XRP Defends $2.77 Level While Market Turbulence Grows – What’s Next?

XRP remained range-bound between $2.70 and $2.84 through the Aug. 31–Sept. 1 session, with whale buying offsetting persistent sell pressure near resistance. The token slipped from $2.80 to $2.70 late Aug. 31 before rebounding to $2.82 on volumes more than twice the daily average.

On-chain data shows whales accumulated 340 million XRP over the past two weeks, reinforcing the $2.70–$2.73 floor. A sharp morning rebound on Sept. 1 saw 164 million tokens change hands, confirming active support buying. Still, sellers dominated into the final hour of trading, keeping resistance capped at $2.82–$2.84.

Technical indicators point to consolidation: RSI hovers in the mid-40s, MACD remains compressed, and a symmetrical triangle pattern is taking shape. A breakout above $2.84 could open upside targets of $3.00–$3.30, while a breakdown below $2.70 risks exposing $2.50 as the next major support.

For September, the tug-of-war between whale accumulation and institutional selling will likely determine XRP’s trajectory.