XRP Surges 8% from Daily Lows as Institutional Buying Pressure Propels Price Above $3 Milestone

Institutional whales are making waves—XRP just ripped past the $3 barrier with an 8% surge off daily lows.

Big Money Moves In

Forget retail FOMO—this rally's fueled by serious institutional volume hitting the tapes. While day traders were watching cat videos, the big players were accumulating positions that pushed XRP to levels not seen since… well, ever.

Market Mechanics at Play

The surge defies typical retail patterns—sharp recovery from intraday lows screams institutional accumulation. These moves don't happen because some influencer tweeted a moon emoji; they happen when funds reposition entire portfolios.

Just another day in crypto—where traditional finance finally realizes it's late to the party but still tries to buy all the drinks.

News Background

• Ripple Labs announced an expanded partnership with BBVA, enabling digital asset custody and settlement solutions under EU MiCA compliance standards.
• Institutional ETF speculation continues in the U.S., with traders pricing October SEC decisions as a potential structural catalyst.
• Derivatives traders show strong bullish positioning with 3-to-1 call-to-put ratios concentrated between $2.90–$3.50 into September 12 expiry.
• Exchange reserves for XRP rose to 12-month highs, suggesting potential distribution pressure despite strong partnership news.

Price Action Summary

• XRP climbed from $2.97 to $3.02 during September 9 15:00–September 10 14:00, marking an 8% gain.
• Session high hit $3.02 during the 13:47–13:48 window with 4.36M and 3.44M volume spikes.
• Support consolidated at $2.94–$2.95 on strong volume validation.
• Token defended $3.00 despite intraday dip to $2.99, signaling institutional defense.
• Closing price of $3.01–$3.02 kept XRP inside bullish continuation zone.

Technical Analysis

• Volume: Peaks of 116.76M and 119.07M during surges, nearly 3x daily average of 42.18M.
• Support: Strong base at $2.94–$2.95; multiple successful retests confirm accumulation.
• Resistance: Break above $3.00 validated; next upside levels sit at $3.05–$3.10 Fibonacci extension.
• Momentum: Higher lows into breakout reinforce institutional buying interest.
• Structure: Breakout from consolidation zone suggests potential continuation if $3.00 floor holds.

What Traders Are Watching

• Whether XRP can sustain daily closes above $3.00 to confirm breakout strength.
• The SEC’s October ETF rulings as a structural catalyst for institutional capital inflows.
• Options expiry on September 12, where call-heavy positioning could amplify volatility.
• Exchange reserves climbing to 12-month highs — will inflows flip into sustained sell pressure?
• Follow-through from the BBVA–Ripple partnership as a signal for European bank adoption.