XRP traded near $1.4793 on September 28, down 2.45% for the session and lower for a third consecutive day after peaking at $1.66 on September 23. The price is defending support near $1.45, while a narrowing triangle pattern that has been tightening since August has lower support around $1.37 and an upper falling trendline near $1.64, based on the $1.70 August high.
Analyst ChartNerd said the immediate test is the 50-week exponential moving average at roughly $1.52, a level XRP has failed to break for six weeks. The monthly Gaussian Channel adds another layer of resistance around $1.50. A sustained close above the $1.50-$1.52 band could put $1.80-$1.90 in reach, according to the analyst. Failure to clear that zone may lead to a deeper pullback and a higher low later in the year, though ChartNerd did not present any outcome as certain.
Meanwhile, spot XRP ETFs recorded their 11th consecutive week of net inflows, adding about $75.59 million last week and lifting cumulative inflows to roughly $1.79 billion. Liquidation data showed XRP longs absorbed $10.68 million of the $16.44 million in total XRP liquidations over the previous 24 hours.
XRP's 24-hour range was approximately $1.47 to $1.54, with trading volume rising more than 20% to around $3.23 billion. The asset remains nearly 60% below its $3.65 all-time high. ChartNerd also cautioned that historical Gaussian Channel patterns do not guarantee a repeat, noting the monthly midline around $0.94-$0.95 and an untested three-month upper regression band near $0.80.
