XRP Price Alert: Analysts Predict $2.90 Key Support Level is About to be Tested

On September 22, the trading price of Ripple (XRP) was $2.96, falling 1.38% in the past 24 hours, with a volume of $4 billion. Despite positive news from the listing of the XRP ETF in the United States, it has retreated after reaching $3.10 earlier this week. Professional analysts warn that XRP may retest the key support level of $2.90, while technical charts show a mix of cautious sentiment and investment opportunities.

Analysts Warn: XRP Faces Further Pullback Risks

Market strategist Casitrades stated that $2.98 is the direct support level that XRP must hold to avoid further fall. He believes that falling to $2.92-$2.94 is a "base area" that may help stabilize the price trend and initiate a rebound.

Other traders have expressed similar views, pointing out that XRP's repeated testing around the $3 level reflects strong market interest. They believe that this consolidation does not signify a price crash, but rather may lay the groundwork for a rebound. This optimistic sentiment is based on holding the range between $2.90 and $2.98, which has now become a battleground for bulls and bears.

Key Technical Indicators and Support Level

Analyst Casitrades warned that if it falls below 2.98 USD, it will test 2.90 USD. 2.92-2.94 USD is considered a solid recovery range.

Divergence indicates that there is potential for an upward rise in the short term.

XRP ETF's first day performance is impressive, institutional investor confidence is increasing

Despite facing short-term pressure, XRP continues to attract the attention of institutional investors. The first XRP and Dogecoin ETFs listed in the United States saw strong demand, with a total trading volume of $54.7 million on the first day.

The first day trading volume of the XRP ETF (stock code: XRPR) reached 37.7 million USD, the highest among all ETFs in 2025. The Dogecoin ETF (DOJE) also impressively achieved a trading volume of 17 million USD, making it one of the top five performers among over 700 newly listed ETFs this year.

In contrast, the initial trading volume of most ETFs is only around 1 million USD. The outstanding performance of XRP highlights the growing interest of investors in financial products based on altcoins, and solidifies its position as one of the most mature digital assets in the market.

XRP Technical Outlook and Future Price Trends

(Source: Trading View)

From a technical perspective, the chart of XRP presents a descending triangle, a structure formed by lower highs squeezing down on a solid horizontal support level. The 50-day moving average is at $3.00, serving as a resistance level, while the 200-day moving average is far below that resistance level, at $2.15, reinforcing the long-term trend of XRP.

The Fibonacci retracement level for the rebound in July is $2.99, which is the 0.382 level, currently facing resistance, while $2.79 is the 0.5 retracement level.

Momentum shows mixed fluctuations:

· RSI is at 50, in neutral level.

· The K-line pattern shows that the trend line is being blocked, and momentum is weakening.

· Bullish above $3.25; bearish below $2.90

· The key trading range is from 2.79 to 3.25 US dollars.

Looking ahead, if liquidity and institutional participation continue to grow, the long-term trend of XRP will remain intact, and reaching 5 dollars in the next big cycle is not impossible.