XRP News Today: Institutional XRP Bets Clash with Bearish Turbulence at $2.77 Support

XRP traders faced significant losses as the cryptocurrency's price dropped to $2.77, triggering $607 million in liquidations, according to recent market data. The decline, which followed a brief rebound from a key support level, highlighted the asset's heightened volatility and the growing pressure on leveraged positions. Whale accumulation of 340 million XRP over two weeks suggested institutional interest, yet short-term bearish trends persisted, with technical indicators pointing to potential further downside.

Technical analysis from Coindesk and Coinedition revealed a critical juncture for XRP. The price had repeatedly tested the $2.70–$2.73 support zone, which held despite heavy selling pressure. However, a breakdown below this level could expose $2.50 as the next structural support, while a breakout above $2.84 might rekindle bullish momentum toward $3.00–$3.30. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators showed neutral to bearish bias, with the RSI hovering near 45.59 and MACD bars compressing, signaling weakening upward momentum.

Whale activity added complexity to the market dynamics. Large investors accumulated 340 million XRP over two weeks, a sign of strategic positioning amid the broader bearish trend. Coindesk noted that this accumulation countered short-term retail liquidation flows, creating a tug-of-war between institutional buyers and macroeconomic headwinds. The on-chain activity spike of 164 million tokens traded during a mid-September rebound underscored the asset's sensitivity to large-scale movements.

Liquidation data from Gate and Coinglass highlighted the severity of the market's turbulence. A $2.70–$2.84 trading range over Aug. 31–Sept. 1 saw elevated leveraged position closures, with traders forced to exit as volatility widened. The liquidation heatmap revealed concentrated short-position liquidations (green zones) during price dips, suggesting potential short-squeeze scenarios if the market reversed. However, the prevailing bearish sentiment, reflected in the Fear & Greed Index at 70 (greed) and a 57% green-day ratio over 30 days, indicated caution for further declines.

Long-term price projections from CoinCodex and Coinedition painted a mixed picture. While XRP is forecasted to trade between $2.72 and $3.32 in 2025, the 2030 target of $9.27–$9.57 implies a 241% gain from current levels. Short-term bearish indicators, however, contrasted with these bullish forecasts, as the asset's recent lower highs-despite Bitcoin's new all-time highs-signaled waning buyer conviction. Coindesk analysts warned that each lower high increased the likelihood of a breakdown below the $2.65–$2.70 support zone, potentially leading to a $2.00 correction.

The broader crypto market's volatility, driven by macroeconomic factors like Federal Reserve policies and geopolitical tensions, further amplified XRP's challenges. Bitcoin's influence as a market bellwether meant that altcoin traders faced amplified risks during pullbacks. OKX's analysis noted that XRP's regulatory uncertainty, particularly its ongoing SEC litigation, compounded its vulnerability compared to Bitcoin's more established institutional adoption.

Sources:

[1] Coindesk (https://www.coindesk.com/markets/2025/09/01/xrp-volatility-widens-as-price-holds-usd2-77-support-amid-340m-token-accumulation)

[2] CoinCodex (https://coincodex.com/crypto/ripple/price-prediction/)

[3] Coinedition (https://coinedition.com/ripple-xrp-price-prediction/)

[4] Gate (https://www.gate.com/crypto-market-data/funds/liquidation-data)

[5] Coindesk (https://www.coindesk.com/markets/2025/10/08/xrp-crash-brewing-prices-continue-to-print-lower-highs-alongside-new-highs-in-bitcoin)

[6] OKX (https://www.okx.com/learn/xrp-bitcoin-price-etf-volatility)