XRP decreased by $ 2.85 to $ 2.85 to $ 2.75 at the 24 -hour session ending on September 1 at 02:00, passing by a range of $ 0.12 (4%).
Market turbulence have been amplified by Institutional liquidation flows totaling $ 1.9 billion since Julycausing cyclic exhaustion fears.
On the other hand, Whales have accumulated 340 m XRP in the past two weekshighlighting the contradictory behavior between major holders and short -term liquidators.
The September seasonality and the current regulatory pressure in the United States add to caution: cryptographic markets have historically underperformed in September, while the unresolved actions of the SEC keep suspicious institutions.
The data on the chain show the activity on the major RCMP book, with symmetrical triangle training recalling the 2017 pre-rings conditions. Liquidity cards suggest that concentrations up to $ 4.00 could amplify any movement up.
Summary of price action
The highest decline occurred at 11:00 p.m. GMT on August 31, when XRP increased from $ 2.80 to $ 2.77 Volume of 76.87 mAlmost triple the daily average of 27.3 million.
The support was tested again during the last hour (01: 31–02: 30 GMT, September 1), the price went from $ 2.77 to $ 2.75, with peaks of 10M + tokens per minute confirming forced liquidations.
Earlier in the day, XRP briefly affected $ 2.87 before retiring, as editors for institutional sales, comprehensive rallies greater than $ 2.80.
Technical analysis
Support: $ 2.75 – $ 2.77 remain the immediate base; Below, $ 2.50 and $ 2.00 are essential levels in the longer term.
Resistance: Heavy rejection at $ 2.80 to $ 2.87 marks the ceiling for the moment; $ 3.30 is the high -term escape line.
Momentum: RSI plunged into the mid -1940s before stabilizing, suggesting surveillance conditions.
MacD: The down divergence persists but the compression of the histogram points to a potential crossing if the accumulation continues.
Patterns: The symmetrical triangle + Double-Bottom formations line up with the long-term structure of the cup and the handle. Analysts report the upward potential from $ 5 to $ 13 if resistance breaks and liquidity pockets above $ 4.00 are used.
Volume: The peak of 76.87 m when breaking $ 2.80 confirms the distribution, but the absorption of the 340 m chip whales in the background supports the case of accumulation.
What traders look at
Can $ 2.75 retain the new floor in early September?
A fence greater than $ 2.87 would return to a race at $ 3.30.
Divergence between Institutional sale ($ 1.9 billion since July) And Accumulation of whales (340 m tokens in August) as a key market engine.
If the seasonal weakness of September prevails over the upward structural configurations pointing to $ 5 to $ 13.
