XRP News Today: XRP's $2.82 Defense: The Battle for $3.65 and a $4+ Future

XRP’s price has experienced a significant drawdown, reaching -20% from its all-time high (ATH), as the broader cryptocurrency market braces for a potential recovery in 2025. As of recent trading, XRP is hovering around $2.82, having fallen from its July peak of $3.65. The decline has coincided with a 47-day consolidation period below the $3.00 psychological level, where traders remain closely monitoring key support and resistance levels. According to technical analysis, the $2.77 support level is seen as the next critical threshold, with a break below this level potentially triggering further downside pressure [3].

The recent price action has been influenced by several factors, including institutional selling pressure and elevated exchange balances, which currently sit above 3.5 billion XRP. Despite these challenges, whale accumulation remains strong, with approximately 340 million XRP tokens being purchased in recent weeks. This buying activity, however, has yet to fully counter the bearish sentiment caused by persistent volatility and the lingering threat of supply-side pressure [3].

Looking ahead, the market’s focus is shifting toward October, when the U.S. Securities and Exchange Commission (SEC) is expected to make decisions on six spot XRP ETF applications. Analysts view these decisions as a potential catalyst for institutional adoption and broader market sentiment. Meanwhile, macroeconomic factors such as Federal Reserve policy shifts and inflation data are also expected to play a pivotal role in shaping liquidity conditions for risk assets, including XRP [3].

While XRP has yet to break out of its consolidation phase, some analysts remain optimistic about its long-term potential. According to one analyst, the next phase of growth could begin only after XRP surpasses its ATH. A move above $3.65 would not only validate bullish momentum but also open the door to a potential $4.00+ price target, based on Fibonacci extension models and historical price patterns [4].

The XRP/ETH trading pair has also shown early signs of a reversal, with a higher low forming and a breakout above 0.00071 level potentially confirming a shift in direction. This would align with broader risk-on sentiment driven by expectations of a 25-basis-point rate cut by the Federal Reserve in late September and ongoing geopolitical dynamics between the U.S. and China [4].

Despite these positive indicators, caution persists among traders due to bearish divergence on the weekly chart. Analysts suggest that XRP’s ability to sustain above $2.81–$2.83, following a 4% decline from $2.88–$2.89, will be key to maintaining market confidence. For now, the asset remains in a critical phase, where price behavior around key resistance and support levels will determine whether a larger breakout is on the horizon [3].

Source:

[1] XRP Stalls as Mutuum Finance (MUTM) Gains Whale Interest This September (https://www.cryptopolitan.com/xrp-stalls-as-mutuum-finance-mutm-gains-whale-interest-this-september/)

[2] XRP Price Stumbles at $2.9 – What's the Next Downside (https://www.fastbull.com/news-detail/xrp-price-stumbles-at-29--whats-the-news_6300_0_2025_3_9891_3/6300_BNB-USDC)

[3] XRP Holds Above $2.82 After Sharp Decline, Technicals Point to $3.30 Breakout Test (https://cryptoadventure.com/xrp-holds-above-2-82-after-sharp-decline-technicals-point-to-3-30-breakout-test)

[4] XRP's 6% Weekly Surge Is Just the Warm-Up Before the Real Rally (https://cryptoadventure.com/xrps-6-weekly-surge-is-just-the-warm-up-before-the-real-rally-analyst/)