XRP traded within a tight range of $3.00 to $3.07 on September 11, driven by significant institutional inflows that quadrupled its daily trading volume. The cryptocurrency gained 1.85%, closing near $3.05 after testing resistance at $3.07. Analysts noted strong accumulation patterns, although elevated exchange reserves and ETF speculation contributed to market volatility. Ripple's partnership with BBVA under the EU’s MiCA framework is seen as a move to bolster institutional legitimacy. Futures open interest in XRP reached $8.36 billion, reflecting leveraged positions in anticipation of potential ETF announcements. Whale wallets accumulated 340 million XRP tokens, while exchange inventories reached a one-year high, indicating possible distribution pressure. Despite late-session distribution, XRP's close above $3.04 suggests continued accumulation.