XRP Surges 1.85% Amid Heavy Institutional Inflows and Volatility

XRP Market Activity

XRP surged on September 11, with institutional inflows quadrupling average daily volumes.
The token rose nearly 2%, closing near $3.05 after testing resistance at $3.07.
Accumulation patterns remain strong, but high exchange reserves and ETF speculation increase volatility risks.

Market Context

Ripple expanded its partnership with BBVA to enhance digital asset custody under the EU’s MiCA framework.
Broader crypto markets are influenced by global central bank rate decisions and trade policy debates.
XRP futures open interest reached $8.36 billion, indicating leveraged positions ahead of potential ETF announcements.
Whale wallets accumulated 340M XRP tokens recently, while exchange inventories hit a one-year peak, suggesting near-term distribution pressure.

Price Action Details

XRP increased from $2.98 to $3.05, marking a 1.85% gain within a tight $0.10 range.
Significant buying occurred during the 12:00 session, where volume spiked to 243.37M, over four times the daily average.
Resistance was noted around $3.07, with profit-taking capping gains above $3.05.
A late retreat saw prices dip from $3.06 to $3.04 due to distribution pressure, but it closed above $3.04, indicating ongoing accumulation.

Technical Indicators

Support is solid at $2.98, validated by high buying volumes.
Resistance lies between $3.05–$3.07, with repeated rejections.
A descending triangle formation suggests an imminent breakout around $3.00–$3.07.
Final-hour volume spikes indicated heavy distribution followed by recovery attempts.
RSI improvements suggest building buying momentum, although exchange inflows pose challenges.

Trader Considerations

Monitoring whether XRP can consistently close above $3.05 to challenge the $3.07 resistance, which could lead to a move towards $3.20.
Rising exchange reserves may indicate distribution pressure if whale inflows decrease.
The impact of Ripple's expanded BBVA partnership under MiCA on institutional custody adoption and price stability.
Derivatives market positioning shows a bullish tilt, with call options outnumbering puts 3-to-1 around strikes of $3.00–$3.50.
Macro signals such as central bank decisions and liquidity conditions continue to influence large-cap crypto flows.