XRP Holds the Line at $2.77 as Swings Intensify. What Comes Next?

XRP held firm between $2.70 and $2.84 during the Aug. 31–Sept. 1 window, with heavy whale buying helping defend support even as resistance at $2.82–$2.84 capped gains.

The token slipped from $2.80 to $2.70 late on Aug. 31 before rebounding sharply to $2.82 on above-average volume. Data shows whales accumulated 340 million XRP over the past two weeks, signaling institutional conviction despite broader market weakness. During the Sept. 1 rebound, more than 164 million tokens traded hands in a single session—over double the norm.

Market Dynamics

• Support: $2.70–$2.73 reinforced by whale demand
• Resistance: $2.80–$2.84 ceiling; breakout could target $2.87–$3.02
• Momentum: RSI mid-40s points to neutral-to-bearish bias; MACD remains compressed but nearing a possible crossover
• Pattern: Symmetrical triangle forming, suggesting a volatility squeeze and potential breakout toward $3.30

Trader Focus

• Sustained defense of $2.70–$2.73 could set up renewed tests of $2.84
• A daily close above $2.84 would reopen upside toward $3.00–$3.30
• A breakdown below $2.70 risks exposing $2.50 as the next major floor
• The balance between whale accumulation and institutional selling is likely to dictate XRP’s September trajectory

About The Author

ctleditor

See author's posts