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News Background
- XRP acted in a narrow range of 2% from $ 2.81 to $ 2.87 Under 24 hours from September 2 at. 14:00 to 3 September at. 13:00.
- Large wallets accumulated about 340m XRP (~ $ 960m) Over the past two weeks, even when institutions liquidated ~ $ 1.9b since July.
- Overall transaction volume over XRP -Hovedbok 2.15B XRP on September 1More than double typical daily activity.
- Analysts remain split: Some highlight prolonged bullish structures (symmetrical triangles, elliott-wave counts) with upward towards them toward $ 7- $ 13While others warn of fading momentum under perennial resistance trend lines.
Price action
- XRP opened near $ 2.84 and closed at $ 2.85up a little despite intraday volatility.
- Price dipped early from $ 2.84 → $ 2.79Then rebound to $ 2.87 At noon on September 3rd.
- Support developed at $ 2.82repeatedly attracts bids.
- Resistance uncovered upside down near $ 2.86where the distribution pressure intensified.
- Trade in the last hour saw a turn: an increase to 2,873 $ (12:38 gmt) on 5.38 m Volume was rejected and pushed the price back under $ 2.85.
Technical analysis
- Support: $ 2.82 zone remains the most important demand area. Under this is $ 2.70 and $ 2.50 next.
- Resistance: $ 2.86- $ 2.88 still acts as overhead supply. $ 3.00 is the psychological obstacle with $ 3.30 as a breakout confirmation.
- Momentum: RSI steadily in the mid -50s showing neutral bias with slightly bullish lean.
- MACD: Histogram converging against Bullish Crossover can signal momentum strength if volume persists.
- Patterns: Symmetrical triangle consolidation under $ 3.00 intact. Break over $ 3.30 Unlock higher targets.
- Bind: Session Surger (93m – 95m against 44m AVG) points to active institutional currents.
Which dealers are looking at
- Sore $ 2.82 Support Keeps under renewed pressure.
- A decisive close above $ 2.86- $ 2.88Then $ 3.00 and $ 3.30 for a breakout setup.
- Whale streams: Continued accumulation versus ongoing institutional sales.
- Regulatory and macro -catalysts, including bold policy and pending Sec Clarity, which could quickly change mood.
