XRP News Today: Whales and ETF Hopes Fuel XRP's Legal-Backed Breakout Bid

XRP, the digital asset issued by Ripple, has seen increased speculative interest in recent trading sessions amid heightened anticipation around potential cryptocurrency exchange-traded fund (ETF) approvals. On Sunday, September 7, XRP rose approximately 3%, emerging as the second-best performer among the top 10 cryptocurrencies behind Dogecoin (DOGE). Analysts attribute this rally to a surge in leveraged speculative demand, particularly in the derivatives market. Coinglass reported a 17% increase in XRP futures trading volume and a 3% rise in open interest, suggesting that traders are building positions ahead of the anticipated October 18–25 decision window for XRP ETF applications by the U.S. Securities and Exchange Commission (SEC). Seven asset managers have submitted filings for XRP-based ETFs, further fueling speculation and positioning XRP as a potential outperformer in the altcoin market should these products be approved [1].

Technically, XRP has formed a descending triangle pattern, a chart formation that often signals a breakout in the near term. As of the latest data, XRP is consolidating around $2.88, with key support at $2.70 and resistance at $2.98. If XRP breaks above $2.98, the next potential price target is $3.20, with a longer-term target of $3.45 if ETF speculation intensifies. Conversely, a breakdown below $2.70 could see the price retreat to $2.50, erasing recent gains. The Relative Strength Index (RSI) currently stands at 48.3, indicating moderate bullish momentum, while the Bollinger Bands suggest compressed volatility ahead of a potential move [1].

Institutional investor behavior is also shaping XRP’s near-term trajectory. Whale accumulation has continued despite volatile price swings. On-chain data shows that large XRP holders have acquired roughly 340 million tokens in recent weeks, even during price declines. Whale buying has coincided with bearish pressure from institutions, particularly in late August and early September, when XRP dropped nearly 8% amid a broader selloff in the crypto market. The accumulated supply in whale wallets is seen as a buffer against retail-driven selling pressure, potentially stabilizing the token’s price in the coming months [6].

Regulatory developments are another key factor in XRP’s recent performance. In August 2025, the U.S. courts officially closed the Ripple-SEC litigation with a dismissal of all appeals. The settlement clarified that XRP is not a security when sold on public exchanges, removing a major legal overhang and boosting institutional confidence. This development has already influenced market sentiment, with XRP experiencing a 72% price surge following the 2023 ruling by Judge Analisa Torres. Analysts suggest that the favorable legal outcome positions XRP to benefit from growing institutional adoption, particularly if the upcoming ETF decisions are positive [7].

Looking ahead, XRP’s price action will be closely watched for signs of a breakout from its current consolidation pattern. A bullish scenario would require a strong move above $2.98 resistance, supported by a surge in buying volume and sustained RSI momentum. A bearish outcome would involve a breakdown below $2.70 support, leading to a potential retest of the $2.50 level. Given the current technical environment and the accumulation by large investors, XRP is likely to remain in a trading range until a clear catalyst emerges—whether from regulatory developments, ETF approvals, or broader macroeconomic factors [4].

In parallel, Ripple continues to expand XRP’s utility in the real world. The company has partnered with Thunes, a cross-border payments network, to enable real-time blockchain-based transactions, further cementing XRP’s role in global financial infrastructure. These developments, coupled with ongoing legal clarity and strong institutional interest, suggest that XRP is well-positioned to benefit from the broader altcoin market recovery in the final quarter of 2025 [5].

Source:

[1] Ripple (XRP) Price Moves Toward $3 as Community... (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html)

[2] SWIFT & Ripple (XRP): Frenemies or Just Foes? (https://finance.yahoo.com/news/swift-ripple-xrp-frenemies-just-160700648.html)

[3] XRP Struggles to Hold Gains: Why SpacePay's Utility... (https://cryptodnes.bg/en/xrp-struggles-to-hold-gains-why-spacepays-utility-stands-out/)

[4] XRP Holds Above $2.82 After Sharp Decline, Technicals... (https://www.coindesk.com/markets/2025/09/06/xrp-holds-above-usd2-82-after-sharp-decline-technicals-point-to-usd3-30-breakout-test)

[5] XRP Price at Crossroads: Legal Win, Whale Buys Fuel $3... (https://thecurrencyanalytics.com/altcoins/xrps-legal-clarity-and-whale-accumulation-signal-a-bullish-crossroads-194757)

[6] XRP Whales Accumulate $3.8B Despite Market Cap Drop (https://cryptodnes.bg/en/xrp-whales-accumulate-3-8b-despite-market-cap-drop/)

[7] Attorney claims the XRP Army influenced Judge Torres'... (https://www.mitrade.com/insights/news/live-news/article-3-1094412-20250904)