XRP Shatters Resistance: Institutional Tsunami Propels Price Toward $3.60 Target

Wall Street's whales are diving deep into XRP—and they're not coming up for air.

The digital asset just smashed through critical resistance levels as institutional inflows hit unprecedented volumes. This isn't retail FOMO; this is serious capital making serious moves.

The institutional floodgates swing wide

Funds that wouldn't touch crypto with a ten-foot pole last year are now building seven-figure XRP positions. They're bypassing traditional entry points and loading up at market—because when you're moving that much capital, slippage becomes someone else's problem.

Charting the path to $3.60

Technical analysts are pointing to clean breakout patterns with minimal pullbacks. Each dip gets bought aggressively—the kind of price action that makes short sellers reconsider their life choices.

Volume profiles show sustained accumulation across all major exchanges. Even the usual profit-taking hasn't put a dent in this rally's momentum.

The cynical take

Of course, the same institutions now pumping XRP were probably shorting it six months ago—but in modern finance, conviction is just a function of which way the wind's blowing today.

One thing's certain: when big money moves, prices follow. And right now, big money's moving toward that $3.60 target like it's the last lifeboat off the Titanic.

News Background

• The September 10 midday rally was fueled by a volume explosion of 116.7M and 119.0M units within the 12:00–13:00 hour, far exceeding the 24-hour average of 48.3M.
• Futures open interest climbed to $7.94B, showing heightened derivatives positioning alongside spot activity.
• Analysts flag a descending triangle breakout scenario with measured targets in the $3.60 area if momentum persists.
• Broader risk assets continue to track Federal Reserve expectations, with rate cut bets supporting flows into large-cap crypto assets.

Price Action Summary

• XRP advanced from $2.96 to $2.99 in the September 9 21:00 to September 10 20:00 trading window, a 1% gain within a $0.09 band.
• The breakout occurred during the 12:00–13:00 window, when XRP spiked from $2.98 to $3.02 on 119M volume, setting a short-term resistance zone.
• The final hour saw selling pressure push the token to $2.98, before buyers re-established support and closed near $2.99.
• Volume spikes of over 1.6M per minute during the late session confirmed institutional bids stepping in at discounted levels.

Technical Analysis

• Resistance: $3.02 remains the immediate ceiling after multiple rejections during peak trading.
• Support: Buyers repeatedly defended $2.98–$2.99 across multiple retests.
• Volume: Breakout volumes at midday were six times the daily average, validating the move.
• Structure: Higher lows formation suggests sustained accumulation despite resistance caps.
• Indicators: Technicals point to a breakout scenario, with Fibonacci extensions projecting potential upside toward $3.60.

What Traders Are Watching

• Whether XRP can sustain closes above the $3.00 mark to flip resistance into support.
• Reaction to $3.02 resistance — a breakout could extend targets to $3.20–$3.60 in coming sessions.
• Futures positioning and open interest at $7.9B, which could amplify volatility around key levels.
• Macro drivers from the Federal Reserve’s September 17 policy meeting and dollar liquidity outlook.