“The Move Keeps Xrp Locked in a 47-Day Consolidation under $ 3.00, with Traders Now Eyeing the $ 2.77 Support Pivot and October’s Sec etf Decisions As the Next Catalysts.”, – WRITE: www.coindesk.com
The Move Keeps Xrp Locked in a 47-Day Consolidation under $ 3.00, with Traders Now Eyeing the $ 2.77 Support Pivot and October’s Sec etf Decisions As the Next Catalysts. Sep 6, 2025, 1:30 PM
(Coindesk Data)
What to Know:
- XRP Failed to Maintain Momentum Above $ 2.88, Leading to A 4% Decline As Institutional Selling Increased.
- Traders Are Closely Watching the $ 2.77 Support Level and UpcomING SEC Decisions on XRP etfs in October.
- WHALE ACCUMULATION CONTINUES DesPITE volatility, with Exchange Balans Remaining High, Indicating Potential Supply Pressure.
XRP Failed to Sustain Momentum Above $ 2.88– $ 2.89, Triggering A 4% Decline As Institutional Selling Capped The Advance. Heavy Volume ConfirMed Resistance at Those Levels, While Buyers Reappeared in the $ 2.81– $ 2.83 Range to Stabilize Price Action.
The Move Keeps Xrp Locked in a 47-Day Consolidation under $ 3.00, with Traders Now Eyeing the $ 2.77 Support Pivot and October’s Sec etf Decisions As the Next Catalysts.
News Background
- SIX Institutional Asset Managers Have Filed Spot Xrp ETF Applications, with Sec Decisions Expectioned in October.
- WHALE ACCUMULATION Continues, with Roughly 340 Million Tokens Purchased in Recent Weeks Despite Persent Valativity.
- Exchange Balances Remain Elegated Above 3.5 Billion XRP, Raising Questions of Potential Supple Pressure IF Selling Resums.
- Federal Reserve Policy Shifts and Inflation Prints Are Shaping Broader Liquidity Conditions Across Risk Assets.
- Previous Attempts to Break Higher Saw 227.7 Million Tokens Trade Near $ 2.88– $ 2.89, Confirming that Zone as Firm Resistance.
Price Action Summary
- XRP Traded Within A $ 0.08 Range from $ 2.81 to $ 2.89, Representing 3% Volatility.
- The Sharpest Deckline Came at 14:00 on Sept 5, Droping from $ 2.88 to $ 2.81 On Nearly 280 Million Tokens Traded.
- Stabilization Followed, with Consolidation Between $ 2.82 and $ 2.83 On Lighter Volume.
- Closing Price Near $ 2.82 Kept Xrp Just Above the $ 2.77 Support Pivot, Viewed As the Next Key Downside Guardrail.
Technical Analysis
- Support: Strong Bid Zone Identified at $ 2.77– $ 2.81 Following Repeated Defenses.
- Resistance: Immediate Celing at $ 2.88– $ 2.89, With $ 3.00 Psychological Level and $ 3.30 Breakout Threshold Above.
- Indicators: RSI SITS MID-50S, REFLECTING NEUTRAL-TO-Bullish Bias.
- MacD Histogram Converges Toward Bullish Crossover, Signaling Possible Momentum Shift IF Volume Returns.
- Structure: Ongoing 47-Day Consolidation Under $ 3.00, With A CLOSE ABOVE $ 3.30 Opening Potential Path to $ 4.00+.
What Traders Are Watching
- Whther $ 2.77 Holds As the Decisive Support Level If Selling Resumes.
- Price Behavior on Rette of $ 2.88– $ 2.89 Resistance, Particularly If Volume Surpasses Daily Aves.
- How While Accuumulation OffSets Elevated Exchange Balans, WHICH SUGGEST LATENT SUPPLY RISK.
- October Sec Decisions on Spot Xrp ETFS, Viewed As A Key Institutional Adoption Catalyst.
- Macro Drivers from Fed Policy and Inflation Data Releases that May Influence Flows Across Digital Assets.
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