Technical Indicator Hints at Potential Upswing in XRP as MACD Tightens

XRP Gains as Whale Buying Counters September Weakness

XRP rose 3% over the past day, moving from $2.74 to $2.82 as whales accumulated nearly $960 million worth of tokens despite seasonal and regulatory headwinds. Trading ranged between $2.70 and $2.83, with a sharp morning rally fueled by 164.9 million XRP in volume — nearly double daily averages.

Data shows whales added 340 million XRP across the last two weeks, underscoring conviction even as analysts remain divided. Some warn of a pullback after July’s $3.65 peak, while others highlight long-term breakout potential with targets above $7.

Support held at $2.70–$2.74 throughout the session, while $2.83 proved to be stiff resistance. XRP ended near $2.77 after late-session profit-taking.

Technicals lean cautiously positive: RSI sits in the mid-50s, while the MACD is nearing a potential bullish crossover. A symmetrical triangle under $3.00 points to tightening ranges, with a decisive move above $3.30 potentially opening upside toward $4.00. A drop below $2.70, however, could trigger downside toward $2.50.

Traders are focused on whale activity and pending U.S. spot ETF decisions as the next catalysts to define XRP’s September trajectory.