The XRP symmetric triangle is formed less than $ 3.00, a rupture level of $ 3.30 in approach



News history

  • XRP negotiated in a narrow range of 2% from $ 2.81 to $ 2.87 During the 24 -hour session from September 2 at 14:00 to September 3 at 1:00 p.m.
  • Large accumulated wallets approximately 340m xRp (~ $ 960m) In the last two weeks, even when the institutions liquidated ~ $ 1.9b since July.
  • The total transaction volume through the Book Mayor XRP reached 2.15B XRP on September 1more than double typical daily activity.
  • Analysts remain divided: some highlight the long -term bullish structures (symmetrical triangles, Elliott Wave counts) with rise $ 7– $ 13while others warn about the impulse of fading under the resistance trend lines of several years.

Price action

  • XRP opened close $ 2.84 and closed in $ 2.85Up slightly despite intradic volatility.
  • Early submerged price from $ 2.84 → $ 2.79Then he recovered to $ 2.87 For midday of September 3.
  • Support developed in $ 2.82repeatedly attracting offers.
  • LIMITED RESISTANCE NEAR $ 2.86where the distribution pressure intensified.
  • Last minute trade saw a reversal: a spike for $ 2,873 (12:38 GMT) in Volume of 5.38m He was rejected, pushing the price below $ 2.85.

Technical analysis

  • Support: The $ 2.82 area remains the key demand area. Under that, $ 2.70 and $ 2.50 are the following.
  • Endurance: $ 2.86– $ 2.88 continues to act as a general supply. $ 3.00 is the psychological obstacle, with $ 3.30 as a confirmation of rupture.
  • Impulse: RSI stable in the mid -50, showing a neutral bias with light slender sleeve.
  • MACD: The histogram converges towards the Alcista crossover, pointing out the impulse could be strengthened if the volume persists.
  • Patterns: Consolidation of the symmetrical triangle below $ 3.00 intact. Breaking above $ 3.30 unlocks higher objectives.
  • Volume: Session waves (93m – 95m vs 44m Avg) point to active institutional flows.

What merchants are seeing

  • Yeah $ 2.82 support It is maintained under renewed pressure.
  • A decisive closure above $ 2.86– $ 2.88then $ 3.00 and $ 3.30 for a breakup configuration.
  • Whale flows: Continuous accumulation versus continuous institutional sale.
  • Regulatory and macro catalysts, including the PFE policy and the pending clarity of the SEC, which could quickly change the feeling.

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