Why is XRP up today (September 23)?
XRP is trading at $2.86, up about 1.87% on the day, rebounding in line with broader cryptocurrency markets.
After last week’s sell-off, digital assets are showing signs of stabilization, with Bitcoin and Ethereum also ticking higher. This recovery has improved sentiment across altcoins, helping XRP bounce from recent lows. Investors appear more willing to re-enter positions as volatility eases. The move suggests that the sharp downturn may have been overextended and is now seeing some correction.
Macro relief and new partnerships add momentum
A slightly more favorable macro backdrop has also contributed to the recovery, with less hawkish commentary around U.S. interest rates easing pressure on risk assets. This has created breathing room for speculative assets like XRP to climb. Optimism was further boosted by the recent partnership between Ripple, DBS, and Franklin Templeton, which focuses on tokenised U.S. dollar money-market funds on the XRP Ledger.
This announcement reinforced the idea that XRP’s technology is expanding into real-world finance. For many investors, such utility-driven news provides longer-term confidence beyond short-term trading flows.
Kharitonov: technical resilience reduces downside risk
According to analyst Anton Kharitonov, XRP’s ability to hold firm around the ~$3 support level is critical for maintaining investor confidence. He notes that market structure, including neutral funding rates in derivatives, suggests there is no dangerous speculative buildup that could trigger cascading liquidations. This reduces downside risk and provides a healthier base for price action.
Kharitonov stated:
“Given the combination of macro relief and the Ripple-DBS-Franklin partnership showing real use for XRP, there’s a reasonable chance we see XRP test resistance around $3.30-$3.50 in the next few days, assuming no negative shocks.”
Combined with macro relief, broader crypto strength, and optimism over Ripple’s institutional partnerships, Kharitonov sees a constructive setup for XRP. In his view, the token is well-positioned for gradual gains as long as the $3 level continues to act as a stable anchor.
Recently we wrote that XRP (XRP) is currently trading at $2.8747, which is below the MA-20 at $2.9661 and MA-50 at $2.9975 but remains above the longer-term MA-200 at $2.532.
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