XRP price prediction: Steadies above $3 as Ripple-BBVA deal adds fuel to breakout setup

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XRP steadies above $3 amid Ripple-BBVA custody deal

Highlights

- XRP trades just above $3, pressing against resistance at $3.05–$3.10 after breaking out of a wedge.

- Ripple partners with Spain’s BBVA to offer regulated XRP custody, boosting institutional access.

- Net inflows of $5.71M signal accumulation, reinforcing bullish prospects if resistance is cleared.

Technical support is reinforced by the 50-day EMA at $2.91 and the 100-day EMA at $2.78, which have repeatedly absorbed selling pressure. The immediate hurdle lies at $3.05–$3.10, where a descending trendline from July continues to cap rallies. A successful breakout above this band would shift market structure in favor of buyers, opening a potential move toward $3.30. On the downside, a failure to defend $3.00 risks retesting $2.85, with deeper support at $2.75.

XRP price dynamics (Source: TradingView)

Momentum has turned cautiously optimistic. The RSI has risen to 55, signaling recovery from neutral territory without tipping into overbought conditions. Spot market data adds weight to the bullish case, with net inflows of $5.71 million recorded on September 9. Historically, such sustained accumulation phases have marked turning points for XRP’s price cycle.

Ripple-BBVA partnership strengthens fundamentals

Beyond the charts, Ripple’s new partnership with Spanish banking heavyweight BBVA has introduced a structural shift for XRP’s positioning in Europe. BBVA will integrate XRP custody services within its regulated banking framework, directly addressing institutional concerns over secure asset management.

Custody remains one of the largest barriers for large-scale investors entering the digital asset space. By embedding XRP custody into a bank-regulated environment, Ripple has effectively expanded the token’s addressable market, paving the way for institutional inflows. Analysts note that this development coincides with Europe’s incoming MiCA framework, which aims to provide regulatory clarity across the crypto sector. Together, these steps add legitimacy to XRP and broaden its role beyond speculation into utility-driven adoption.

The partnership also underscores Ripple’s continued focus on embedding XRP into traditional finance. BBVA’s move signals that major banks in Europe see potential in blockchain-based assets as part of their service portfolios. This integration could accelerate adoption among pension funds, asset managers, and corporates seeking compliant exposure to digital currencies.

Outlook balances technicals and fundamentals

XRP’s near-term trajectory hinges on its ability to clear the $3.05–$3.10 resistance zone. A confirmed breakout would likely propel the token toward $3.30, while a rejection risks dragging prices back to $2.85. For now, technical compression, positive inflows, and a regulatory tailwind provide a supportive backdrop.

The Ripple-BBVA partnership adds another catalyst at a time when XRP is consolidating at critical levels. Now that custody issues are resolved, and more institutions are expected to want it, the token is set to have lasting support beyond just quick trading.

In prior coverage, we noted that XRP’s accumulation phase near $2.88–$2.95 was setting the stage for renewed strength. The current combination of technical breakout potential and institutional adoption reinforces that thesis, suggesting XRP may be entering a more durable phase of growth if resistance is overcome in the coming sessions.

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