XRP Set to Hit New All-Time High This September

Key Insights:

• XRP consolidates in a descending channel with upside targets at $3.62, $3.86, and $4.10 for breakout.
• The 12-hour chart shows a symmetrical triangle; breakout above $3.05 could trigger a rapid bullish rally higher.
• Bollinger Bands tighten while MACD remains neutral; traders watch $2.81 support and $3.29 resistance closely.

The daily XRP/USDT chart shows the token trading around $3.09, recovering more than 5% on the day. Price has been moving inside a descending channel since July’s peak near $3.65. Support is forming along the lower boundary of the channel, and the chart suggests a possible bounce that could set up an upward breakout.

Targets on the upside are marked at $3.62, $3.86, and $4.10. A move toward the higher range of $4.10 would mark a new all-time high for XRP. The 0.618 Fibonacci level at $2.58 remains a key support, and holding above this level helps preserve the broader bullish trend.

12-Hour Chart Points to Breakout Zone

On the 12-hour timeframe, XRP is consolidating near $2.99, trading within a symmetrical triangle formed by lower highs and higher lows. These converging lines indicate a breakout decision point in the near term.

Volume has stayed muted during this period, but a breakout above the descending trendline could confirm renewed bullish momentum. Cryptominder noted that “if break out of the trend line then God Candle is near,” referring to the potential for a strong move upward once resistance is cleared.

Technical Indicators Neutral but Poised

Momentum indicators suggest a neutral-to-bullish outlook. The RSI is near 49, showing balanced momentum, while the Williams %R at -37 remains in neutral territory. Market Cipher momentum waves are beginning to turn upward, signaling possible strength building.

Support levels remain around $2.85–$2.87, while resistance is near $3.00–$3.05, in line with the triangle’s upper trendline. A confirmed breakout above resistance could trigger a fast move higher, with some traders calling this scenario a “God Candle.”

Bollinger Bands and Market Conditions

The Bollinger Bands on the daily chart are tightening, with the upper band at $3.29 and the lower band at $2.81. This contraction points to reduced volatility, often a precursor to stronger price movement. The mid-band at $3.06 is acting as immediate resistance.

The MACD remains slightly negative, with both lines close to zero, showing weak momentum and indecision. A shift into positive territory would signal renewed buying strength.

XRP is priced at $3.01 with 24-hour trading volume of $6.30 billion. The token has gained 0.16% in the past 24 hours and 3.84% over the past week, as traders monitor whether September could deliver a breakout toward new highs.