XRP News Today: XRP at Tipping Point: Triangle, Waves, and $9.69 in Sights

XRP is undergoing a period of consolidation near $2.80, with analysts closely monitoring key price levels that could signal a major bullish breakout. Technical analysis has identified a symmetrical triangle pattern forming under $3.00, with a potential break above $3.30 seen as a confirmation of higher targets. This structure aligns with historical price cycles observed in XRP’s chart, where extended consolidation has frequently preceded strong upward moves [1].

Support has developed near the $2.82 zone, repeatedly attracting buying interest despite the broader bearish sentiment in the market. Resistance is currently capped near $2.86–$2.88, where distribution pressures have intensified. A decisive close above these levels would confirm a breakout, unlocking targets at $3.00 and potentially as high as $9.69 according to Elliott Wave analysis. This framework suggests that XRP has completed a corrective phase, setting the stage for a powerful impulsive rally [2].

Analysts have used Fibonacci extensions to identify potential price targets for XRP. The 270.2% extension is currently near $3.35, with $5.85 and $18.22 as mid- to long-term objectives, respectively. These levels are based on prior price movements and align with the token’s historical behavior, where sideways consolidation has often led to sharp upward corrections [4].

Institutional activity is also shaping the market. While large wallets have accumulated approximately 340 million XRP over the past two weeks, institutional liquidations have totaled nearly $1.9 billion since July. This dynamic reflects a tug-of-war between accumulation and distribution, with traders watching closely for signs of a shift in momentum. XRP’s total transaction volume on the XRP Ledger surged to 2.15 billion XRP on September 1, doubling typical daily activity and signaling increased on-chain engagement [1].

Regulatory developments are another key factor influencing XRP’s outlook. The U.S. Securities and Exchange Commission (SEC) is reviewing over 90 filings for potential XRP-related ETFs, with seven decisions expected between October 18 and 25. Approval of these products could significantly improve liquidity and attract institutional demand, strengthening XRP’s position in regulated markets. The recent approval of a leveraged XRP futures ETF has already drawn new capital into the token’s ecosystem [4].

Despite the bullish technical setup, caution remains necessary. A breakdown below $2.65 could invalidate the current pattern and open the door to further short-term declines. Analysts emphasize that external catalysts—such as macroeconomic conditions, regulatory outcomes, and broader crypto market sentiment—will play a decisive role in shaping XRP’s trajectory in the coming months [4].

XRP currently trades near $2.85, with traders and analysts watching the $3.33 level as a critical psychological and technical threshold. A breakout above this price point could confirm a long-term bullish structure and open the path toward $5.85 and beyond. For now, the market remains in a holding pattern, with all eyes on key price levels and on-chain activity to determine the next move [4].

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 ... (https://thecryptobasic.com/2025/09/02/xrp-elliott-wave-structure-eyes-9-69-top-as-corrective-wave-2-concludes/)

[3] XRP price at critical level as $18 target comes into focus (https://www.fingerlakes1.com/2025/09/03/xrp-price-prediction-2025-breakout-targets/)

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

[5] XRP Last Leg: Analyst Uses Fib and Regression Model to ... (https://thecryptobasic.com/2025/09/01/xrp-last-leg-analyst-uses-fib-and-regression-model-to-predict-when-xrp-may-hit-27-this-cycle/)

[6] Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC ... (https://www.mitrade.com/insights/news/live-news/article-3-1090642-20250903)

[7] Analyst Shares 3 Reasons the XRP Bull Run Isn’t Over (https://thecryptobasic.com/2025/09/02/analyst-shares-3-reasons-the-xrp-bull-run-isnt-over/)