XRP May Hold $2.70 Support, Could Reach $3.70 if It Clears $2.90 Ahead of Fed Meeting

  • XRP rebounded from $2.70 to $2.82 after an 8.16% August decline.

  • $2.70 is the crucial short-term support; $2.90 is the immediate resistance.

  • Fed meeting (September 16–17) and macro cues could trigger heightened volatility.

XRP price outlook: XRP holds $2.70 support and eyes $2.90 resistance; monitor Fed signals for volatility and directional cues. Read latest price action and technical levels.

XRP begins September with a slight rebound after August losses, holding above $2.70 support as markets watch Fed signals for rate cut clues.

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XRP price outlook shows a cautious recovery as the token trades near $2.82 after bouncing from $2.70. Maintaining the $2.70 support is key for bullish continuation toward $2.90 and potentially $3.70, while Fed commentary in mid-September could drive short-term swings.

The $2.70 level acted as a short-term floor after an 8.16% monthly decline in August. XRP’s recent low at $2.70 and the current trade near $2.82 indicate buyers defended that zone. A failure below $2.70 would increase downside risk; a sustained hold supports a move to $2.90 and higher.

Breaking $2.90 would remove the immediate resistance that has capped rallies. Technical analysts view a clean break and retest above $2.90 as a trigger for renewed buying, with $3.70 noted as the next significant upside target contingent on macro support and volume.

Traders are watching the U.S. Federal Reserve meeting on September 16–17. Hints of an interest-rate cut or a softer policy stance could lift risk assets, including XRP. Conversely, hawkish rhetoric would likely increase volatility and pressure short-term momentum.


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Source: https://en.coinotag.com/xrp-may-hold-2-70-support-could-reach-3-70-if-it-clears-2-90-ahead-of-fed-meeting/