Sep 11, 2025
3 1
XRP Exchange Reserves Surge to 16.36 Billion Amid SEC ETF Review
XRP is experiencing heightened volatility as exchange reserves reach a 7-month high, increasing from 13 billion to 16.36 billion XRP after 3.3 billion were deposited within two days.
SEC Extends XRP ETF Review
- The SEC has postponed its decision on 15 spot XRP ETF applications until November 14, 2025.
- This includes the Franklin XRP ETF, initially submitted in March 2025.
- Other XRP ETF applications are set for review in October.
- Polymarket data indicates a 90% chance of spot XRP ETF approval by year-end.
XRP Price Analysis
XRP is currently priced at $3.02, with a market cap of $180 billion. It has increased 1.8% in the last 24 hours and 6.7% over the past week. Key indicators show:
- RSI at 55.8 indicates moderate bullish momentum.
- MACD shows a neutral stance.
- Balance of Power indicator suggests buyer dominance.
If XRP maintains above $3 and breaks resistance at $3.08, it could rise toward $3.30-$3.50. Conversely, increased selling pressure may retest support at $2.90 and $2.71, with deeper corrections potentially leading to the $2.50-$2.60 zone.
Analyst Insights
- Analyst Casi notes XRP has broken out of consolidation, testing $3 as new support.
- Upward RSI trend and moving average support indicate strengthening momentum.
- Fibonacci levels suggest $3.00 as support and $3.25 as resistance.
- A breakout could push XRP towards $4.50 in the longer term.
