Whales have accumulated approximately 340M XRP, worth around $960M, in the last two weeks, offsetting selling pressure and indicating long-term conviction in the cryptocurrency. September is historically a weak month for crypto due to macro uncertainty surrounding central bank policies and growth outlooks. On-chain and trading activity remained high, with volumes spiking early and cooling off later in the day. Price ranged from $2.70 to $2.83, with volume surging to 101.36M and 93.66M compared to the 24-hour average of 65.49M. Support is seen at $2.70–$2.72, with resistance at $2.83 and potential breakout levels at $3.00 and $3.30. Momentum indicators like RSI and MACD suggest neutral-to-bullish conditions, with a symmetrical triangle forming under $3.00. Institutional buying and retail profit-taking are evident in the market flows, with a breakout above $2.83 and $3.00 needed for upside extension. Focus shifts to $2.50 if support at $2.70–$2.72 fails, and confirmation from RSI moving above 60 with a MACD cross on rising volume is awaited. The ongoing whale accumulation will be crucial in absorbing any further weakness in September.

Read more at Yahoo Finance: XRP Consolidates Below $3 as RSI and MACD Signal Potential Breakout