XRP (XRP) Price: Trading Volume Jumps 11% as Token Breaks Descending Trendline Maisie Morrison | usagoldmines.com

XRP, Ripple’s native cryptocurrency, is showing mixed signals as it trades at $2.80, up 1.35% over the past 24 hours. The digital asset has been testing its key support level at $2.70 for the third time in six weeks, putting traders on high alert.

Market sentiment appears to be turning bullish after crypto expert Ali Martinez highlighted that XRP’s TD Sequential indicator is now flashing a buy signal. Martinez noted simply, “Rebound setup in play!”

TD Sequential flashes back-to-back buy signals on $XRP. Rebound setup in play! pic.twitter.com/nN8q4TD27c

— Ali (@ali_charts) September 1, 2025

This modest price surge has triggered stronger participation from traders and investors. Data from CoinMarketCap shows an 11% increase in XRP’s 24-hour trading volume compared to the previous day.

Technical analysis suggests XRP has started to reverse its previous downtrend. On the four-hour chart, the asset has successfully broken out of the descending trendline, potentially setting up for a price increase.

However, the 15-day and 21-day Exponential Moving Averages (EMAs) are currently acting as resistance levels.

Based on recent price action and technical indicators, a rally could occur if XRP moves above both EMAs and secures a four-hour candle close above the $2.82 level.

If this happens, XRP could potentially rally 10.5% to reach the $3.10 level in the near future.

Current Market Positioning

Traders appear to be following the bullish trend by heavily betting on long positions.

On-chain analytics tool CoinGlass revealed that XRP’s major liquidation levels were at $2.70 on the downside (support) and $2.825 on the upside (resistance).

These key liquidation points show traders are over-leveraged, with $77 million worth of long positions and $19.55 million worth of short positions, reflecting the market’s bullish sentiment.

Despite this optimism, there are warning signs. According to CoinGlass data, nearly $10 million worth of XRP tokens have been moved onto exchanges in the past 24 hours, hinting at potential selling by holders after the modest price recovery.

Binance’s exchange reserves jumped by 61 million XRP during the same period, rising from 2.928 billion to 3.538 billion as of September 1.

Broader Technical Outlook

XRP has been trading within a descending parallel channel since August 2, forming lower highs and lower lows between two parallel trendlines.

This pattern reflects a sustained decline in buy-side pressure, as sellers repeatedly overpower bullish attempts to push prices higher.

The token has made several attempts to break above this bearish structure in recent weeks. However, each retest has been met with strong selloffs, preventing any successful breakout.

On-chain data from Glassnode confirms rising distribution among market participants. XRP’s exchange reserves have risen 2% since August 27, indicating an uptick in profit-taking among token holders.

Exchange balance increases typically signal that investors are transferring tokens from private wallets to exchanges, often with the intention of selling.

The current price action suggests XRP needs to clear the $2.825 level for a quick rally to materialize. Traders remain heavily positioned at both $2.70 support and $2.825 resistance levels.

XRP currently trades at $2.80, with the MACD indicator remaining bearish since July, raising risks of a potential dip to $2.63 or even $2.39, unless buyers can reclaim momentum above $2.87.