XRP’s price action is turning heads this September 2, 2025, as the cryptocurrency inches toward what analysts are calling a potential bullish crossover. The window between September 1 and 2 saw XRP rise by 3%, trading within a band of $2.70 to $2.83, fueled by institutional activity and significant whale accumulation.
Institutional Influence and Whale Activity
In a day marked by heightened volatility, XRP’s price movement was anything but ordinary. Institutional trades spiked early, with a staggering 164.9 million XRP exchanged between 07:00 and 08:00 GMT—almost double the usual daily volume of 86 million. This surge points to a growing interest from large-scale investors, perhaps enticed by the prospect of upcoming regulatory approvals. Meanwhile, whales have been busy, amassing 340 million XRP (worth approximately $960 million) over the last two weeks. This accumulation suggests a strong belief in XRP’s long-term potential, even as broader market conditions remain somewhat tepid. As explored in XRP Becomes Top 3 Coin on Major US Exchange, this institutional interest has also propelled XRP into the top ranks on major exchanges.
Technical Indicators and Market Dynamics
The technical landscape for XRP paints a mixed picture. Support levels have been consistently holding at $2.70 to $2.74, while resistance at $2.83 poses a formidable barrier for short-term gains. Notably, the MACD histogram is converging, hinting at a possible bullish crossover. “We’re seeing a classic symmetrical triangle pattern,” notes Oliver Grant, a seasoned crypto analyst. “If XRP can break above the $3.00 to $3.30 range, we could very well see a push toward $4.00 or higher.”
Yet, it’s not all rosy. The July peak of $3.65 looms large in the rearview mirror, and some analysts caution that XRP could revisit the $1.00 mark if current support levels fail. Regulatory clouds also linger, with spot ETF applications from heavyweights like Grayscale and Bitwise still pending U.S. approval. These unresolved issues add a layer of uncertainty that could influence XRP’s price trajectory in the months ahead. For a deeper dive into investor strategies, see Pundit Warns XRP Investors Not To Sell Their Tokens In The Next 3 Months.
Market Sentiment and Future Outlook
The market sentiment around XRP is characterized by cautious optimism. The RSI remains stable in the mid-50s, indicating a neutral-to-bullish bias. Traders are particularly keen on watching institutional versus retail flows, as these could determine XRP’s path in September. Late-session trading saw significant activity, with over 2 million tokens changing hands per minute, underscoring the role of institutional players.
Looking forward, the market’s eyes are on key resistance and support levels. A reclaim of $2.83 could set the stage for a test of the $3.00 to $3.30 zone, while losing the $2.70 floor might expose XRP to further downside, potentially targeting $2.50.
Conclusion: A Balancing Act
As XRP navigates these turbulent waters, the interplay between institutional interest, technical indicators, and regulatory developments will be pivotal. While the potential for a bullish breakout exists, so do the risks of a pullback. This delicate balance keeps traders on their toes, raising questions about whether XRP can sustain its current momentum or if a course correction is on the horizon. Either way, September promises to be a defining month for XRP and its holders.
Source
This article is based on: XRP Set for Higher Prices as MACD Nears Potential Bullish Crossover
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
