XRP News Today: Investors Bet Big on XRP as Bullish Bets Clash With Technical Red Flags

XRP has seen a significant surge in accumulation over the past month, with investors purchasing approximately 1.7 million tokens — the largest net position change in over two years. This activity suggests growing optimism among market participants, who appear to be positioning themselves ahead of a potential price rebound. Despite the broader crypto market’s volatility, on-chain data indicates that investors view XRP as a potentially undervalued asset with room for upward movement [1]. The accumulation has coincided with XRP trading near the $2.83 level, just below a key $2.85 resistance level. If this threshold is breached, the token could move toward $2.95, with a subsequent break above $3.07 signaling renewed bullish momentum [1].

However, mixed signals have emerged from key technical indicators. The Network Value to Transactions (NVT) ratio has spiked to a two-month high, raising concerns that XRP’s valuation may be outpacing its actual transaction activity. A sharp 441% increase in the NVT ratio within 24 hours has triggered caution among analysts, with historical data showing that such spikes can precede short-term corrections [2]. This divergence between valuation and usage could create near-term resistance for the price, particularly if the NVT remains elevated. While a high NVT is not necessarily a bearish signal, it does indicate that market expectations may be running ahead of fundamentals.

Technical analysis also highlights the importance of the $2.81 support level. XRP has struggled to maintain stability above this threshold, with traders closely watching for signs of a breakdown that could send the token toward $2.65 or even $2.52. A successful defense of $2.81, on the other hand, could open the door for a recovery toward $3.20. On-chain metrics such as the Spot Taker CVD indicate ongoing sell-side dominance, reinforcing the idea that institutional and retail sellers remain in control [2]. However, this trend could reverse if accumulation resumes at key support levels.

Further complicating the outlook is the potential for regulatory action in October. Six institutional asset managers have submitted applications for spot XRP ETFs, with the U.S. Securities and Exchange Commission (SEC) expected to issue its decisions by the end of the month. The approval of such products could significantly boost institutional interest in XRP, providing a catalyst for broader adoption and price movement [3]. Whale accumulation, which has seen 340 million tokens purchased in recent weeks, suggests that long-term holders remain bullish despite the current volatility. However, elevated exchange balances — currently exceeding 3.5 billion XRP — continue to pose a risk if selling pressure intensifies.

Looking ahead, traders are closely monitoring the price’s behavior around $2.88–$2.89, a previously identified resistance zone. A retest of these levels with strong volume could indicate renewed buying interest, while a breakdown would likely trigger a deeper correction. The ongoing 47-day consolidation under $3.00 also highlights the market’s indecision, with a sustained move above $3.30 potentially opening the path to higher targets [3]. With macroeconomic factors, including Federal Reserve policy and inflation data, also influencing broader risk assets, the next few weeks could prove critical for XRP’s trajectory.

Source:

[1] XRP Price Receives Major Bullish Indicator After Record Buy (https://beincrypto.com/xrp-price-two-year-high-accumulation/)

[2] XRP price support at $2.81 tested again (https://ambcrypto.com/xrp-price-support-at-2-81-tested-again-who-decides-the-next-move/)

[3] 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)