XRP exchanged a volatile session from 11 p.m. on September 2 at 3:00 a.m. to September 3 at 2:00 a.m. $ 2.76 and $ 2.86.
The uncertainty of geopolitical and monetary policy continues to stimulate volatility on cryptographic markets. Food rate expectations remain in flow after the release of inflation data, adding to liquidity stress.
Accumulation of whales 340m XRP ($ 960 million) Over the past two weeks, suggests that institutions are positioned on weakness despite larger sales since July.
Analysts remain divided: Certain risks of drop in the flag to $ 2.50 if $ 2.76 break, while others cite long -term configurations with targets greater than $ 4.00 if resistance to $ 3.30 emerges.
Action
XRP opened nearly $ 2.79 and closed approximately $ 2.82, up 2% on the session.
Intraday low to $ 2.76 (12:00 GMT) was quickly defended with volume tips above 180mwell above the average 24 hours 78m.
The price then advanced to $ 2.86 During the recovery of 13: 00 to 14:00, establishing resistance.
The last hour saw another thrust of $ 2.83 to $ 2.86 with tokens of 3 m + per minute exchanged, confirming institutional participation.
Technical analysis
Support: $ 2.76 – $ 2.78 defended in heavy volume. The next downhill railing is $ 2.70 and $ 2.50.
Resistance: $ 2.86 short -term CAP; $ 3.00 and $ 3.30 remain key escape levels.
Momentum: Stable RSI in the mid -1950s, showing a thief bias.
MacD: Histogram converging towards a bullish crossing, favorable to the accumulation thesis.
Patterns: Symmetrical triangle of less than $ 3.00 remains intact. Higher hollows indicate increasing pressure for an escape if $ 2.86 is erased.
What traders look at
Can $ 2.76 continue to go under repeated tests, or does a breakdown open a risk of $ 2.50?
A sustained fence greater than $ 2.86, then $ 3.00, as signals for the pursuit of the momentum.
Flows linked to whales and ETFs: October deadlines for the decisions of FNB Spot could act as a catalyst.
Whether the volume remains high or fades towards the averages, determining the force of the configuration of the rupture.
