XRP dropped 4% and stabilized at $2.84 on Sep. 5, 2025 after failing to break $2.88. The move coincided with increased talk about potential approval of spot XRP ETFs and a rise in trading activity, as Jina states. The decline highlights key technical support levels and the influence of large account holders on available supply.
Price action and context
After the price did not go above $2.88, XRP settled near $2.84, with the move unfolding alongside more discussion about ETF approval and higher trading, as Jina states. The selloff underscores the role of large account holders in affecting how much is available to trade, shaping short-term dynamics. According to Jina, optimism for spot XRP ETFs stems from a partial solution to the Ripple–SEC legal problem and signs of increased interest from big groups.
Technical signals and key levels
Jina notes immediate support around $2.70–$2.77 and areas where the rise might stop between $3.00–$3.30. A move above $2.99 could allow an advance toward $3.43, while a drop from present levels could lead to tests around $2.28 or even $2.00 in worse situations. The text from Jina also documents differences in technical measures: the RSI is at 49, the MACD shows a fall in price, and stochastic oscillators are in buy or recent overbought areas. Large accounts sold off after a time of buying, adding short‑term pressure; for traders, this implies more short‑term changes and the need to watch daily closes above $3.00 to assess a change in market direction.
Important points
- Date and move — Sep. 5, 2025 — 4% drop to $2.84 (Jina states).
- Prices to watch where the rise might stop: $2.99 – $3.30.
- Immediate risk — selling by large accounts and tokens released from exchanges.
- ETF chances per market — Polymarket 87%; Bloomberg 95% (Jina states).
Regulation and Compliance
Legal actions and statements about the SEC’s lawsuit against Ripple increased belief that ETFs will probably get approval, including a $50M settlement that made people feel better, Jina notes. Approval odds cited in the material vary — Polymarket at 87% and Bloomberg at 95% for approval before year end, Jina states. These numbers are market guesses and not formal government decisions, and should be read with care.
XRP’s trajectory remains linked to official ETF developments and legal steps related to Ripple and the SEC. The next event Jina mentions is a government decision expected in October, which could change the market’s direction, with participants watching whether price can close above $3.00 to signal a potential shift.
