Ripple Labs’ native token, XRP, is facing a sizable breakdown heading into the monthly close, with some analysts calling for a drop below $2 for the fourth-largest digital asset by market cap. With volatility on the way for XRP holders, traders are searching for the best new crypto to bid instead.
Today (September 23), XRP is trading at $2.87 with a market capitalization of around $170 billion and a 24-hour trading volume of over $7.1Bn. It is up 2.2% in the past 24 hours, but the bigger picture shows potential downside for the XRP price.
$XRP has been making LOWER HIGHS AND LOWER LOWS since the top in July 2025
and I am told that I am biased by stating clear facts.
There is ZERO EVIDENCE IN THE $XRP chart of a bull trend whatsover at this moment in time.
The bottom on 1 September is in danger because the… https://t.co/C3kfgUuOcR
— Trading Edge (@TradingSailor) September 20, 2025
4H Chart Spells Doom for XRP Price
The 4-hour chart displays a rounded top pattern formed after XRP peaked at $3.14, followed by a steep decline to just above $ 2.70. While there has been a minor recovery with a series of bullish candles, the absence of significant volume indicates this bounce may not be sustainable.
The persistent red candles and weak bullish conviction emphasize continued bearish pressure, keeping the bias tilted toward further downside unless bulls reclaim the $2.95–$3.00 resistance zone with strength.
Volume spiked sharply during the decline, hinting at potential capitulation, but the lack of follow-through buying suggests caution is still necessary for intraday traders. Following the early morning selloff across the entire cryptocurrency market, conditions remain unpredictable.
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Higher Timeframe Doesn’t Look Much Better for Ripple’s Native Token
From the perspective of the daily chart, XRP experienced a significant uptrend that peaked at $3.183 before reversing sharply, caused by a bearish engulfing candle.
The recent high-volume selloff, along with the long-bodied red candle, is often associated with institutional or panic-driven selling, raising concerns for long-term investors.
As of right now, there is strong support between $2.70 and $2.75, and it is crucial that it holds; otherwise, the price risks testing lower levels around $2.40. If this bullish downtrend persists for the XRP price, there is a real chance it could lose the $2 level in Q4.
For these reasons, it is imperative that XRP closes the day above $3. If not, the lower-level support will likely be tested before September comes to an end.
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Moving Average Indicators Also Leaning Bearish for XRP Price
When it comes to moving averages, shorter-term indicators are currently signaling a bearish trend. The exponential moving averages (EMAs) for 10, 20, and 30 periods are at $2.977, $2.977, and $2.974, respectively, all indicating a sell.
In a similar vein, the simple moving averages (SMAs) for the same periods are at $3.013, $2.966, and $2.939, which also suggest bearish momentum.
On the other hand, the longer-term EMAs and SMAs for the 100 and 200 periods indicate bullish trends, with the 200-day SMA at $2.530 and the EMA at $2.594 providing solid support. This divergence between short-term and long-term indicators indicates that XRP is currently in a correction phase within a broader uptrend.
While there is some optimism within the charts and technical indicators for the XRP price, things are leaning more bearish than bullish right now. Presale projects such as Pepenode (PEPENODE) are presenting as the best new crypto to bid instead of dino coins like XRP.
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Virtual mining, staking, and rising presale prices all create buzz and hype for the PEPENODE token before the project goes live across decentralized and centralized exchanges. These three key components have led to more than $1.4M in funding being raised in just a few weeks of being live.
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$1.5M will likely be hit by the end of the day, which will put PEPENODE on track to hit the $5M funding level, and potentially beyond as the bull market continues to heat up heading into Q4.
At this stage of the presale, the PEPENODE token is worth $0.0010702 and is expected to continue rising steadily until the end of the presale.
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