XRP Consolidates Below $3.00 as Institutional Activity Shapes Short-Term Range

September 9, 2025

XRP approached the $3.00 level before pulling back, closing at $2.95, as institutional flows continue to shape trading ranges. Support held firmly above $2.88, while repeated rejections near $2.99 highlight the cautious positioning of larger market participants.

Market Context

Federal Reserve futures suggest a 99% chance of a 25-basis-point rate cut on September 17, boosting crypto sentiment amid a weakening dollar.
Exchange reserves hit a 12-month high, signaling more supply on exchanges even as whales accumulated around 10 million XRP in minutes during the breakout.
Six spot XRP ETF applications are pending SEC review in October, providing a potential structural catalyst.

Price Action & Technicals

XRP rose from $2.89 to an intraday high of $2.995 (+4%) before settling at $2.95.
Volume spiked to 159.63M at 13:00—almost three times the daily average—confirming institutional participation.
Key support at $2.88–$2.89 held, while $2.995–$3.00 continues to cap gains.
RSI mid-50s indicates neutral-to-bullish bias; MACD histogram nears bullish crossover.
Consolidation below $3.00 continues; a confirmed close above $3.05 could target $3.30–$3.50.

Traders’ Focus

Closing above $2.99–$3.00 to flip resistance into support.
Fed meeting on Sept. 17: deviations from the expected 25-bps cut could impact crypto liquidity.
Continued whale accumulation and flows into ETFs.
October SEC ETF rulings, including applications from Grayscale and Bitwise, may reshape institutional demand.