XRP has been moving exactly as expected, accor

XRP has been moving exactly as expected, according to analysts, with a recent dip after hitting strong resistance at the $3.35–$3.40 range. This level also coincided with a large “fair value gap” left from late July’s bearish pressure, which has now been filled.

After the rejection at that resistance, XRP lost momentum and started dropping, pulled toward a lower support area between $3.15 and $3.08. This zone has both technical support and price imbalances that often act like a magnet for the market.

Fundamentals could also be influencing the drop. Next week is packed with market-moving events, including U.S. CPI inflation data on Tuesday and geopolitical developments like Russia–Ukraine peace talks. Investors may be de-risking ahead of this news.

In the short term, expect XRP to remain bearish, likely testing support around $3.10.