XRP is currently in a consolidation phase around $3, according to TradingView data. Technical analyst Ali Martinez noted that the token is forming a series of lower highs while maintaining strong support around $2.70. This type of price action often precedes significant volatility as the market chooses a clear direction.

XRP and large token movements

Fibonacci retracement levels indicate immediate resistance at $3, and if upward momentum continues, there is a potential rise to $3.40. Conversely, breaking the $2.70 support could lead to a drop to $2.50 or lower. Based on these signals, a price movement of approximately 25% is expected, depending on the strength of buyers and sellers.

$XRP consolidates in a triangle ahead of a 25% price move! pic.twitter.com/zeuFQNkc5s

— Ali (@ali_charts) September 6, 2025

Interest in the short-term development of XRP has also risen after a large transaction recorded by blockchain tracker Whale Alert. This transaction involved a transfer of 250 million XRP worth approximately $703.9 million. These funds were sent to the Ripple50 wallet, associated with Ripple. Some of them may be used for operational costs, corresponding to the regular monthly release of 1 billion XRP from accounts.

Additionally, Whale Alert reported another movement of 50 million XRP between anonymous wallets. These transfers often spark discussions about whether they are preparing for larger market moves or just routine internal operations.

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Current price development

XRP is currently trading at $3, representing an increase of nearly 1% over the past 24 hours and 5.52% over the week. Maintaining support at $2.90 will be key – only then can the token pave the way to break the $3 level and confirm the strength of the upward trend. Conversely, losing this level could lead to further decline and weaken investor confidence.

Interestingly, XRP is still forming the same descending triangles as before. Previously, after breaking such a pattern, the price rose by 100%.

According to CoinMarketCap, XRP has a market capitalization of $179 billion, ranking it 3rd among cryptocurrencies. XRP is one of the few high-cap projects that has managed to surpass its all-time high in the current cycle, significantly strengthening its market position.