XRP News Today: Whales Stake $960M in XRP as ETF Hopes Fuel $4.00 Race

XRP, the native token of Ripple’s XRP Ledger, is currently trading near a critical support level of $2.70, which has become a focal point for traders and investors. If the price manages to hold above this level amid ongoing macroeconomic uncertainties, it could signal the start of a potential rally toward $3.30 or beyond. This development comes amid heightened attention on the U.S. Securities and Exchange Commission’s (SEC) upcoming decisions on a record 15 XRP-focused ETF applications, which have the potential to unlock significant institutional demand for the asset.

In the past two weeks, whales—large holders of XRP—have accumulated approximately 340 million XRP tokens, valued at roughly $960 million, indicating a strong long-term conviction in the asset despite broader market selling pressure. This accumulation has helped offset the recent downturn, keeping XRP above the $2.5 psychological level. The price has traded within a 4% range over the last 24 hours, with notable spikes in trading volume suggesting increased activity from both institutional and retail participants.

From a technical perspective, XRP has shown signs of potential bullish momentum. The Relative Strength Index (RSI) is currently in the mid-50s, suggesting a shift from bearish to neutral-to-bullish conditions. Additionally, the Moving Average Convergence Divergence (MACD) histogram is converging toward a bullish crossover, which could confirm a reversal if trading volume remains robust. A symmetrical triangle pattern has formed below the $3.00 psychological level, and a sustained breakout above $3.30 could set the stage for a move toward $4.00 and beyond.

September, historically a challenging month for cryptocurrencies due to macroeconomic uncertainties, has intensified the need for clarity in XRP’s price direction. The token has faced selling pressure over the past few weeks, driven by broader risk-averse sentiment in the market and geopolitical uncertainties. However, with whales absorbing much of this pressure, the market is waiting for confirmation that the $2.70 support level can hold. A break below this level would likely shift the focus to the next major support level at $2.50.

The potential approval of XRP ETFs has also introduced a new layer of optimism. Analysts have projected that spot XRP ETFs could attract over $5 billion in inflows within their first month of trading, based on recent performance from leveraged products like Teucrium’s XXRP ETF, which has already surpassed $300 million in assets under management. These figures underscore the growing institutional interest in XRP and the potential for significant capital inflows once regulatory hurdles are cleared. The ETF applications, which include both spot and derivative-based products, are expected to be reviewed by the SEC in October 2025, adding to the anticipation.

In the short term, traders are closely monitoring several key indicators. A breakout above $2.83 and subsequently $3.00 would be necessary for a continuation of the bullish trend. Confirmation of this momentum would likely come from the RSI moving above 60 and a MACD crossover on rising volume. Meanwhile, ongoing whale accumulation and the ability to absorb further selling pressure in September will be critical for maintaining investor confidence.

The current market dynamics highlight a divergence between short-term institutional selling and long-term institutional buying. While institutional liquidations have amounted to $1.9 billion since July, whale accumulation has offset some of this pressure. This divergence suggests that XRP is in a transitional phase, where short-term volatility could give way to a more sustained recovery if key resistance levels are overcome.

Looking ahead, the approval of XRP ETFs could serve as a major catalyst for the token’s price. Similar to the impact seen with Bitcoin ETFs earlier this year, the introduction of XRP ETFs could lead to a surge in demand from both institutional and retail investors. This, in turn, could drive the price toward $3.30 and potentially beyond, depending on the magnitude of the inflows and the overall market environment.

Source: [1] XRP Price Analysis: $2.70 Floor Defended, $3.30 Breakout [https://www.coindesk.com/markets/2025/09/02/xrp-consolidates-below-usd3-as-rsi-and-macd-signal-potential-breakout] [2] XRP finds support at $2.70, targets the $3 resistance [https://cryptorank.io/news/feed/3d4e3-xrp-finds-support-at-2-70-targets-the-3-resistance-check-forecast] [3] XRP ETF approval seen to unlock $5bn bonanza, but 'people ... [https://finance.yahoo.com/news/xrp-etf-approval-seen-unlock-121250497.html] [4] 15 XRP ETFs Now Pending as SEC Filings Surge [https://cryptodnes.bg/en/15-xrp-etfs-now-pending-as-sec-filings-surge/] [5] Here is XRP Price by December 2025 if SEC Approves ... [https://thecryptobasic.com/2025/09/03/here-is-xrp-price-by-december-2025-if-sec-approves-all-spot-xrp-etfs-by-october/] [6] Major Exchange's XRP Reserves Jump 797% In One Hour [https://dailycoin.com/major-eu-exchanges-xrp-reserves-jump-797-in-one-hour/] [7] Will XRP price drop toward $2 or reverse course? [https://www.fastbull.com/news-detail/will-xrp-price-drop-toward-2-or-reverse-news_6100_0_2025_3_9926_3/6100_BTC-USDT] [8] Can XRP Price Fall 10% in September 2025? The new ... [https://www.financemagnates.com/trending/can-xrp-price-fall-10-in-september-2025-the-new-price-predictions-and-technical-analysis/]