XRP Trades Under $3 as Momentum Signals Line Up for a Potential Rally

XRP Range-Bound as Whale Buying Provides Support Ahead of Key Resistance

XRP traded between $2.70 and $2.83 over the past day, with volatility elevated as whales stepped in with nearly $1 billion in fresh accumulation. Despite the buying, price remains capped below resistance as traders watch for signs of a breakout.

Market Drivers
On-chain data shows about 340 million XRP—worth roughly $960 million—were accumulated by large holders in the last two weeks. This wave of buying has offset broader market pressure and signals conviction from long-term investors. Still, September remains a seasonally difficult period for digital assets, with macro uncertainty around central bank policy and slowing global growth weighing on sentiment.

Activity in XRP was strongest early in the session, driven by institutional flows, before tapering into more retail-led trading toward the close.

Trading Snapshot

• Period: Sept. 1, 14:00 → Sept. 2, 13:00
• Range: $2.70–$2.83 (≈4% swing)
• Low: $2.71 at 21:00 before recovery
• High: $2.83, repeatedly rejected
• Volume: Surged to 101.36M and 93.66M, well above the 24h average of 65.49M; weekly turnover ~19% above trend
• Trend: Support firming at $2.70–$2.72 with consolidation just below resistance

Technical Outlook

• Support: $2.70–$2.72 key; secondary zones at $2.65 and $2.50
• Resistance: Immediate cap at $2.83, then $3.00 and $3.30 as breakout levels
• Momentum: RSI mid-50s, leaning neutral-to-bullish
• MACD: Approaching bullish crossover; confirmation depends on sustained volume
• Pattern: Symmetrical triangle developing beneath $3.00; break above $3.30 could target $4.00+
• Flows: Institutional buying early, followed by retail profit-taking near resistance

What’s Ahead

• Break above $2.83 and then $3.00 needed to test the $3.30 breakout level
• Holding $2.70–$2.72 support is critical; failure points toward $2.50
• Traders looking for RSI >60 and MACD cross on rising volumes as breakout confirmation
• Whale demand will be key in determining whether XRP can withstand typical September weakness