|
Getting your Trinity Audio player ready...
|
- XRP reserves on exchanges hit 16.36B, signaling potential volatility.
- SEC delays XRP ETF approvals, with high probability of year-end greenlight.
- Key resistance at $3.08 could lead XRP toward $3.50–$4.50 if broken.
Stay ahead with real-time updates and insights—Join our Telegram channel!
XRP ($3.03) is showing signs of potential volatility as exchange reserves spike to their highest level in seven months. Crypto investors are keeping a close eye on the token, which has experienced sudden inflows that could foreshadow significant price movement.
Exchange Reserves Jump Signals Possible Volatility
Data from CryptoQuant reveals that XRP reserves had been steadily declining since November 2024, dropping from 18.2 billion to 13 billion XRP by early September 2025. However, the trend reversed dramatically when 3.3 billion XRP were deposited onto exchanges within just two days, pushing reserves to 16.36 billion XRP.
Such rapid accumulation on exchanges is often interpreted as a precursor to heightened market volatility. Analysts warn that these conditions could lead to sharp price swings in the near term, requiring traders to remain vigilant.
SEC Extends XRP ETF Review
The regulatory landscape adds another layer of uncertainty. The U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot XRP exchange-traded fund (ETF) applications. Fifteen applications, including the Franklin XRP ETF submitted in March 2025, are still under review.
The SEC initially had a September 15 deadline for the Franklin ETF but extended it by 60 days, moving the decision to November 14, 2025. Other XRP ETF applications are expected to be reviewed in October. Market sentiment remains optimistic, with Polymarket data suggesting a 90% probability of a spot XRP ETF approval by the end of the year.
XRP Price Analysis: Key Levels to Watch
XRP currently trades at $3.02, up 1.8% in 24 hours and 6.7% over the past week, with a market cap of $180 billion. The token recently broke out of a descending wedge pattern, and momentum indicators point to moderate bullish strength. The RSI stands at 55.8, while the MACD remains neutral, and the Balance of Power hints at slight buyer dominance.
Analysts highlight $3.08 as a crucial resistance level. A sustained move above this could propel XRP toward $3.30–$3.50. On the downside, support zones include $2.90 and $2.71, with a deeper correction potentially testing $2.50–$2.60. Fibonacci retracement levels further confirm $3.00 as support and $3.25 as resistance, signaling potential breakout zones.
🚀Consolidation Ends, Momentum Builds: XRP Targets $4.50 🚀$XRP is heating up! 🔥It has broken out of its months-long consolidation, and confirmation of the breakout is occurring with the $3 test now in play.
— CasiTrades 🔥 (@CasiTrades) September 10, 2025
Looking at the daily timeframe, price has been battling this level… pic.twitter.com/UD06AoyWlW
XRP is at a critical juncture, with rising exchange reserves and pending ETF approvals driving potential volatility. Traders should monitor key resistance and support levels as momentum builds, while bullish indicators suggest the token could become one of the standout performers in 2025.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: XRP Breakout Pattern Repeats: Can It Rally to Double Digits? Analyst
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
