Will XRP’s September Slump Turn into a $5 Frenzy? 🤔💰

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Key Takeaways

September is shaping up to be a roller coaster ride for Bitcoin and Ethereum, and XRP bulls are probably feeling like they’re stuck in traffic during rush hour. August wasn’t exactly a walk in the park for XRP, and now the $2.74 support level is looking more precarious by the minute.

Ripple [XRP] is teetering on the edge of a daily trading session closure below the swing low at $2.74. If this happens, it’s like saying the market structure on the 1-day timeframe has decided to throw a bearish party without inviting us.

It would be the first sign that the next price trend is about to take a nosedive, like a poorly timed joke at a funeral.

Data from Coinalyze paints a picture of a speculative market that’s about as excited as a sloth on a Monday morning. The Funding Rate is positive, but the Open Interest has been sliding lower, much like my motivation after the first cup of coffee.

This is a clear sign of bearish short-term sentiment, which is about as surprising as finding out your favorite pizza place is closed on a Friday night.

Despite the bearish short-term outlook, XRP is still hanging around at long-term highs. So, will XRP fall below $2.74 this week and continue its downward spiral, or will it defy all logic and shoot up to $5? Only time-and perhaps a few strong cups of coffee-will tell.

Can XRP Break the September Curse?

Since 2017, XRP has only managed to make significant gains in September twice. That’s like winning the lottery and then losing the ticket. January, February, and July, on the other hand, have been far more reliable, like a trusty old friend who always shows up on time.

With Bitcoin [BTC] also expected to take a dive toward $100k this month, XRP bulls are facing an uphill battle that feels more like a marathon in quicksand.

The 1-day price chart doesn’t offer much comfort. Over the past month, trading volume has been dwindling faster than my patience in a long queue. The On-Balance Volume (OBV) has also been on a downtrend, indicating that selling pressure has been the dominant force in recent weeks.

The Relative Strength Index (RSI) has struggled to stay above the neutral 50 mark, and the swing market structure is at risk of a bearish break. The $2.74 swing low from early August is a crucial support level, and if it breaks, it might as well be the sound of a champagne bottle popping at a funeral.

There’s a possibility that XRP could dip below the lows to gather some much-needed liquidity before bouncing back. But for this to happen, buying pressure needs to spike higher in the coming days and weeks, which is about as likely as me winning a dance-off against a professional dancer.

A bullish performance from Bitcoin could certainly boost sentiment around XRP, but based on the current evidence, a move toward $2.4 seems more plausible than a rally to $5 in September. It’s like expecting a sunny day in Seattle-it’s just not in the forecast.

However, Q4 2025 might be the time when XRP finally decides to show up to the party, drinks in hand and ready to make a statement. Until then, we’ll just have to keep our fingers crossed and our coffee mugs full.

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2025-09-02 00:13