XRP Pushes Toward $3.00: 4% Rally, 99% Fed Rate-Cut Odds, and ETF Anticipation

XRP regained momentum over the last session, climbing back toward the $3.00 mark before hitting strong resistance. Traders are now watching not only short-term technical levels but also macroeconomic catalysts, the upcoming Fed meeting, and October’s decisions on spot XRP ETFs.

Fed as the Catalyst: 99% Odds of a Rate Cut According to Fed futures, there is a 99% probability that the U.S. central bank will cut rates by 25 basis points on September 17. A weaker dollar strengthens the case for cryptocurrencies as a hedge against declining purchasing power. At the same time, FX reserves have surged to a 12-month high, signaling greater exchange supply. Yet whales accumulated an estimated 10 million XRP in just 15 minutes during the breakout – underscoring growing institutional interest.

ETFs as the Structural Trigger Markets are also eyeing October, when the SEC will evaluate six spot XRP ETF applications, including filings from Grayscale and Bitwise. Approval could open the floodgates to institutional inflows and fundamentally reshape demand dynamics for XRP.

Price Action: From $2.89 to $2.995 During the session from September 8 (04:00) to September 9 (03:00), XRP surged from $2.89 to an intraday high of $2.995, marking a 4% increase. It closed the day at $2.95. 🔹 Volume: Peaked at $159.63 million at 1 PM – nearly three times the daily average, signaling heavy institutional participation

🔹 Support: Zone at $2.88–2.89 held multiple times

🔹 Resistance: Ceiling at $2.995–3.00 repeatedly rejected

🔹 Closing dynamics: Final hour saw a controlled accumulation from $2.94 → $2.95 on $1.6 million volume

Technical Analysis Support: $2.88–2.89Resistance: $2.995–3.00 (strong, high-volume rejections)RSI: Steady in the mid-50s → neutral to bullishMACD: Histogram converging toward bullish crossoverPattern: Price compressing below $3.00 in a consolidation channel; confirmed close above $3.00–3.05 could target $3.30–3.50 What Traders Are Watching 🔹 Daily close above $2.99–3.00 – critical for flipping resistance into support

🔹 Fed meeting on Sept. 17 – 25 bps cut is fully priced in; anything larger or delayed could reshape liquidity expectations

🔹 Whale inflows – around 340 million XRP reportedly accumulated in recent weeks

🔹 SEC’s October ETF rulings – six filings, including Grayscale and Bitwise, could redefine institutional adoption

Bottom Line XRP is at a pivotal juncture. In the short term, the market wrestles with the $3.00 barrier, but in the bigger picture, Fed policy and SEC ETF decisions could catapult XRP into a new league. If institutional money keeps flowing and ETFs get the green light, a path above $3.50 may open faster than many expect.

#xrp , #Ripple , #Fed , #SEC , #CryptoNews

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