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The XRP price edged down a fraction of a percent in the past 24 hours to trade at $2.87 as of 1:23 a.m. EST but whales scooped up the crypto amid a new update of the Ripple XRPL roadmap.
According to analyst Ali Martinez, who has more than 157k followers on X, whales have bought more than 30 million XRP tokens in the past 24 hours.
30 million $XRP bought by whales in the past 24 hours! pic.twitter.com/DVWZyalNAC
— Ali (@ali_charts) September 22, 2025
That came as Ripple posted on X the next phase of its roadmap, which explains how the XRP Ledger (XRPL) is being upgraded so banks and regulated firms can safely use decentralized finance (DeFi).
It outlines plans for a native lending protocol, compliance tools, privacy protections, and its US dollar-pegged stablecoin, RLUSD, which will enable institutional payments and lending.
With over $1 billion in stablecoin transactions each month on XRPL, Ripple is positioning itself as a trusted blockchain platform for traditional financial institutions.
1/ Institutional DeFi is here and the XRP Ledger has solidified its position as the trusted open source settlement layer for global institutions.
The next phase of the roadmap starts now. Explore it below and read the full blog for details 🧵⬇️ https://t.co/YLQ9Po8xMQ
— RippleX (@RippleXDev) September 22, 2025
XRP Price Attempts Recovery After Golden Cross – Is A Breakout Incoming?
The XRP price shows a mixed but evolving technical landscape. After forming a parabolic curve in June–July, XRP experienced a sharp rally that carried it above the 200-day Simple Moving Average (SMA) and triggered a Golden Cross in late July, where the 50-day SMA (blue line) crossed above the 200-day SMA.
However, since the peak in early August, the Ripple token price has been trading within a downward-sloping channel, marked by lower highs and lower lows. The recent candles indicate that the price of XRP is testing the upper boundary of this descending channel, hinting at a possible breakout attempt.
Currently, XRP is trading around $2.87, just below the 50-day moving average ($2.99). A decisive close above this SMA could signal renewed bullish momentum, especially if XRP sustains above the channel resistance. On the downside, the 200-day SMA near $2.53 serves as a strong support zone.
The Relative Strength Index (RSI) sits at 42.6, placing XRP in neutral-to-weak territory. While not oversold, the RSI indicates that bearish momentum has been fading, leaving room for upside if buyers regain control.
If XRP successfully breaks above the descending channel and reclaims the 50-day SMA, the next resistance levels to watch are around $3.20 and $3.60, where previous supply zones align.
On the flip side, if the price of XRP fails to close above the channel resistance and falls back below $2.80, bearish pressure could drag it toward $2.60 or even retest the 200-day MA at $2.53.
Crypto analyst, Ali Martinez maintains that if the Ripple token can hold the $2.71 level, sellers could become exhausted, and buyers taking control of the asset can push XRP to $3.60.
If $XRP holds above $2.71, buying pressure could build for a rebound to $3.60. pic.twitter.com/fVY5voAuux
— Ali (@ali_charts) September 22, 2025
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