XRP News Today: Institutional Bets Mount as XRP Fights to Break $2.88 Resistance

XRP, the digital asset issued by Ripple, dropped 4% in intraday trading on September 5, 2025, after failing to break through the $2.88–$2.89 resistance zone, despite ongoing speculation surrounding potential approvals for spot XRP exchange-traded funds (ETFs) [1]. The price declined from an intraday high of $2.89 to a low of $2.84, closing near $2.84 amid increased volatility and significant trading volume [1]. During the 12:00 hour alone, trading volume surged to 227.75 million, nearly four times the 24-hour average of 58.40 million, indicating heightened institutional activity [1].

The recent price action follows a broader pattern of consolidation over the past 47 days, with XRP trading within a $0.10 range of $2.78 to $2.89. Analysts have drawn comparisons to XRP’s 2017 market behavior, which preceded a parabolic rally, suggesting that a breakout could potentially lead to price targets as high as $4.63 or even $13 [1]. However, the current resistance levels remain unbroken, with the $2.88–$2.89 zone having previously resisted multiple attempts at a sustained move higher.

Institutional investors have played a notable role in shaping the asset’s recent performance. Over the past several weeks, they have added 340 million XRP tokens, despite ongoing price fluctuations and distribution pressure from larger holders [1]. This accumulation has helped absorb some of the selling pressure during key price rejections, such as the rejection at $2.88 on September 5. Analysts are closely watching whether this trend of institutional buying continues in the coming weeks, especially as the market approaches potential regulatory milestones.

Regulatory developments remain a central factor influencing XRP’s trajectory. Six asset managers, including Grayscale and Bitwise, have submitted applications for spot XRP ETFs, with decisions from the U.S. Securities and Exchange Commission (SEC) anticipated in October 2025 [1]. The likelihood of approval has increased following Ripple’s legal settlement with the SEC, which has improved the regulatory landscape for XRP-based products. Industry estimates now suggest an 87% probability of ETF approval, which could serve as a significant bullish trigger for the asset.

Technical indicators suggest that XRP remains in a neutral to mildly bullish phase. The Relative Strength Index (RSI) is positioned in the mid-50s, indicating a lack of strong momentum in either direction, while the Moving Average Convergence Divergence (MACD) histogram is approaching a potential bullish crossover [1]. Traders are closely monitoring whether XRP can hold the $2.77 support level and whether there are signs of a continuation move above the $3.30 threshold, which could open the door to higher price levels. The path forward remains highly dependent on both institutional activity and the outcome of regulatory decisions expected later in the year.

Source: [1] XRP Holds $2.84 After V-Shaped Recovery From Midday Lows (https://www.coindesk.com/markets/2025/09/05/xrp-holds-usd2-84-after-v-shaped-recovery-from-midday-lows)