XRP News Today: XRP’s $3.30 Hurdle Could Define Its Next Bullish Chapter

XRP is navigating a critical phase in its price trajectory, with analysts emphasizing technical patterns and historical behavior as potential indicators of its next move. The token has been consolidating within a narrow range around $2.80–$2.86 in recent days, with key support levels at $2.72 and $2.82 showing resilience against bearish pressure. According to recent on-chain data, large wallets have been accumulating over 340 million XRP in the past two weeks, amounting to approximately $960 million, despite broader institutional liquidation activity that has totaled around $1.9 billion since July 2025 [1].

Technical analysis highlights the formation of a symmetrical triangle pattern under $3.00, with $3.30 positioned as a potential breakout confirmation level. Analysts such as Dark Defender suggest that XRP is aligning with long-term historical price cycles, with a successful breakout above $3.33 potentially unlocking targets of $5.85, $10, and even $18.22, based on Fibonacci extensions and Elliott Wave structures [3]. These projections draw from past XRP cycles where extended consolidation was followed by sharp upward moves.

XRP’s trading activity also shows signs of strengthening institutional involvement. Total transaction volume on the XRP Ledger reached 2.15 billion XRP on September 1, more than double the average daily volume [1]. This uptick in volume, coupled with neutral to slightly bullish momentum on the RSI and a converging MACD histogram, suggests that XRP may be entering a phase of higher volatility and potential directional movement.

Analysts remain divided on the immediate outlook. While some emphasize the potential for a strong third Elliott Wave rally from $2.72—historically a key support level—others warn of increasing resistance near $2.86–$2.88 and the psychological $3.00 barrier [2]. If XRP fails to break above $3.30, it could risk retracing to lower support levels such as $2.70 or even $2.50, invalidating the bullish scenario.

Broader market dynamics are also influencing sentiment. The token is benefiting from a general uptrend in the crypto market, with Bitcoin trading above $110,000 and Ethereum holding above $4,232. Ripple-related news, including regulatory updates and speculation about XRP ETF approvals, has further bolstered optimism. For instance, the U.S. Securities and Exchange Commission is reportedly reviewing over 90 filings for potential XRP ETFs, with decisions expected between October 18 and 25 [3]. These developments could enhance institutional adoption and liquidity for XRP in regulated markets.

Meanwhile, traders are closely watching whale activity and exchange flows. Large outflows from platforms such as Upbit—exceeding 536 million XRP—contrast with net buying on Coinbase and Bitstamp, highlighting the token’s exposure to regional trading behavior [2]. If accumulation continues and institutional selling slows, XRP could gain stronger footing for an extended rally.

The path forward for XRP remains contingent on several key factors: the sustainability of bullish momentum above $2.82, a decisive breakout above $3.33, and the outcome of ongoing regulatory developments. Analysts agree that while the long-term case remains intact, short-term volatility and macroeconomic conditions will play a decisive role in determining the token’s next major move.

Source:

[1] XRP Symmetrical Triangle Forms Under $3.00, $3.30 ... (https://www.coindesk.com/markets/2025/09/04/xrp-symmetrical-triangle-forms-under-usd3-00-usd3-30-breakout-level-in-focus)

[2] XRP Elliott Wave Structure Eyes $9.69 Top as Corrective Wave 2 Concludes (https://thecryptobasic.com/2025/09/02/xrp-elliott-wave-structure-eyes-9-69-top-as-corrective-wave-2-concludes/)

[3] XRP Price Prediction: Analysts Eye $3.33 and Beyond as Market Momentum Builds (https://bravenewcoin.com/insights/xrp-price-prediction-analysts-eye-3-33-and-beyond-as-market-momentum-builds)