Symmetrical Triangle Emerges for XRP Under $3.00; Traders Watch $3.30 Resistance

XRP Consolidates Below $3 Amid Whale Accumulation and Institutional Selling

XRP showed resilience on Sept. 3, rebounding from session lows as whale accumulation partially offset ongoing institutional liquidations. However, price momentum remained capped by key resistance levels below $3.

Market Overview
During the 24-hour session from Sept. 2 at 14:00 to Sept. 3 at 13:00, XRP traded in a narrow $2.81–$2.87 range. Large wallets added approximately 340 million XRP (~$960M) over the past two weeks, balancing roughly $1.9 billion in institutional sell-offs since July. XRP Ledger transaction volume reached 2.15 billion XRP on Sept. 1, more than double typical daily activity, reflecting active market participation.

Analysts remain split: some point to long-term bullish structures—symmetrical triangles and Elliott Wave patterns—with upside targets of $7–$13, while others warn that momentum is fading below multi-year resistance.

Price Action Highlights

XRP opened near $2.84 and closed at $2.85, posting modest gains despite intraday volatility.
The price dipped early to $2.79 before rebounding to session highs around $2.87.
Support formed at $2.82, repeatedly attracting bids, while resistance near $2.86 capped upside.
A late-session spike to $2.873 on 5.38M volume was rejected, pushing XRP back under $2.85.

Technical Indicators

Support: $2.82 remains the main demand zone, with secondary levels at $2.70 and $2.50.
Resistance: $2.86–$2.88 acts as immediate overhead supply; $3.00 is psychological, with $3.30 as a key breakout level.
Momentum: RSI steady in the mid-50s, reflecting neutral-to-slightly bullish conditions.
MACD: Histogram approaching bullish crossover, indicating potential momentum gain if volume continues.
Pattern: Symmetrical triangle under $3.00 persists; a breakout above $3.30 would target higher levels.
Volume: Session spikes of 93M–95M XRP versus a 44M average highlight institutional flow activity.

Trader Focus

Monitoring whether $2.82 support holds under renewed pressure.
Watching for a decisive close above $2.86–$2.88, then $3.00 and $3.30 for breakout confirmation.
Tracking whale accumulation versus ongoing institutional selling.
Considering regulatory and macro catalysts, including Fed policy and SEC clarity, that could rapidly influence market sentiment.