XRP struggled to maintain momentum above the $3.00 threshold on September 9–10, with heavy institutional selling wiping out early gains. Despite a push to $3.035, volume-driven liquidation erased upside attempts and pulled the asset back to $2.94 by session close. The move is indicative of mounting resistance near $3.02, even as traders weigh ETF catalysts and rising exchange reserves that may temper bullish momentum.

News Background

• Federal Reserve’s September 17 meeting is expected to deliver a 25-basis-point rate cut, with markets assigning near-certainty to the outcome — a potential liquidity driver for risk assets. • Six XRP spot ETF applications await SEC review in October, a decision traders see as pivotal for institutional adoption. • Exchange custody balances for XRP hit a 12-

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