XRP Approaches Strong Resistance
On the daily chart, XRP is moving close to the 0.382 Fibonacci retracement level at $3.08, while sellers continue to defend the descending trendline since late July. The immediate resistance lies around $3.18, overlapping with the Supertrend indicator. A successful breakout above this threshold could open the path toward $3.19–$3.30, aligning with the 0.5 and 0.618 Fibonacci levels.
On the downside, support is clustered around the 20-day EMA near $2.97, followed by the $2.81 zone that coincides with the 50-day EMA. Losing this base would increase downside risk toward $2.56, where the 200-day EMA provides stronger structural support.
Chase Bank Adoption Boosts Market Sentiment
News that Chase Bank will now accept XRP payments has given investors fresh confidence. The move is seen as a major step in XRP’s real-world adoption, connecting traditional payment networks with the XRP Ledger.
Meanwhile, the Real Token project is gaining attention as it aims to facilitate real estate transactions on the XRP Ledger, underscoring XRP’s growing role in asset tokenization.
On-Chain Data: Mixed Signals
Despite the positive headlines, on-chain flows show caution. On September 14, XRP recorded net outflows of $16.35 million, suggesting many investors took profits during the recent upswing. Over the past month, flows have remained volatile—shifting to inflows during rallies and sharp outflows during consolidation. Analysts note that sustained positive net inflows above $50 million would be needed to confirm adoption-driven optimism.
Technical Outlook
The critical resistance level remains at $3.18. A breakout above this level could confirm bullish continuation, with $3.30 as the next target and $3.46 (0.786 Fibonacci retracement) as a potential extension. A retest of the $3.66 peak could come into play if momentum strengthens.
On the flip side, failure to hold $2.97 would intensify selling pressure, exposing $2.81 as immediate support. A deeper pullback could drag XRP back to $2.56, erasing much of September’s recovery.
Conclusion: Will XRP Continue Rising?
XRP’s short-term trajectory hinges on its ability to defend $2.97 and break through $3.18. Success would tilt the bias toward $3.30–$3.46. However, without stronger on-chain confirmation, the risk of another rejection remains high. Traders are closely watching this pivotal zone, where technical compression and adoption headlines converge to define XRP’s next move.
