XRP News Today: XRP's Growing Real-World Use Challenges Its Price Struggles

XRP’s recent transaction volume has surged to 1.29 million in a 24-hour period, signaling growing network utility and adoption. This represents a notable increase compared to recent averages and is often associated with stronger market sentiment in the medium term [1]. The rise in on-chain activity suggests that XRP is being increasingly used for real-world transactions, potentially enhancing its role as a bridge currency within the XRP Ledger (XRPL).

The surge in transaction counts comes as XRP trades around $2.83, consolidating after a decline from a July peak near $3.80. The price is currently sandwiched between the 200-day moving average, a key long-term support level, and the 50-day moving average, which is trending downward [1]. Technically, critical support is located at $2.77, and a breakdown could see XRP test the 200-day MA at $2.57. On the other hand, a recovery above $2.91 would be a positive sign for bulls, indicating reduced short-term selling pressure. A sustained move above $3.05–$3.10 would confirm a return of bullish momentum [1].

A recent update to the XRP Ledger further supports the network’s potential for institutional adoption. The credentials amendment, now active on the network, allows for decentralized identity and compliance verification, aligning the XRP Ledger with traditional finance (TradFi) standards. This update enables users and institutions to issue and verify KYC and AML credentials on-chain, streamlining compliance and enhancing trust in the network. Ripple engineers have highlighted how this feature improves efficiency and privacy, as users no longer need to undergo repeated verification across multiple platforms [2].

Despite these developments, short-term price volatility persists. XRP recently dropped 4% after failing to maintain momentum above $2.88, with heavy volume confirming resistance in that range. Institutional selling and elevated exchange balances—currently above 3.5 billion XRP—raise concerns about potential supply pressure if selling resumes [1]. However, whale accumulation has continued, with approximately 340 million tokens purchased in recent weeks, suggesting some level of confidence among larger market participants.

Looking ahead, traders are closely monitoring the $2.77 support level and the October SEC decisions on spot XRP ETF applications as potential catalysts. If XRP manages to hold above $2.82, it could avoid a deeper correction and remain in a consolidation phase under $3.00. A breakout above $3.30 would open the door to further gains toward $4.00 and beyond [1].

Meanwhile, broader macroeconomic factors, including Federal Reserve policy and inflation data, are influencing liquidity conditions across risk assets. These factors could impact XRP’s price dynamics, particularly if traditional markets experience shifts in risk appetite [1].

Source:

[1] XRP Holds Above $2.82 After Sharp Decline, Technicals ... (https://www.coindesk.com/markets/2025/09/06/xrp-holds-above-usd2-82-after-sharp-decline-technicals-point-to-usd3-30-breakout-test)

[2] Ripple's XRP Ledger Just Introduced A Pivotal Update In ... (https://www.mitrade.com/insights/news/live-news/article-3-1101808-20250907)