XRP News Today: XRP Stuck at $3 as Whales Accumulate and Bearish Cloud Lingers

XRP, the native token of the XRP Ledger, has struggled to break above the $3 psychological barrier amid mixed technical and on-chain signals, despite regulatory developments that have improved its long-term prospects. As of early September 2025, the token has traded within a narrow range between $2.81 and $2.87, with large wallets accumulating 340 million XRP (~$960 million) over the past two weeks, even as institutional liquidations have amounted to approximately $1.9 billion since July [1]. On-chain data indicates increased activity on the XRP Ledger, with total transaction volume reaching 2.15 billion XRP on September 1, doubling the typical daily volume [1].

Technical indicators reflect a consolidation phase, with XRP forming a symmetrical triangle pattern under $3.00. Analysts are divided, with some identifying potential for a breakout toward $3.30 and, ultimately, $7–$13, while others caution that resistance below key trendlines could signal a continuation of bearish sentiment [1]. The Relative Strength Index (RSI) remains neutral at around 50, and the Moving Average Convergence Divergence (MACD) suggests potential for bullish momentum if volume sustains its recent increases. However, resistance between $2.86 and $2.88 continues to cap upside movement, and a break below $2.82 could trigger further downside toward $2.70 [1].

The recent resolution of Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) has been a notable catalyst for XRP. In August 2024, a favorable court ruling followed by the SEC dropping its appeal ended a five-year legal conflict, removing a major overhang and increasing the likelihood of regulatory clarity for XRP-based products [2]. This development has also led to speculation about the potential approval of spot XRP exchange-traded funds (ETFs, similar to the recently approved ProShares Ultra XRP ETF, which is based on futures contracts [2].

Despite these developments, XRP faces headwinds from its fundamental structure. Unlike decentralized cryptocurrencies such as Bitcoin, XRP is controlled by Ripple, which manages 40.5 billion of the total 100 billion tokens. This centralized issuance model raises concerns among investors about the token's exposure to corporate risks, particularly in light of the SEC dispute [2]. Additionally, the XRP Ledger supports fiat-based cross-border transactions, meaning that increased adoption of Ripple's payment network does not necessarily translate into higher XRP demand [2].

Market dynamics remain fragile, with price action confined within a descending triangle between $2.77 and $2.95. Traders are watching for a decisive move above $2.95 to confirm bullish sentiment, but current momentum remains muted [3]. Volume has dipped below average levels since mid-August, signaling waning conviction from both buyers and sellers [3]. If XRP fails to reclaim $2.95–$3.00, analysts warn that the 50-day EMA flattening and the 100-day EMA at $2.77 could signal a deeper correction toward $2.50 [3].

The path to $3 appears increasingly difficult without a significant shift in institutional sentiment or macroeconomic factors. While bullish patterns and whale activity suggest potential for a breakout, bearish pressures from long-term holders selling off tokens and the lack of immediate regulatory clarity for spot ETFs remain key constraints [4]. As such, the near-term outlook for XRP remains cautiously bearish, with the $2.82 support level being the immediate focus for traders.

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 (Ripple) Plunged Below $3. Buy the dip, or run for ... (https://www.nasdaq.com/articles/xrp-ripple-plunged-below-3-buy-dip-or-run-hills) [3] XRP Price Prediction: Analysts Track $3 Breakout As Cycle Patterns Reemerge (https://cryptorank.io/news/feed/666e9-xrp-price-prediction-analysts-track-3-breakout-as-cycle-patterns-reemerge) [4] XRP: $3 Dream looks Crushed (https://u.today/xrp-3-dream-looks-crushed)