What’s Next for XRP After Pullback From $3 Resistance?

XRP Retreats After $3 Breakout Falters Amid Rising Resistance
September 10, 2025

XRP struggled to maintain momentum above $3.00 on September 9–10, as institutional selling erased early gains. After briefly reaching $3.035, the token retreated to $2.94 by session close, signaling mounting resistance around $3.02. Traders are closely monitoring catalysts such as pending XRP ETFs and rising exchange reserves, which could cap bullish moves.

Market Drivers

• The Federal Reserve’s September 17 meeting is widely expected to deliver a 25-basis-point rate cut, potentially boosting liquidity for risk assets.
• Six XRP spot ETF applications are pending SEC review in October, a key factor for institutional adoption.
• Exchange custody balances have hit a 12-month high, raising concerns about near-term selling despite whale accumulation of 340M tokens.
• Analysts note parallels to XRP’s July breakout failure, emphasizing the $3.00 level as a crucial test.

Price Action & Technical Overview

• XRP traded in a $0.10 range (2.9%), from $2.935 to $3.035.
• Resistance near $3.02 capped gains, with a midday selloff dropping the token to $2.956 on 165.67M volume.
• Consolidation occurred near $2.94–$2.96, supported by institutional buying.
• Momentum: RSI shows early bullish divergence, though high exchange balances may weigh on follow-through.
• Outlook: Failed breakout suggests continued consolidation between $2.94–$3.00 unless volume returns.

What Traders Are Watching

• Ability to close above $2.95 to challenge $3.02 resistance.
• Impact of exchange reserves on selling pressure.
• SEC ETF approvals in October as a potential catalyst.
• Effects of the Fed’s rate cut on liquidity.
• Influence of whale inflows in offsetting selling pressure.