Is XRP Set to Enter a Bearish Trend in September?
Bearish signals are strengthening for XRP, indicated by the formation of a descending triangle and increased reserves on exchanges. Is the altcoin poised for a significant sell-off?
Bearish signals are strengthening for XRP, indicated by the formation of a descending triangle and increased reserves on exchanges. Is the altcoin poised for a significant sell-off?
Several indicators suggest a bearish trend for XRP in the coming weeks. First, we’re observing the formation of a descending triangle pattern on daily price charts, a signal typically synonymous with an upcoming downward correction.

Additionally, the increase in exchange reserves reinforces bearish conviction in the market. The Network Value to Transactions ratio has experienced a sharp rise, indicating that the altcoin may be overvalued relative to its network activity.
The price trend of XRP is currently downward-oriented, with an imminent breakdown of key support at $2.74. This momentum is explained by the consolidation above this level, within the framework of the observed descending triangle.

The CVD (Cumulative Volume Delta) and NVT (Network Value to Transactions) indicators also signal a bearish price trend. The market is therefore heading toward a likely massive sell-off of XRP in the coming weeks.
A particularly concerning signal is the strong increase in dormant circulation among medium-term holders on September 1st. This movement of tokens out of wallets is typically accompanied by a wave of selling.
If the average coin age fails to resume its upward trend in the next two weeks, XRP traders and investors can expect a significant bearish movement in September, with little chance of a short-term rebound.

Nevertheless, another scenario is possible. Indeed, the Volume Profile Order Block indicates significant accumulation between $2.73 and $2.82. Maintaining this support may also indicate that smart money is defending this position.
As a result, XRP could continue ranging between $3.15 and $2.73 in the coming weeks before breaking out. Additionally, the strong bearish trendline at $2.88 has a high probability of being liquidated soon as Bitcoin heads toward $113,000.
In conclusion, XRP is facing a period of turbulence in the market, with numerous indicators pointing toward an imminent bearish trend. Investors should remain vigilant and carefully monitor the evolution of these signals to make the best decisions.
XRP is currently in a phase of consolidation and accumulation. But with the risk of dropping to $2.5, it’s preferable to accumulate using DCA over the next two weeks. To invest in XRP via Bitget, here’s how to proceed:
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Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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