XRP Price Forecast: Analyst Anticipates Further Decline to $2.90

XRP is currently priced at $2.99, having decreased by 1.38% over the past 24 hours, with a trading volume of $4 billion. Earlier this week, it reached $3.10 before retracting, despite favorable developments such as a U.S.-listed XRP ETF. Analysts suggest that XRP may revisit the $2.90 level, with short-term charts indicating both caution and potential.

Analysts Target $2.90 as Critical Support for XRP

Market strategist Casitrades indicates that $2.98 is the immediate support level XRP needs to maintain to prevent further declines. He identifies a drop to the $2.92-$2.94 range as a “foundation zone” that could help stabilize price movements and facilitate a rebound.

XRP at a Crucial Support Level. Monitoring $2.98 vs. Lower $2.90s! $XRP is experiencing a decline alongside #Bitcoin, and due to its failure to achieve a new local high, the potential for a more significant correction exists. The pattern is forming an ABC with C-wave targets in the low $2.90s,… pic.twitter.com/zPuJ2mIN2U

— CasiTrades (@CasiTrades) September 19, 2025

Other traders share this perspective, observing that XRP’s repeated testing around the $3 level indicates robust market interest. Rather than signaling a breakdown, they contend that the consolidation may be establishing a base for recovery. This optimism hinges on maintaining the $2.90–$2.98 range, which has become a focal point for both bulls and bears.

• Divergence indicates possible short-term upside.
• Analyst Casitrades cautions about a $2.90 test if $2.98 fails.
• $2.92–$2.94 is regarded as a solid recovery zone.

XRP and Dogecoin ETFs Achieve $54M on Launch Day

Despite short-term caution, XRP continues to gain from increasing institutional recognition. The launch of the first U.S.-listed XRP and Dogecoin ETFs attracted significant demand, achieving $54.7 million in trading volume on their first day.

The XRP ETF (ticker XRPR) garnered $37.7 million—representing the highest day-one volume of any ETF launched in 2025. Dogecoin’s ETF (DOJE) also performed well with $17 million, ranking among the top five out of over 700 new ETF listings this year.

This strong response highlights a growing investor interest in altcoin-based financial products. Typically, most ETFs debut with only $1 million in daily trading. The fact that XRP’s ETF surpassed expectations by such a large margin reinforces its position as one of the most established digital assets in the market.

ETF Demand Reflects Investor Confidence

Despite short-term pressures, XRP continues to draw institutional interest. The launch of the first U.S.-listed XRP and Dogecoin ETFs saw robust demand, with a combined day-one trading volume of $54.7 million.

The XRP ETF (XRPR) led with $37.7 million — the largest opening volume of any ETF launched in 2025.

Dogecoin’s ETF (DOJE) also stood out with $17 million, placing it among the top five performers out of more than 700 new ETFs this year.

Two ETFs have been approved, yet XRP remains below $3. Do not confuse suppression with weakness — it’s the setup. The disconnect between product launch and price will not persist

— SonOfaRichard (@heythereRich) September 20, 2025

For context, most ETFs launch with approximately $1 million in initial trading. XRP’s remarkable debut underscores the increasing investor interest in altcoin-based financial products and solidifies its status as one of the most established digital assets in the market.

XRP Technical Analysis and Future Price Trajectory

From a technical standpoint, XRP’s chart reveals a descending triangle, characterized by lower highs against strong horizontal support. The 50-day EMA is positioned at $3.00, serving as resistance, while the 200-day EMA is significantly lower at $2.15, reinforcing the long-term trend.

Fibonacci retracements from the July rally indicate $2.99 as the 0.382 level currently under pressure, with $2.79 marking the 0.5 retracement.

Momentum appears mixed. The RSI is at 50, indicating neutrality. Candlestick patterns show rejection at the trendline, with momentum waning. A rise above $3.25 would be bullish, targeting $3.43 and $3.66. Conversely, a drop below $2.90 would be bearish, with potential support at $2.79 or $2.58 before buyers re-enter.

For traders, the range is set between $2.79 and $3.25. Maintaining support could lead to a measured move towards $3.60 and beyond, in line with ETF inflows.

Looking forward, if liquidity and institutional involvement continue to increase, XRP’s long-term trend remains intact, and reaching $5 in the next significant cycle is plausible.

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