XRP drop go $2.94 after $3 breakout as reserves land for high
XRP first time climb pass $3 for September 9 because people dey expect Fed go cut rates, spot ETF applications dey come, plus big whale dem put over 340 million XRP enter. Volume jump reach almost 160 million, exchange reserves touch 12-month high, meaning say fit be sell pressure dey. For September 10, big institutional sell-off for $3.03 push XRP down to $2.94, resistance dey for $3.02, support dey near $2.94–2.95. Traders dey watch SEC ETF decision for October and Fed plan cut 25 bp for September 17. If e close above $2.95/$3.00 sharply, e fit show say price go run up to $3.30–3.50, meanwhile the rising reserves and liquidity measures go guide XRP momentum for medium term.
Neutral
Di slip wey drop under $3 because institutional people dey sell and exchange reserves dey rise mean say for short-term e get bearish pressure, but whales dem dey gather strong, Fed rate cut dey expected and spot ETF fit get approval wey fit make market better for medium-term. Wetin market go do next go depend if XRP fit reach back the key levels around $2.95/$3.00 to start strong uptrend. So, the immediate effect na mixed level, e good make person hold neutral stance.