XRP has seen a 7% price jump over the past week, reaching above $3 amid a general crypto market rally. Despite this gain, the token faces a significant resistance level at $3.05 due to a lack of support from large investors (whales) and institutions.
According to CoinShares, institutional inflows into XRP have dropped, and on-chain data shows that whales have been selling their holdings. Analyst Ali Martinez reported that whales sold an additional 40 million XRP in the last 24 hours, continuing a trend of profit-taking since the token hit its all-time high of $3.65.
The recent price increase has sparked two potential bullish scenarios for XRP, both of which hinge on it breaking above the $3.15 resistance level. The first scenario suggests a direct surge to $3.6, while the second anticipates a brief dip to $2.8 before a rebound to the same target.
The market is now closely watching the launch of the REX-Osprey XRP ETF to see if it will attract institutional inflows and encourage whales to return. While the SEC continues to delay decisions on other XRP ETF applications, the DTCC has listed the Canary XRP ETF, a move that signals it is nearing regulatory approval.
Currently, XRP is trading at around $3.1, with its price sustaining above the $2.95-$3 range. The Relative Strength Index (RSI) at 56 indicates a potential period of consolidation. While trading volume remains low, the derivatives market has seen a recent increase in buying activity, with XRP futures open interest jumping 3% in 24 hours.
September 2025, Cryptoniteuae
