XRP Consolidates Below $3 as RSI and MACD Signal Potential Breakout

News Background Whales accumulated about 340M XRP (~$960M) over the last two ￰0￱ offsets broader selling pressure and shows longer-horizon ￰1￱ is often a weak month for ￰2￱ uncertainty around central bank policy and growth outlook continues to pressure risk assets. On-chain and trading activity stayed ￰3￱ in the session volumes ran well above normal, then cooled as the day ￰4￱ pattern matches institutional-led buying in the open and retail-driven trading into the ￰5￱ Action Window: Sept. 1, 14:00 → Sept. 2, 13:00 (24h). Range: $2.70–$2.83, about a 4% ￰6￱ tagged $2.71 around 21:00 before rebounding to highs near $2.83. Volume: Surged to 101.36M and 93.66M in bursts, compared with a 24h average of ￰7￱ pace was about 19% higher than average.

Levels: A base formed at $2.70–$2.72. Repeated rejection near $2.83 capped the ￰8￱ session ended consolidating just under ￰9￱ Analysis Support: $2.70–$2.72 with volume-backed ￰10￱ levels at $2.65 and $2.50 if stress builds. Resistance: $2.83 near ￰11￱ that, $3.00 psychological and $3.30 structural breakout levels. Momentum: RSI in the mid-50s, showing neutral-to-bullish conditions.

MACD: Histogram is converging toward a bullish ￰12￱ would confirm constructive momentum if volumes remain high. Patterns: A symmetrical triangle is forming under $3.00. A sustained move above $3.30 could target $4.00 and ￰13￱ higher lows point to continued accumulation. Flows: Early heavy prints suggest institutional ￰14￱ fades show retail profit-taking under ￰15￱ Traders Are Watching A breakout above $2.83 and then $3.00.

A clean close through $3.30 is needed for upside ￰16￱ $2.70–$2.72 support holds. A close below this range shifts focus to $2.50. Confirmation from RSI moving above 60 with a MACD cross on rising ￰17￱ whale accumulation and whether it can absorb further September weakness.