XRP Consolidates Below $3.00 as Institutional Flows Control Short-Term Range
September 9, 2025
XRP climbed toward the $3.00 level before pulling back to close at $2.95, holding support above $2.88. Repeated rejections near $2.99 highlight how institutional trading is shaping short-term price action.
Market Context
- Federal Reserve futures imply a 99% probability of a 25-basis-point rate cut on September 17, boosting crypto sentiment amid a softer dollar.
- Exchange reserves hit a 12-month high, suggesting ample supply on platforms even as whales accumulated roughly 10 million XRP in minutes during the breakout.
- Six spot XRP ETF applications are under SEC review in October, providing a structural catalyst for traders.
Price Action & Technicals
- XRP rose from $2.89 to an intraday high of $2.995 (+4%) before closing at $2.95.
- Volume spiked to 159.63M at 13:00—almost three times the daily average—confirming institutional participation.
- Support at $2.88–$2.89 remained firm, while $2.995–$3.00 capped upside.
- RSI mid-50s signals neutral-to-bullish momentum; MACD histogram nears a bullish crossover.
- Consolidation under $3.00 continues; a confirmed close above $3.05 could target $3.30–$3.50.
Traders’ Watchlist
- Daily close above $2.99–$3.00 to flip resistance into support.
- Fed meeting on Sept. 17: surprises could impact crypto liquidity.
- Whale accumulation trends.
- SEC ETF rulings in October, including Grayscale and Bitwise, may reshape institutional demand for XRP.
