MACD Setup Suggests XRP Could Be Poised for Next Leg Higher

XRP Climbs as Whale Accumulation Counters Market Headwinds

XRP gained 3% over the past 24 hours, rising from $2.74 to $2.82 as whales boosted exposure by nearly $960 million. The move came despite ongoing regulatory uncertainty and the seasonal weakness that often weighs on crypto markets in September.

Trading between $2.70 and $2.83, XRP saw heavy institutional flows during the morning rally, with 164.9 million tokens exchanged — almost double daily averages. Blockchain data shows whales accumulated 340 million XRP over the past two weeks, signaling conviction even as analysts remain split. Some warn of a deeper correction following July’s $3.65 peak, while others see long-term breakout setups with targets above $7.

Price action confirmed $2.70–$2.74 as near-term support, while $2.83 remains the immediate ceiling. Late in the session, the token consolidated around $2.77 after profit-taking.

Technicals are mixed: RSI hovers in the mid-50s with a neutral-to-bullish bias, while MACD is compressing toward a potential bullish crossover. A symmetrical triangle continues to form under $3.00, leaving both breakout and breakdown scenarios open.

Traders are watching whether XRP can reclaim $2.83 to target $3.00–$3.30 or risk a slide toward $2.50 if $2.70 gives way. Pending decisions on spot XRP ETFs could provide the next major catalyst.