XRP has entered a pivotal phase as exchange reserves surge to a 7-month high and the SEC once again delays decisions on spot XRP ETFs.
XRP XRP $1.91 24h volatility: 4.3% Market cap: $115.29 B Vol. 24h: $3.74 B is gearing up for volatility as reserves on all exchanges surged to a 7-month high.
According to data from CryptoQuant, reserves had been steadily declining since November 2024, dropping from 18.2 billion XRP to 13 billion XRP by early September 2025.
However, this downtrend sharply reversed when 3.3 billion XRP were deposited into exchanges within just two days, pushing reserves up to 16.36 billion XRP.
Such spikes in exchange reserves are often interpreted as potential foreshadowing to a jump in volatility. With such a large inflow, analysts caution that uncertain times could lie ahead.
SEC Extends XRP ETF Review
The United States Securities and Exchange Commission (SEC) has once again postponed its decision on applications for spot XRP exchange-traded funds (ETFs). Fifteen such filings are currently under review, including the Franklin XRP ETF initially submitted in March 2025.
SEC extends review of Cboe BZX’s proposal to list Franklin XRP ETF to Nov 14, 2025, for thorough evaluation. #SEC #XRP #ETF https://t.co/YWy4kpyYJq pic.twitter.com/SwvLPWu8dU
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) September 10, 2025
The SEC had until September 15 to make its decision on the Franklin ETF but announced a 60-day extension on September 10, moving the deadline to November 14, 2025. Other pending XRP ETF applications are scheduled for review in October.
Meanwhile, Polymarket data suggests a 90% chance of a spot XRP ETF approval by year-end.
XRP Price Analysis: What’s Next for the Token?
At the time of writing, XRP trades at $3.02, up 1.8% in the past 24 hours and 6.7% in the past week, with a total market capitalization of $180 billion.
On the daily chart, XRP is consolidating after breaking out of a descending wedge pattern. The RSI at 55.8 suggests moderate bullish momentum, while the MACD shows a neutral stance. The Balance of Power indicator leans slightly positive, hinting at buyer dominance.
XRP daily chart with momentum indicators. | source: TradingView
If XRP sustains momentum above $3 and clears resistance at $3.08 (upper Bollinger Band), it could rally toward $3.30-$3.50 in the near term.
However, if selling pressure increases, XRP could retest support at $2.90 (middle Bollinger Band) and $2.71 (lower band). A deeper correction may drag prices toward the $2.50-$2.60 zone.
Analyst’s Perspective: Key Levels to Watch
Prominent crypto analyst Casi shared a bullish outlook on XRP. She noted that the token has already broken out of a months-long consolidation and is testing $3 as new support.
She added that the upward-sloping RSI and support at its moving average are signs of strengthening momentum.
Casi also pointed out Fibonacci retracement levels: the 0.382 retracement at $3.00 has become support, while the 0.236 retracement near $3.25 now acts as resistance
🚀Consolidation Ends, Momentum Builds: XRP Targets $4.50 🚀$XRP is heating up! 🔥It has broken out of its months-long consolidation, and confirmation of the breakout is occurring with the $3 test now in play.
Looking at the daily timeframe, price has been battling this level… pic.twitter.com/UD06AoyWlW
— CasiTrades 🔥 (@CasiTrades) September 10, 2025
A breakout above these levels could confirm XRP’s bullish trajectory, setting the stage for a push toward $4.50 in the longer term, said Casi, reaffirming XRP’s stance as the next big token in 2025.
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