Could a September $3.70 Retest in XRP Price Set the Stage for a Path Toward $27?

The crypto market remains turbulent, but the XRP price has drawn attention after rebounding from August’s sharp decline from its ATH $3.66. On September 1st, the Ripple price USD rose 1.40% from a critical $2.75 support level, sparking optimism among traders. With $3.0 acting as the pivotal zone, sentiment is improving as ETF hopes grow stronger with Nate Geraci’s recent remark.

XRP Price Holds Crucial Support

In recent sessions, the XRP price today has steadied near $2.75 key support, showing resilience after dropping from the $3.66 peak in August. Many traders now see the $3.0 threshold as a key hurdle. 

A successful hold above this level could unlock an upward move toward $3.70 and eventually the $4.0 round number mark, according to the XRP price chart.

Moreover, the investor sentiment is considerably bullish after ProShares UXRP ETF’s success after the legal matter’s end with the SEC. 

But today’s rise is linked to Nate Geraci’s recent remark, where he believes that the investor demand is vastly undervalued, just like investors did with spot BTC & ETH ETFs, which are now widely traded. 

His words pointed optimism towards broader adoption in future sessions, which is strengthening the Ripple price forecast narrative.

Also, a wave of updated ETF filings with the U.S. SEC. Firms such as Grayscale, Bitwise, Canary, and 21Shares all advanced their spot XRP ETF applications is another bullish factor.

Analysts’ Technical Outlook Suggests Bullish Breakout In XRP Price

From a technical perspective, analyst Ali Martinez on the daily XRP price chart reveals a descending triangle pattern forming in September. 

Historically, such a setup can indicate an upward breakout if bullish momentum builds with a supportive environment. 

A move through the $2.90 to $3.0 hurdle zone could act as the decisive trigger, setting Ripple crypto on track for a push back toward $3.70.

While short-term volatility keeps traders cautious, a separate broader XRP price prediction by an analyst shows a potentially ambitious path. 

Some market views suggest XRP crypto could see a rally extending far beyond near-term targets. Analyst calls for 10x gains up to $27 highlight how Ripple price forecast discussions are not just about the next resistance but also long-term structural patterns.