:00:13","slug":"xrp-price-gets-tighter-heres-the-level-keeping-it-from-price-discovery","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=96178","title":{"rendered":"XRP Price Gets Tighter: Here\u2019s The Level Keeping It From Price Discovery"},"content":{"rendered":"

XRP is now back trading above $3 <\/a>and is holding well above the price level. This is on the back of days of consolidating around $2.8. Although price action in the past 24 hours has seen XRP trading back above $3, it is yet to confirm a close to solidify the zone. Against this backdrop, <\/a>technical analysis of the XRP 4-hour candlestick timeframe chart shows a critical level that could determine whether XRP finally breaks free into price discovery.<\/p>\n

Resistance Keeping XRP From Price Discovery<\/h2>\n

Although the XRP price is currently inching slowly upwards, technical analysis shows it is yet to break above a technical resistance keeping it from price recovery.<\/a> According to a technical analysis of the XRP 4-hour candlestick timeframe chart that was posted<\/a> on the social media platform X by CoinsKid, XRP\u2019s movement in August was capped by a resistance line at $3.3774. This resistance is represented with the white trendline in the price chart below.<\/p>\n

The importance of this line goes beyond short-term price action. As it stands, this resistance barrier has effectively become the gatekeeper between XRP\u2019s current price action and the possibility of a major breakout for price discovery<\/a> into new all-time highs.\u00a0<\/p>\n

According to the analyst, clearing this line would mark the point at which XRP could enter price discovery, a stage where there are no previous highs to serve as reference points. Until that happens, XRP is expected to continue oscillating within its established range, with $2.7346 acting as the lower white support line on the chart.<\/p>\n

Possible Shakeout Before The Break<\/h2>\n

Although XRP has managed to hold above notable price points around $2.8 during its most recent corrections, there\u2019s always the possibility of a strong downside move<\/a>. CoinsKid also noted that a final shakeout could take place before any bullish breakout occurs.\u00a0<\/p>\n

This shakeout could see the sellers gain temporary momentum and cause the XRP price to break below $2.8 and crash to lower price levels. In this case, the analyst pointed to the orange support trendline at $2.3375 as a possible level that XRP might retest in such a shakeout.<\/p>\n

CoinsKid linked this possibility to September, earning the reputation <\/a>of being rektember during bull cycles. However, this September might be different, considering the current dynamics<\/a> of the crypto market.\u00a0<\/p>\n

At the time of writing, XRP is trading at $3.06, up by 1.8% in the past 24 hours. The analyst noted that XRP\u2019s macro structure will be bullish as long as it holds above the green line at $1.9061. This long-term support has so far underpinned the rally that began in late June.<\/p>\n

XRP is already up by about 10% from its September open, but it could possibly perform better in the later part of the month. The probability of a Fed rate cut <\/a>in September is now above 97%, and this could play into a bullish run for XRP and many other large market-cap cryptocurrencies.<\/p>","protected":false},"excerpt":{"rendered":"

XRP is now back trading above $3 and is holding well above the price level. This is on the back of days of consolidating around $2.8. Although price action in the past 24 hours has seen XRP trading back above $3, it is yet to confirm a close to solidify the zone. Against this backdrop, […]<\/p>\n","protected":false},"author":0,"featured_media":96179,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96178"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96178"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96179"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}