As of late September 2025, XRP’s price remained volatile within the $2.70 to $2.85 range. Bullish and bearish participants are driving volatility in the broader cryptocurrency market, with both Bitcoin and Ethereum experiencing sharp swings recently.
Expectations of Federal Reserve rate cuts and updated SEC rules for crypto ETF approvals have significantly influenced market sentiment. Looser ETF approval requirements and anticipated institutional inflows contribute to upward momentum. Macro-level risks—such as interest rate increases or regulatory reversals—could trigger downside pressure.
Chart: https://www.gate.com/trade/XRP_USDT
Several analysts note an active symmetrical triangle formation, directly relating to the current consolidation. Once a directional breakout occurs, XRP could surge toward $3.50 or drop to $2.10.
Open interest in XRP futures contracts has increased sharply, indicating increased capital deployment and leveraged positions, which may fuel rapid price moves. Should bulls fail to defend the key short-term support levels at $2.87 and $2.76, the price could fall toward $2.62 or lower. Some analysts believe a breakdown below the triangle pattern could see XRP drop as low as $2.10.
Conversely, if buyers establish dominance and push the price above the $3.13 resistance level, XRP could initiate an upward trend toward $3.40 or higher.
The SEC recently reduced the crypto ETF review process from 270 days to just 75 days. Multiple asset managers have updated their strategies and are actively filing for XRP-linked ETFs. The launch of the first U.S.-listed spot XRP ETF saw record first-day trading volume, but subsequent institutional selling pressured prices downward. Large holders have also engaged in heavy selling, with reports indicating one major address unloaded 460 million XRP.
ETFs and institutional flows can act as catalysts for rallies, but they may also increase selling pressure during periods of market uncertainty.
If XRP drops below $2, it signals deep pessimism and may spark panic selling.
However, most institutional forecasts rarely predict a direct decline to $2. Instead, extreme downside would require multiple adverse factors—macro shifts, regulatory crackdowns, and declining liquidity. Most estimates remain within the $2.50–$3.50 range.
In conclusion, while XRP faces downside risks and technical as well as capital uncertainties, an immediate plunge to $2 is not the base case. For beginners, controlling position size and avoiding impulsive trades are essential for risk management. Closely tracking regulatory or institutional developments is also essential for risk management.