XRP Pulls Back After Failing to Hold $3 Amid Rising Resistance
September 10, 2025
XRP struggled to stay above $3.00 on September 9–10, with institutional selling erasing early gains. After briefly reaching $3.035, the token fell back to $2.94, highlighting resistance near $3.02. Traders are weighing potential catalysts like pending XRP ETFs and rising exchange reserves, which could temper bullish momentum.
Key Market Factors
- The Federal Reserve’s September 17 meeting is widely expected to deliver a 25-basis-point rate cut, potentially boosting risk asset liquidity.
- Six XRP spot ETF applications are under SEC review in October, critical for institutional adoption.
- Exchange custody balances reached a 12-month high, signaling potential near-term selling pressure despite whale accumulation of 340M tokens.
- Analysts see parallels to XRP’s July breakout failure, emphasizing the $3.00 level as a key test.
Price Action & Technicals
- XRP traded in a $0.10 range (2.9%), from $2.935 to $3.035.
- Gains were capped at $3.02 resistance, with a midday selloff lowering the token to $2.956 on 165.67M volume.
- Consolidation occurred near $2.94–$2.96, supported by institutional activity.
- Momentum: RSI shows early bullish divergence; however, high exchange reserves may limit follow-through.
- Outlook: Failed breakout suggests consolidation within $2.94–$3.00 unless volume picks up.
Traders Are Watching
- Can XRP sustain closes above $2.95 to retest $3.02?
- Will exchange reserves trigger selling or remain neutral?
- SEC’s October ETF approvals as a structural catalyst.
- Fed’s rate cut impact on liquidity.
- Whale inflows and whether accumulation offsets distribution.
