The price of XRP is holding steady around $2.92 today after a period of volatility that saw it drop to $2.85 and then quickly rise again. Sellers have consistently limited the price increase to around $3.05, creating a narrowing wedge pattern as volatility diminishes. Spot inflows show a small net gain of $20.9 million on August 26, which suggests that dip buyers are carefully entering the market even though it is generally weak. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP continues to trade inside a descending channel, with price currently mid-range between $2.85 support and $3.05 resistance. The Bollinger Bands remain wide, with price leaning toward the lower half of the bands, signaling pressure but also room for rebound if liquidity builds. On-Balance Volume has stabilized around 3.23B, showing no significant exodus despite recent downside. XRP price dynamics (Source: TradingView) Volume Profile shows heavy activity near $2.66, which remains a strong accumulation base if current levels break down. The daily Fibonacci retracement highlights $3.08 (0.382) as the key upside level to reclaim, while…The post XRP Price Today: Can XRP Hold $2.90 As Price Compression Tightens? appeared first on Coin Edition. The price of XRP is holding steady around $2.92 today after a period of volatility that saw it drop to $2.85 and then quickly rise again. Sellers have consistently limited the price increase to around $3.05, creating a narrowing wedge pattern as volatility diminishes. Spot inflows show a small net gain of $20.9 million on August 26, which suggests that dip buyers are carefully entering the market even though it is generally weak. What’s Happening With XRP’s Price? XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP continues to trade inside a descending channel, with price currently mid-range between $2.85 support and $3.05 resistance. The Bollinger Bands remain wide, with price leaning toward the lower half of the bands, signaling pressure but also room for rebound if liquidity builds. On-Balance Volume has stabilized around 3.23B, showing no significant exodus despite recent downside. XRP price dynamics (Source: TradingView) Volume Profile shows heavy activity near $2.66, which remains a strong accumulation base if current levels break down. The daily Fibonacci retracement highlights $3.08 (0.382) as the key upside level to reclaim, while…The post XRP Price Today: Can XRP Hold $2.90 As Price Compression Tightens? appeared first on Coin Edition.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more