XRP exceeded the $ 3 threshold during the session from September 9 to 10, while accelerated institutional flows on the back of regulatory clarity in Europe.
Ripple’s new partnership with BBVA under MICA compliance has fueled optimism that traditional banks can deepen the adoption of the blockchain colony.
While the Bulls defended the support of $ 2.99, analysts note that the increase in exchange reserves could still weigh on a sustained increase.
New context
• Ripple Labs has announced an expanded partnership with BBVA, allowing police custody and digital asset solutions under EU Mica compliance standards.
• Speculation on institutional FNB continues in the United States, traders tariffing the decisions of dry October as potential structural catalyst.
• Derivative traders have a solid bullish positioning with Put call ratios of 3 to 1 concentrates between $ 2.90 and $ 3.50 at the end of September 12.
• The exchange reserves for XRP have reached 12 -month heights, suggesting potential distribution pressure despite solid news from partnership.
Summary of price action
• XRP went from $ 2.97 to $ 3.02 to September 9 3 p.m. September 2:00 p.m., marking a gain of 8%.
• High Hit Hit Hit session $ 3.02 at window 13: 47–13: 48 with volume tips of 4.36 m and 3.44 m.
• Consolidated management from $ 2.94 to $ 2.95 on solid volume validation.
• The token defended $ 3.00 despite an intra -day drop to $ 2.99, reporting institutional defense.
• The fence price from $ 3.01 to $ 3.02 has kept XRP inside the upward continuation area.
Technical analysis
• Volume: peaks of 116.76 m and 119.07 m during overvoltages, almost 3x daily average of 42.18 m.
• Support: Solid base at $ 2.94 at $ 2.95; Multiple successful retestes confirm the accumulation.
• Resistance: exceed $ 3.00 validated; The next upward levels are $ 3.05 at $ 3.10 Fibonacci Extension.
• Momentum: higher stockings in the escape strengthen the interest in institutional purchase.
• Structure: The rupture of the consolidation zone suggests a potential continuation if $ 3.00 is held.
What traders look at
• If XRP can maintain farms daily above $ 3.00 to confirm the rupture force.
• The decisions of the October FNB of the SEC as a structural catalyst for institutional capital entries.
• The options expire on September 12, where the positioning of the call could amplify volatility.
• The climbing exchange reserves at 12 -month summits – will the entries turn back in a sustained sales pressure?
• Monitoring the BBVA – Ripple partnership as a signal for the adoption of European banks.
