XRP Consolidates Below $3 as RSI and MACD Signal Potential Breakout
0XRP trades between $2.70–$2.83 in volatile session; whales add nearly $960M worth of tokens as technicals hint at a potential breakout.
Whales accumulated about 340M XRP (~$960M) over the last two weeks. This offsets broader selling pressure and shows longer-horizon conviction.September is often a weak month for crypto. Macro uncertainty around central bank policy and growth outlook continues to pressure risk assets.On-chain and trading activity stayed elevated. Early in the session volumes ran well above normal, then cooled as the day progressed. The pattern matches institutional-led buying in the open and retail-driven trading into the close.
Window: Sept. 1, 14:00 → Sept. 2, 13:00 (24h).Range: $2.70–$2.83, about a 4% swing. Price tagged $2.71 around 21:00 before rebounding to highs near $2.83.Volume: Surged to 101.36M and 93.66M in bursts, compared with a 24h average of 65.49M. Weekly pace was about 19% higher than average.Levels: A base formed at $2.70–$2.72. Repeated rejection near $2.83 capped the upside. The session ended consolidating just under resistance.
Support: $2.70–$2.72 with volume-backed demand. Secondary levels at $2.65 and $2.50 if stress builds.Resistance: $2.83 near term. Above that, $3.00 psychological and $3.30 structural breakout levels.Momentum: RSI in the mid-50s, showing neutral-to-bullish conditions.MACD: Histogram is converging toward a bullish crossover. This would confirm constructive momentum if volumes remain high.Patterns: A symmetrical triangle is forming under $3.00. A sustained move above $3.30 could target $4.00 and beyond. Intraday higher lows point to continued accumulation.Flows: Early heavy prints suggest institutional buying. Later fades show retail profit-taking under resistance.
A breakout above $2.83 and then $3.00. A clean close through $3.30 is needed for upside extension.Whether $2.70–$2.72 support holds. A close below this range shifts focus to $2.50.Confirmation from RSI moving above 60 with a MACD cross on rising volume.Ongoing whale accumulation and whether it can absorb further September weakness.
https://www.coindesk.com/markets/2025/09/02/xrp-consolidates-below-usd3-as-rsi-and-macd-signal-potential-breakout
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