XRP dey maintain $2.77 support as volatility dey widen
XRP price dey waka rough from Aug 31 reach Sept 1 as e dey trade for $2.70–$2.84 range. Even though dem get strong resistance for $2.82–$2.84, big guys (whales) don gather 340 million XRP for two weeks, e mean say institution dem begin dey show interest. One big bounce from $2.73 reach $2.82 with volume of 164 million, e strong the $2.70–$2.73 support level. Technical signs show say XRP volatility don push RSI near mid-40s and MACD compression don pass, e mean say market fit stay neutral or small bearish. Traders go dey watch for breakout pass $2.84 to fit target $3.00–$3.30 or if e drop below $2.70, e fit expose $2.50 support. How whale dem buy and institution dem sell go affect XRP price well well especially for the September market wey dey usually weak.
Neutral
XRP volatilit an whale dem accumulashon don balance resistans, wey e create consolidashen fase. Whale dem dey buy for support level wey fit show say bullish momentum fit happen, but dem dey reject am many times near $2.84 wey dey limit capital gain dem. Technical tools like RSI wey dey mid-40s and MACD compression dey show say short term sense na neutral or bearish. Dis kain buy and sell balance don happen before during old XRP consolidashen before big price jump. For long term, if whale keep accumulate pass $2.70, price fit climb go $3.30, but if support drop, price fit fall reach $2.50. So market impact na neutral, we dey wait for clear move pass resistans or below support.