XRP has been trading within a narrow range of $3.00 to $3.07, with traders closely watching its ability to remain above $3.05 amidst rising exchange reserves. On September 11, XRP saw a significant increase in trading volume, attributed to institutional inflows, resulting in a 1.85% price gain. Key factors affecting XRP's movements include its strengthened partnership with BBVA, enhancing institutional credibility, and macroeconomic influences regarding central bank decisions. Analysts noted that XRP's trading volume hit four times the daily average, indicating robust institutional demand. Despite recent gains, concerns about potential distribution pressure persist due to elevated exchange reserves. Technical analysis shows strong support at $2.98 and resistance around $3.05–$3.07, with signals suggesting a potential breakout. Traders are particularly attentive to XRP's ability to sustain these levels and the implications of accumulating whale positions ahead of expected announcements regarding ETFs and other market catalysts.

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