XRP struggles to break above $2.88-$2.89, dropping 4% due to institutional selling. Consolidation under $3.00 for 47 days continues. SEC to decide on XRP ETFs in October. Whales accumulate 340 million tokens despite volatility. Federal Reserve policies and inflation data impact broader liquidity conditions.

XRP traded in a $0.08 range, with a sharp drop to $2.81 on high volume. Stabilized around $2.82-$2.83. Support seen at $2.77. Resistance at $2.88-$2.89. Technical indicators show a possible bullish shift. Consolidation pattern under $3.00 remains.

Key questions: Will $2.77 support hold? Impact of retesting $2.88-$2.89 resistance. Whales accumulating offset exchange balances. October SEC decisions and macro drivers to watch. Market awaits potential breakout above $3.30.

Read more at Yahoo Finance: XRP Holds Above $2.82 After Sharp Decline, Technicals Point to $3.30 Breakout Test