XRP price today is trading near $2.95, consolidating after failing to clear the descending trendline resistance around $3.00. Buyers are defending the $2.90 zone, where the 20-day EMA is converging with immediate support. The market is now balancing technical compression with growing optimism over European ETF launches and Ripple’s expanding banking partnerships. XRP Price Tests Trendline Resistance XRP price tests trendline resistance (Source: TradingView) The 4-hour chart shows XRP repeatedly pressing against a downtrend line that has capped rallies since mid-August. Resistance remains heavy near $2.98–$3.00, with sellers stepping in at the trendline. On the downside, key support lies at $2.89–$2.92, backed by the 20/50 EMA cluster and reinforced by the $2.80 accumulation zone. Related: OpenLedger (OPEN) Price Prediction Momentum is neutral but stabilizing. RSI is hovering in the mid-50s, showing improving sentiment without overbought signals. MACD lines are flattening, suggesting consolidation before the next decisive move. A breakout above $3.00 could open the way toward $3.15 and $3.35, while rejection risks retesting $2.80. ETF Comments From Frankfurt Exchange Lift Sentiment Market sentiment improved after the Frankfurt Stock Exchange issued commentary suggesting that XRP could see price gains when spot XRP ETFs are introduced in October. While the exchange is not directly launching the products, its recognition of the potential impact has added credibility to the growing ETF narrative in Europe. 🚨BREAKING: The Frankfurt Stock Exchange in Germany says that #XRP will experience a price increase due to the launch of Spot XRP ETFs on October! pic.twitter.com/QOLOSsHba9 — JackTheRippler ©️ (@RippleXrpie) September 9, 2025 This acknowledgement underscores how institutional players are monitoring the XRP market ahead of regulatory and product milestones. Analysts note that such endorsements can help shape investor perception, potentially setting the stage for stronger flows once ETF approvals are confirmed. If inflows materialize, XRP could gain the momentum needed to break above the $3.00 ceiling and target the $3.50–$3.60 region. On-Chain Flows Show Uptick XRP Spot Inflow/Outflow (Source: Coinglass) Exchange netflow data supports cautious optimism. On September 10, XRP recorded a $4.93 million net inflow, reversing the negative trend of prior weeks. While modest compared to the sharp outflows seen earlier in the quarter, the inflows indicate renewed positioning by traders ahead of ETF headlines. Participation, however, remains uneven. Daily volumes and active addresses are still below summer peaks, reflecting a market waiting for a catalyst. Without sustained inflows above $50 million, analysts warn that XRP may continue to trade in choppy ranges below $3.00. Ripple Custody Deal With BBVA Adds Institutional Tailwind Beyond ETF speculation, Ripple is expanding its institutional footprint in Europe. The company announced a new partnership with Spanish banking giant BBVA to provide digital asset custody services in Spain. This move extends Ripple’s custody technology to retail and institutional clients under a regulated framework. Related: MYX Finance (MYX) Price Prediction The collaboration comes as Europe’s MiCA regulation takes effect, encouraging banks to roll out digital asset services. Ripple already works with BBVA in Switzerland and Turkey, and the expansion to Spain strengthens its position as a key provider of compliant custody infrastructure. Analysts argue that such deals improve long-term confidence in XRP and related ecosystems by embedding it within traditional banking channels. Technical Outlook For XRP Price XRP remains in a pivotal zone between its $2.90 support base and $3.00 trendline resistance. Clearing the $3.00 level would flip near-term structure bullish, with upside targets at $3.15, $3.35, and $3.60 if ETF optimism translates into sustained inflows. On the downside, failure to defend $2.89 could expose price to the $2.80 zone. A deeper breakdown risks testing $2.70, where historical support remains firm. The 200-day EMA near $2.93 adds an additional layer of confluence that traders are closely monitoring. Outlook: Will XRP Go Up? The near-term path for XRP will depend on whether ETF headlines and institutional partnerships outweigh lingering technical pressure. As long as buyers defend $2.90, the bias leans cautiously bullish, with a breakout above $3.00 unlocking scope for $3.35–$3.60. Without stronger inflows, however, price may remain trapped in its descending pattern, leaving traders waiting for October’s ETF launch to provide clarity. Currently, XRP is at a critical juncture where technical compression and institutional momentum are aligning. 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