XRP News Today: Whales and Fed Watch: XRP Poised for Breakout Amid Rate Cut Hopes

XRP traded at $2.87 as of recent sessions, with technical indicators showing bullish momentum despite the token facing resistance at key price levels. The cryptocurrency surged to $2.88 during a breakout attempt but was unable to maintain gains above $2.90–$2.92. This resistance capped upside movement, though the price held firm above $2.86 support, indicating strong accumulation activity. The volume during the breakout reached six times the average daily trading volume, reinforcing the significance of the attempted move [1].

Market anticipation of a 25-basis-point Federal Reserve rate cut on September 17 has intensified, with futures markets pricing a 99% probability of the cut. This event is expected to impact liquidity and drive increased institutional flows into the cryptocurrency markets [1]. Analysts and traders are closely monitoring the potential implications of this macroeconomic event, with many expecting a favorable environment for XRP and other risk-on assets [4].

XRP has formed a symmetrical triangle pattern, a technical formation that typically precedes a decisive price movement. The pattern shows key support at $2.76 and resistance at $2.95, with recent price action consolidating within this range [2]. The 50-day and 200-day exponential moving averages currently sit at $2.82 and $2.88, respectively, highlighting the proximity of XRP to its recent consolidation floor [2]. The RSI stands at 58, reflecting a neutral-to-bullish momentum, while the MACD histogram shows signs of a bullish crossover, supporting the accumulation trend [2].

Whale accumulation remains a key factor in the XRP price narrative. On-chain data shows that investors have accumulated 1.7 million XRP in the past month, the largest net position change in nearly two years [2]. Additionally, reports indicate that over 340 million XRP have been acquired by large-scale investors in recent weeks, suggesting strong long-term conviction among market participants [2]. However, some caution is warranted as the Network Value to Transactions (NVT) ratio has reached a two-month high, potentially signaling short-term overvaluation and a risk of pullbacks [3].

The broader market is also watching for developments in the regulatory space. The U.S. Securities and Exchange Commission (SEC) is scheduled to issue rulings on spot XRP ETF applications in October. These decisions could serve as a major catalyst for XRP, with approval likely to trigger structural institutional inflows similar to those seen with Bitcoin and Ethereum ETFs [1]. Conversely, delays or rejections may cap momentum and limit the token’s ability to break through the $3.00 psychological level [1].

Looking ahead, XRP’s next move will likely be influenced by several factors. The Federal Reserve’s September meeting remains a key event, with traders anticipating a significant impact on liquidity and risk appetite. Additionally, the token’s ability to maintain control of key support levels and break above resistance will determine its trajectory in the coming weeks. With macroeconomic tailwinds and growing institutional interest, XRP remains a focal point for both retail and institutional investors, positioning it for potential gains if the bullish technical setup plays out [3].

Source:

[1] XRP Price News: Consolidates Under $3 as Descending Triangle Narrows (https://www.coindesk.com/markets/2025/09/08/what-next-as-xrp-consolidates-under-usd3-as-descending-triangle-narrows)

[2] XRP Price Prediction: Whales Accumulate as Triangle Pattern Sets Stage for Next Major Move (https://coincentral.com/xrp-price-prediction-whales-accumulate-as-triangle-pattern-sets-stage-for-next-major-move/)

[3] XRP Analyst Sees Symmetrical Triangle Setup Signaling 25% Price Move (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-analyst-sees-symmetrical-triangle-setup-signaling-25-price-move)

[4] Here's Why a Fed Rate Cut Could be Great News for XRP (https://finance.yahoo.com/news/heres-why-fed-rate-cut-094500210.html)

[5] Could an Interest Rate Cut From the Fed Help or Hurt XRP? (https://www.fool.com/investing/2025/09/03/could-an-interest-rate-cut-from-the-fed-help-or-hu/)

[6] XRP Has Risen 400% In 1 Year: Will It Hit $4 After a Rate Cut? (https://watcher.guru/news/xrp-has-risen-400-in-1-year-will-it-hit-4-after-a-rate-cut)