XRP News Today: XRP Hovers at $3 Threshold as ETF Hopes and Institutional Bets Build Pressure

XRP, the native token of Ripple, has remained in a narrow trading range near $2.88, with traders closely monitoring its ability to break above the $3 resistance level. Recent price action has seen XRP rebound from early September lows of $2.70, gaining over 2% in the past 24 hours and outperforming the broader cryptocurrency market. As of the latest data, XRP trades at approximately $2.88, with technical indicators suggesting it is approaching a potential breakout from its extended consolidation phase. The psychological $3 level has become a focal point for both technical and fundamental analysts, who see it as a key catalyst for a new upward trend in the near term. Analysts at Brave New Coin report that the price has maintained firm support above $2.70, reinforcing the notion that a sustained push above $3 could trigger a retest of its all-time high of $3.66 and beyond [1].

The growing optimism surrounding XRP is being fueled by speculation about a potential spot XRP ETF approval. Nate Geraci, president of ETF Store, has emphasized the underestimated demand for XRP ETFs, drawing comparisons to the early adoption of Bitcoin and Ethereum ETFs. Ripple CEO Brad Garlinghouse has also hinted that an XRP ETF could launch as early as 2025, with a strong focus on the fourth quarter. If approved, such an ETF could facilitate broader retail and institutional adoption, mirroring the billions in inflows that Bitcoin and Ethereum ETFs have already attracted [1]. Yahoo Finance notes that the XRP price gained 3% on Sunday, September 7, with much of the demand driven by speculative trading activity as traders anticipate the SEC’s October 18 deadline for reviewing spot XRP ETF applications [2].

Institutional interest in XRP has also been on the rise, with recent data showing that institutional investors have added 340 million XRP tokens despite market volatility. This accumulation has helped absorb selling pressure, even as the token faced a sharp pullback from $2.88 to $2.84 following a failed breakout attempt. CoinDesk reports that the selloff occurred amid heavy trading volume, with 227.75 million XRP tokens traded during a 12-hour period, nearly four times the 24-hour average [3]. While the short-term volatility underscores the uncertainty surrounding XRP’s next move, analysts argue that the prolonged 47-day consolidation phase could be a precursor to a significant breakout.

Looking ahead, several key events are expected to influence XRP’s price trajectory in the coming weeks. Regulatory developments, particularly the SEC’s decision on XRP ETF applications, are seen as a major driver. The Market Structure Bill and Ripple’s application for a U.S.-chartered bank license could also provide additional clarity for institutional investors. Additionally, macroeconomic factors such as the Federal Reserve’s anticipated rate cut in September are expected to create a favorable environment for risk assets like XRP. If these catalysts align, analysts believe XRP could not only retest its $3.66 peak but also see a move into the $4–$7 range by mid-October [1].

Traders are currently watching three critical levels on the XRP price chart. Support levels include $2.70 and $2.50, while resistance is focused on $3.00, $3.33, and the all-time high at $3.66. A breakout above $3.33 could set the stage for a retest of $3.66 and potentially new price discovery. Conversely, a rejection could force XRP back toward $2.70, with a deeper pullback risking a dip to $2.50. The coming two months, marked by ETF review deadlines and macroeconomic developments, are expected to play a pivotal role in determining whether XRP can break out of its correction phase and achieve a new all-time high.

Source:

[1] XRP Price Prediction: XRP Gears Up for Double-Digit Rally With $3 Resistance in Sight (https://bravenewcoin.com/insights/xrp-price-prediction-xrp-gears-up-for-double-digit-rally-with-3-resistance-in-sight)

[2] Ripple (XRP) Price Moves Toward $3 as Community Anticipates ETF Rulings (https://finance.yahoo.com/news/ripple-xrp-price-moves-toward-215804400.html)

[3] XRP Drops 4% After $2.88 Rejection as ETF Speculation Intensifies (https://www.coindesk.com/markets/2025/09/05/xrp-holds-usd2-84-after-v-shaped-recovery-from-midday-lows)