XRP exchanged in a narrow range of 2% of $ 2.81 to $ 2.87 During the 24 -hour session from September 2 from 2 p.m. to September 3 at 1:00 p.m.
Large wallets have roughly accumulated 340m XRP (~ $ 960m) In the past two weeks, while institutions have liquidated ~ $ 1.9 billion since July.
The total volume of transactions through the large XRP book has reached 2.15B XRP on September 1More than a typical double daily activity.
Analysts remain divided: some highlight long -term upper structures (symmetrical triangles, the number of Elliott waves) with an increase $ 7 to $ 13While others warn to discolor the momentum under the multi -year resistance lines.
Action
XRP opened near $ 2.84 and closed to $ 2.85Slightly despite intra -day volatility.
Price plunged early from $ 2.84 → $ 2.79Then bounces to $ 2.87 at noon on September 3.
Support developed at $ 2.82Attracting offers on several occasions.
Resistance capped to the near rise $ 2.86where the distribution pressure has intensified.
The final hour trading has seen a reversal: a peak of $ 2.873 (12:38 GMT) on Volume of 5.38 m was rejected, postponing the price of less than $ 2.85.
Technical analysis
Support: The $ 2.82 area remains the key request area. Below, $ 2.70 and $ 2.50 are the next one.
Resistance: $ 2.86 to $ 2.88 continues to act as a general offer. $ 3.00 is the psychological obstacle, with $ 3.30 as a confirmation in small groups.
Momentum: RSI stable in the mid -1950s, showing a neutral bias with a slight meager bullish.
MacD: The histogram converging towards a bullish crossing, the signaling momentum could be strengthened if the volume persists.
Motifs: Symmetrical consolidation of the triangle in less than $ 3.00 intact. Break greater than $ 3.30 unlocks higher targets.
Volume: Session overvoltages (93 m to 95m against 44m AVG) point to active institutional flows.
What traders look at
If $ 2.82 support holds under a renewed pressure.
A decisive closure above $ 2.86 – $ 2.88Then $ 3.00 and $ 3.30 for an escape configuration.
Whale flow: continuous accumulation compared to the institutional sale in progress.
Regulatory catalysts and macro, including Fed policy and the clarity of the pending dry, which could quickly change the feeling.
