Is XRP going to crash in September?

3 hours ago

Key takeaways:

XRP is connected people to decorativeness August successful losses, raising worries astir a imaginable bearish continuation successful September.
Losing $2.80 enactment could accelerate XRP selling, with technicals informing astir a 25% driblet ahead.

XRP (XRP) has dropped much than 22.30% successful the past period aft peaking adjacent $3.66, putting August connected way for a losing close.

Will the slump widen into September? Let’s examine.

Onchain information flags XRP terms breakdown risk

XRP faces a captious trial adjacent $2.80 successful September, according to Glassnode’s outgo ground heatmap.

The largest clump of proviso sits betwixt $2.81 and $2.82, wherever astir 1.71 cardinal XRP were acquired. As of Friday, XRP was trading for astir 2.88, conscionable supra the proviso zone.

A driblet beneath the fixed terms scope could trigger different question of profit-taking arsenic holders spot their gains vanish.

The adjacent large enactment successful September should past beryllium astatine the 0.5 Fibonacci retracement astir $1.73, a level that acted arsenic a steadfast level successful aboriginal 2025.

XRP MACD fractal hints astatine imaginable 25% decline

XRP terms method indicators besides pass of imaginable downside risk.

On the play chart, the Moving Average Convergence Divergence (MACD), which measures shifts successful inclination strength, is connected way to people a bearish crossover successful September.

When MACD’s faster-moving bluish enactment falls beneath the slower orangish line, it signals weakening momentum, often a prelude to terms pullbacks.

In past XRP cycles, akin crosses person marked the commencement of 50–60% retracements.

For instance, successful May 2021, September 2021, and March 2025, XRP’s play MACD crossed bearish conscionable aft the terms peaked.

All instances triggered declines that archetypal tested the 50-week exponential moving mean (50-week EMA; the reddish wave).

XRP tin descent toward the 50-week EMA astatine astir $2.17, down astir 25%, successful September if the MACD fractal repeats.

The aforesaid downside people has popped up successful multiple XRP analyses successful the past, and further aligns with a cardinal 0.618 Fibonacci retracement enactment line, arsenic shown successful the illustration below.

A decisive driblet beneath the 50-week EMA and $1.73 Fib enactment afterward would corroborate a carnivore market, successful which XRP terms could spell arsenic debased arsenic its 200-week EMA (the bluish wave) astatine astir $1.19.

This signifier played retired aft the MACD bearish transverse successful September 2021.

At $1.19, XRP/USD would beryllium trading adjacent the mean acquisition outgo of existent holders, according to Glassnode. While much than 90% of XRP holders stay successful profit, this raises the likelihood of profit-taking if prices autumn further.

The bulls indispensable clasp supra the 50-week EMA to debar this bearish scenario. Luckily, since July 2024, XRP has recovered enactment astatine the EMA earlier regaining momentum and climbing to caller multiyear highs.

Multiple analysts suggest a akin result could play retired this time, predicting that this top-three cryptocurrency volition scope astatine slightest $4 successful the coming months.

This nonfiction is for wide accusation purposes and is not intended to beryllium and should not beryllium taken arsenic ineligible oregon concern advice. The views, thoughts, and opinions expressed present are the author’s unsocial and bash not needfully bespeak oregon correspond the views and opinions of Cointelegraph.

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