The XRP dropped 4% from $ 2.85 to $ 2.75 in the 24-hour session, which ended on September 1 at 1 p.m. 02:00 and moved over a $ 0.12 (4%) interval.
Market turbulence was reinforced by Institutional liquidation flows totaling $ 1.9B since Julythat creates fear of cyclic exhaustion.
In contrast Whales accumulated 340 m XRP over the past two weeksthat highlights conflicting behavior between large holders and short -term liquidators.
September Seasonal and continuous regulatory pressure in the United States adds to caution: Crypto markets have historically underpinned in September, while unresolved SEC actions keep institutions on duty.
Data on the chain shows activity on the XRP headbook, which is higher, with symmetrical triangle formations reminiscent of the 2017 ratios in 2017. Liquidity cards suggest concentrations up to $ 4.00 that can reinforce any upside.
Summary of Price Action
The sharpest decline came at. 23:00 GMT on August 31 when XRP fell from $ 2.80 to $ 2.77 at 76.87 m VolumeAlmost triple the daily average of 27.3 m.
The support was tested again during the last hour (01: 31-02: 30 GMT, September 1) as the price dropped from $ 2.77 to $ 2.75, with spikes of 10m+ tokens per day. Minute confirmation of forced liquidation.
Earlier in the day, the XRP carded cards of a card at $ 2.87 before retiring when institutional sales of limited rallies over $ 2.80.
Technical analysis
Support: $ 2.75- $ 2.77 remains the immediate base; Under this, $ 2.50 and $ 2.00 are critical levels in the longer term.
Resistance: Heavy rejection of $ 2.80- $ 2.87 marks the ceiling for now; $ 3.30 is the higher term breakout line.
Momentum: RSI dipped in the mid -40s before stabilizing and hinted at oversold conditions.
Macd: Bearish divergence persists, but histogram compression points on potential crossover whose accumulation continues.
Patterns: Symmetrical triangle + double-bound formations are in line with prolonged cup-and-handle structure. Analysts mark upward potential for $ 5- $ 13 if the resistance breaks and liquidity pockets over $ 4.00 tapped.
Bind: 76.87 m Spike during the division of $ 2.80 confirms the distribution, but the whale absorption of the 340 m -tokens in the background supports the case for accumulation.
Which dealers are looking at
Can $ 2.75 hold like the new floor in early September trading?
A close over $ 2.87 would turn bias against a run of $ 3.30.
Divergence between Institutional Sales ($ 1.9 B since July) and Whale accumulation (340 m tokens in August) as an important market driver.
About seasonal September Weakness disregards Bullish structural setups pointing at $ 5- $ 13.
