XRP Price News: Slides 4% Amid Bitcoin Sell-Off, but Cup-and-Handle Setup to $5 Intact
XRP experienced a decline of 4% amid a broader Bitcoin sell-off, dropping from $3.02 to a low of $2.84 before recovering slightly. Active addresses on the XRP Ledger surged by 20%, indicating renewed interest ahead of a significant decentralized media launch on September 12. Despite the sell-off, a cup-and-handle technical pattern remains intact, suggesting potential future targets between $5 and $13 if market momentum shifts positively. Selling pressure persists around the $3.02 level, while support has formed around $2.85 to $2.86. Increased whale activity and institutional interest, fueled by recent partnerships and integrations, could offer a foundation for XRP's recovery. Observers are closely monitoring whether the support can hold and if the price can break past the resistance to move toward $3.20.
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