XRP News Today: XRP Trapped in Stalemate: Will SEC or BTC Move the Needle?

XRP remains under pressure in the context of a broader cryptocurrency market that continues to assess its positioning against Bitcoin, with many analysts and investors scrutinizing its potential to break out of its prolonged consolidation phase. As of recent trading activity, XRP hovers around the $2.82 level, failing to sustain gains above $2.88 amid increased institutional selling. A sharp decline of 4% occurred on Sept. 5, pushing the token temporarily below $2.81, though a stabilizing rebound followed, keeping XRP just above a critical support zone at $2.77. This consolidation phase, now stretching over 47 days, underscores a technical standoff as traders await a catalyst that could break the current stagnation [7].

The token’s future trajectory may hinge on regulatory developments, particularly the U.S. Securities and Exchange Commission’s (SEC) decisions on spot XRP ETF applications, expected in October. Six institutional asset managers have submitted these applications, which could represent a pivotal shift in institutional adoption and provide a much-needed impetus for XRP’s price. Whale accumulation has persisted despite the volatility, with approximately 340 million tokens being purchased in recent weeks. However, elevated exchange balances—currently above 3.5 billion XRP—raise concerns about latent supply pressure should selling activity resume [7].

In parallel, Bitcoin (BTC) has shown reluctance to respond to expectations of a Federal Reserve rate cut, with prices lingering below $112,000 despite a weak August U.S. jobs report. The lack of a significant rally in BTC has further complicated the environment for altcoins like XRP, as correlation effects reinforce downward momentum. A double top pattern on BTC’s chart has emerged as a bearish signal, with prices failing to reclaim a key neckline at $111,982. If BTC continues its current trajectory, it could heighten pressure on XRP, which has historically mirrored Bitcoin’s movements [4].

Yet speculative scenarios involving XRP remain intriguing. If the top 10 central banks were to allocate a portion of their combined $13 trillion in reserves to XRP, even a modest 1% allocation would elevate the token’s price to $5.09. A 10% allocation, representing $1.3 trillion, could theoretically push XRP to $22.58 per coin. While these projections are largely speculative, they highlight the potential impact of large-scale institutional interest. Central banks such as those in China, Japan, and the U.S. have shown growing openness to crypto assets, albeit primarily through Bitcoin. XRP, with its cross-border payment utility and ongoing regulatory progress, could emerge as a secondary beneficiary if such trends continue [2].

Further fueling discussions is the possibility of XRP’s price responding to Bitcoin’s long-term trajectory. A Bitwise report suggests that Bitcoin could reach $1.3 million to $2.97 million by 2035, depending on market conditions. Given a near-perfect correlation coefficient of 0.91 between Bitcoin and XRP over the past three months, the latter could follow a similar trajectory. For example, if Bitcoin reaches Bitwise’s upper prediction of $2.97 million, XRP might see a 2,575% surge, potentially reaching $75.7 per token. Analysts from Telegaon expect even higher prices, forecasting a potential $151.4 target for XRP by 2040 [5].

Despite these bullish scenarios, the token faces immediate challenges. Technical indicators suggest a prolonged consolidation phase under $3.00, with resistance forming at $2.88–$2.89 and critical support at $2.77. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators show mixed signals, with a neutral-to-bullish bias currently prevailing. A sustained breakout above $3.30 could open the path to $4.00 and beyond, but until then, XRP remains confined in a trading range defined by volatility and speculative positioning [7].

As the market awaits the October SEC decisions and potential Fed rate cuts, the balance of power between XRP and BTC will likely remain a focal point for traders and investors. While XRP’s fundamentals and regulatory progress provide some optimism, the broader market dynamics, including institutional adoption and macroeconomic factors, will ultimately determine whether it can escape its current impasse and stake a claim as a significant player in the crypto landscape [1,2,4,5,7].

Source:

[1] XRP Price Prediction: Is Triple-Digit Target Incoming? (https://coinpedia.org/news/xrp-price-prediction-is-triple-digit-target-incoming/)

[2] Here's XRP Price If It Becomes the First Coin Held by Top 10 Central Banks (https://thecryptobasic.com/2025/09/06/heres-xrp-price-if-it-becomes-the-first-coin-held-by-top-10-central-banks/)

[3] Ripple Price Analysis: XRP's Failure to Break Out of Consolidation Spells Trouble Ahead (https://cryptoadventure.com/ripple-price-analysis-xrps-failure-to-break-out-of-consolidation-spells-trouble-ahead/)

[4] Bitcoin (BTC) Doesn't Cheer Fed Cut Bets. What Next? (https://www.coindesk.com/markets/2025/09/06/bitcoin-doesn-t-cheer-fed-cut-bets-what-next)

[5] Possible XRP Worth if Bitcoin Hits Bitwise-Predicted $2.97M (https://thecryptobasic.com/2025/09/06/possible-xrp-worth-if-bitcoin-hits-bitwise-predicted-2-97m/)

[6] XRP to BTC: XRP Price in Bitcoin (https://www.coingecko.com/en/coins/xrp/btc)

[7] XRP Holds Above $2.82 After Sharp Decline, Technicals Point to $3.30 Breakout Test (https://www.coindesk.com/markets/2025/09/06/xrp-holds-above-usd2-82-after-sharp-decline-technicals-point-to-usd3-30-breakout-test)