XRP spiked today after a $3 million whale purchase, reigniting speculation that pending spot ETF filings could lift the token to fresh highs.
Key Takeaways:
- The $3 million purchase of token has prompted a noticeable price jump and renewed interest in institutional inflows vis spot ETFs.
- Multiple amended filings from institutions like Grayscale, Bitwise, and WisdomTree exhibit rising demand, with open interest in XRP futures topping $800 million.
- XRP’s current price hovers near $2.95, challenging the $3.10 resistance, while analysts warn that losing this level could expose it to a drop toward $2.83.
A massive whale purchase, approximately $3 million worth of XRP, triggered a price uptick earlier today, September 8, 2025, stirring renewed market chatter around the asset’s potential breakout. The impact was then amplified by broader inflows, with $10 million in net XRP buys recorded across exchanges in recent trading sessions, according to on-chain data. These two waves of whale accumulation and net institutional positioning helped accelerate buying momentum of the token.
While substantial buys alone don’t always prompt sustained rallies, they often serve as catalysts in thinly traded markets like XRP, especially amid mounting ETF interest.
ETF Filings Add Fuel to Investor Optimism
Market attention has shifted strongly toward spot XRP ETF filings in the U.S. Multiple firms, including Grayscale, BitWise, and WisdomTree, have recently updated or submitted filings, signaling intensifying institutional appetite. Open interest in XRP derivatives has surpassed $800 million, reinforcing the narrative that investors are positioning ahead of regulatory signals.
XRP Price Action
As of this writing (11:15 UTC), XRP is sitting at around $2.94, up 3.8% over the past 24 hours while reaching intraday highs near $2.95 and lows around $2.83, according to TradingView and CoinGecko.
The token still struggles to clear its path near the resistance zone of $3.10, which is a barrier cited by analysts as crucial for a sustained uptrend. Meanwhile, technical models indicate that holding $2.95 may enable a rebound toward $4.40–$5.80. However, dropping below this support could extend losses to $2.83 or even $2.40.
Analysts Weigh in on XRP’s Next Move
According to an X thread from TheCryptoBasic, analyst Zach Rector suggests that the ETF decision window could propel XRP higher as anticipation builds, followed by a pullback then sustained inflow once products launch. Meanwhile, ETF Store’s President Nate Geraci highlights the unprecedented level of open interest in XRP futures as proof that capital is waiting on the sidelines.
Outlook: ETF Decisions Could Define XRP’s Trajectory
XRP’s price spike today, fueled by a major whale purchase and ETF anticipation, has reignited interest in the token’s next phase. Sustained movement above $3.10 could open the path toward $4–$5 territory, but if it fails to hold $2.95, it may result in a dip toward $2.83 or lower.
Analysts as well as the market participants, traders and investors alike, are looking ahead of the XRP ETF developments over the coming weeks. If approved, they could act as a launchpad for significant institutional inflows, linking narrative-driven moves to substantial crypto investment.
Summary
XRP surged to nearly $2.95 after a $3M whale purchase and broader net inflows of ~$10M across exchanges. The move coincided with renewed optimism over spot XRP ETF filings from firms like Grayscale, Bitwise, and WisdomTree. Open interest in XRP futures has now surpassed $800M, underscoring institutional anticipation. While XRP faces stiff resistance at $3.10, holding above $2.95 could open targets toward $4–$5, whereas slipping below support risks a pullback to $2.83–$2.40. ETF approval decisions remain the defining catalyst for XRP’s medium-term trajectory.
