XRP decreased 4% of $ 2.85 to $ 2.75 in the 24 -hour session ending on September 1 at 02:00, moving through a range of $ 0.12 (4%).
Market turbulence was amplified by Institutional settlement flows for a total of $ 1.9b since Julycausing fears of cyclic exhaustion.
In contrast, The accumulated whales 340m xrp in the last two weekshighlighting the contradictory behavior between the great holders and the short -term liquidators.
The seasonality of September and the current regulatory pressure in the US.
The data in the chain show activity in the main book XRP higher trends, with symmetric-triángulos formations that remind the conditions prior to the 2017 rupture. Liquidity maps suggest concentrations of up to $ 4.00 that could amplify any upward movement.
Summary of the price action
The most acute decrease arrived at 23:00 GMT on August 31, when XRP fell from $ 2.80 to $ 2.77 in 76.87m VolumeThey almost triple the daily average of 27.3m.
The support was tested again during the final time (01: 31–02: 30 GMT, September 1) since the price fell from $ 2.77 to $ 2.75, with 10 m+ tokens peaks per minute confirming forced liquidations.
Early in the day, XRP briefly touched $ 2.87 before retiring, as institutional manifestations of limited sale above $ 2.80.
Technical analysis
Support: $ 2.75– $ 2.77 is still the immediate basis; Under this, $ 2.50 and $ 2.00 are critical levels in the long term.
Endurance: Heavy re -lodged at $ 2.80– $ 2.87 marks the roof for now; $ 3.30 is the highest -term rupture line.
Impulse: RSI immersed itself in the mid -40 before stabilizing, which suggests overall conditions.
Macd: The bearish divergence persists, but the compression of the histogram points to the potential crossover if the accumulation continues.
Patterns: Symmetric triangle + double background formations are aligned with the long -term cup and handling structure. Analysts mark the upward potential at $ 5– $ 13 if the resistance and liquidity pockets are broken above $ 4.00 are used.
Volume: The peak of 76.87m during the breakdown of $ 2.80 confirms the distribution, but the absorption of 340 million tokens whales in the background supports the accumulation case.
What merchants are seeing
Can $ 2.75 keep the new floor in the negotiation of early September?
A closure above $ 2.87 would turn a bias towards a race at $ 3.30.
Divergence between Institutional sale ($ 1.9b since July) and Whale accumulation (340m tokens in August) As a key market engine.
If the seasonal weakness of September cancels the bullish structural configurations that point to $ 5– $ 13.
