Institutional Confidence Fuels BTC and XRP Bullish Momentum

Bitcoin and XRP are currently navigating a dynamic phase shaped by macroeconomic developments and institutional activity. Recent data shows Bitcoin (BTC) stabilizing above $111,800, with a 0.7% gain in the past 24 hours, driven by a 100% probability of a Federal Reserve rate cut at its September meeting. The U.S. Nonfarm Payrolls report, which revealed weaker-than-expected job additions and rising unemployment, has intensified expectations for three rate cuts by the end of 2025. These monetary policy shifts are seen as favorable for cryptocurrencies, historically linked to declining U.S. dollar strength and increased risk-on sentiment.

Bitcoin’s technical indicators also support a bullish narrative. The RSI is approaching the neutral 50 level, and a bullish MACD crossover suggests growing buying pressure. Institutional activity further reinforces this optimism. Japanese firm Metaplanet added 136 BTC to its holdings in a single transaction, while El Salvador, the first country to adopt Bitcoin as legal tender, has purchased 6,313 BTC worth over $706 million. Bitcoin spot ETFs have recorded $246.42 million in inflows, indicating sustained institutional demand. Analysts note that if BTC remains above $105,500–$110,000 support levels, it could test $116,000, a key resistance level that, if breached, could spark a larger rally.

Ripple’s XRP is also experiencing a rally amid similar macroeconomic tailwinds and favorable technical conditions. On September 9, XRP climbed 4.15% to $3.02, marking its third consecutive day of gains and pushing the token back above the psychological $3.00 level. This surge is attributed to a 99% probability of a Fed rate cut and Ripple’s expanded custody partnership with Spanish bank BBVA. The collaboration allows BBVA to offer custody services for Bitcoin and Ethereum under the EU’s Markets in Crypto Assets (MiCA) framework, a move seen as a validation of Ripple’s institutional adoption.

Technical analysis of XRP/USDT shows a breakout above the $2.96–$3.00 resistance zone, with the RSI in neutral-to-bullish territory and the MACD histogram converging toward a bullish crossover. If the trend continues, XRP could reach $3.30, offering a 21% upside, or even $4.70, a 55% gain, based on a flag pattern. Whale accumulation, with reported purchases of $700 million in XRP, also suggests strong institutional positioning. However, traders are monitoring the $2.99–$3.00 level as potential support and the $3.30–$3.50 range as the next major resistance.

The broader cryptocurrency market is also showing signs of resilience, with Bitcoin ETF inflows and XRP’s institutional partnerships contributing to a supportive backdrop. For Bitcoin, analysts project a target range of $105,000 to $118,000, supported by sustained institutional interest and technical indicators. XRP’s performance, driven by regulatory clarity and cross-border utility, is distinguishing it from other cryptocurrencies, particularly in terms of institutional adoption and transaction efficiency. These factors, combined with potential ETF approvals and continued whale accumulation, are seen as key drivers for XRP’s upward trajectory.

Market participants remain cautious, however, as risks persist. If Bitcoin fails to hold above $105,500, a correction could extend further, while XRP’s ability to maintain momentum above $3.00 will be critical for validating the bullish setup. In both cases, macroeconomic data, Fed communication, and regulatory developments will play pivotal roles in shaping the next phase of the crypto cycle. Analysts emphasize the importance of monitoring these variables alongside technical indicators to gauge the likelihood of sustained gains.