XRP Maintains $2.77 Support as Volatility Widens
XRP volatility expanded over the Aug. 31–Sept. 1 period as the token traded within a $2.70–$2.84 range. Despite heavy resistance at $2.82–$2.84, whales accumulated 340 million XRP in two weeks, signalling growing institutional interest. A notable rebound from $2.73 to $2.82 on 164 million volume reinforced the $2.70–$2.73 support zone. Technical indicators show that XRP volatility has pushed RSI near mid-40s and left a MACD compression phase, pointing to a neutral-to-bearish bias. Traders will watch for a breakout above $2.84 to target $3.00–$3.30 or a breakdown below $2.70 exposing $2.50 support. The interplay between whale buying and institutional selling will likely shape XRP price in the historically weak September market.
Neutral
XRP volatility and whale accumulation offset resistance, creating a consolidation phase. Whale buying at support levels indicates potential bullish momentum, but repeated rejections near $2.84 cap gains. Technical indicators (RSI in mid-40s, MACD compression) signal a neutral-to-bearish bias in the short term. This balance of buying and selling mirrors past XRP consolidations before significant breakouts. In the long term, sustained accumulation above $2.70 could drive prices toward $3.30, but a breach of this support risks a drop to $2.50. Therefore, the market impact is neutral, pending a decisive move above resistance or below support.