XRP traded in a fleeting 23-hour session from September 2 at. 03:00 to 3 September at. 02:00 that moves between $ 2.76 and $ 2.86.
Geopolitical and monetary policy uncertainty continues to drive volatility across crypto markets. Fed-rate-cut expectations remain in Flux after inflation data reactions, which adds to liquidity stress.
Whale accumulation of 340m xrp ($ 960 million) Over the past two weeks suggest that institutions are placing on weakness despite wider sales since July.
Analysts remain split: Some flagged risks against $ 2.50 if $ 2.76 breaks, while others cite long -term setups with targets over $ 4.00 if $ 3.30 resistance clears.
Price action
XRP opened near $ 2.79 and closed around $ 2.82, an increase of 2% on the session.
Intraday Low at $ 2.76 (12:00 gmt) were quickly defended with volume tips above 180mwell over 24 hours averages of 78m.
The price then went on to $ 2.86 During the course of 13: 00-14: 00 00 — recovery, establishment of resistance.
Last hour was another push from $ 2.83 to $ 2.86 with 3m+ tokens per day. Minute traded, confirming institutional participation.
Technical analysis
Support: $ 2.76- $ 2.78 defense on heavy volume. Next downward protective frames are at $ 2.70 and $ 2.50.
Resistance: $ 2.86 in the short term; $ 3.00 and $ 3.30 remain key -breaking levels.
Momentum: RSI steady in the mid-50s showing neutral-to-Bullish bias.
Macd: Histogram converging towards Bullish Crossover supports the accumulation thesis.
Patterns: Symmetrical triangle below $ 3.00 remains intact. Higher low pointing to growing pressure for a breakout if $ 2.86 is cleared.
Which dealers are looking at
Can $ 2.76 continue to hold during repeated tests, or open a collapse $ 2.50 risk?
A sustained close over $ 2.86, then $ 3.00, as signals for speed continuation.
Whale and ETF-related currents: October tempts for spot-ETF decisions could act as a catalyst.
Whether the volume remains elevated or fades back against average, the strength of the breakout setup determines.
