XRP News Today: XRP's Price Drama: Whales Accumulate Amid Short-Term Turmoil

XRP’s price has consolidated near $2.82 as it trades within a defined range amid increasing long liquidations in the broader crypto market. Over the last 24 hours, the token has moved between $2.70 and $2.84, with key support identified at $2.70–$2.73 and resistance forming around $2.80–$2.84. Whale activity has intensified, with large wallets accumulating 340 million XRP over the past two weeks, signaling institutional confidence in the asset despite bearish short-term pressure. This accumulation has coincided with a notable rebound on September 1, where 164 million XRP changed hands within a single morning session, more than doubling the average volume for the period [1].

The price volatility has been particularly pronounced during the Aug. 31–Sept. 1 window, with XRP dropping from $2.80 to $2.77 on a volume spike of 76.87 million tokens in a single hour. A subsequent rebound brought the price back to $2.82, reinforcing the notion that the $2.70–$2.73 level is a key area of support. However, the token has shown signs of resistance in the $2.80–$2.81 range, with heavy selling observed between 10:31 and 10:39 GMT on Sept. 1. This indicates that while bulls are attempting to push the price higher, sellers remain active in that critical zone [1].

Technical indicators also point to a cautious outlook. The Relative Strength Index (RSI) for XRP is currently in the mid-40s, suggesting a neutral-to-bearish bias, while the Moving Average Convergence Divergence (MACD) remains in a compression phase. The formation of a symmetrical triangle pattern under $3.00 has been noted, and a breakout above $3.30 could signal a shift in momentum. Analysts are watching whether the $2.82 support level holds, as a sustained breakdown could expose the $2.70 and $2.50 levels [1]. A close above $2.84 would likely put the $3.00–$3.30 range back in play, providing a potential path to a $5.42 target if institutional buying continues to outpace liquidation pressures.

The broader crypto market has also seen significant volatility, with total long liquidations across all cryptocurrencies reaching $446 million in a 24-hour period. Bitcoin and Ethereum were particularly affected, with both dropping over 6% as investors reacted to new inflation data and shifting risk sentiment. XRP, as the third-largest cryptocurrency by market cap, was not immune to this trend, dipping to $2.84 after a 6% decline [3]. The broader market weakness has added a layer of uncertainty to XRP’s short-term outlook, as traders balance bullish whale accumulation against institutional selling dynamics.

Looking ahead, key price levels and on-chain activity will be critical in determining XRP’s next move. A continuation of accumulation by large wallets may support a push toward $3.05–$3.20, especially if volume remains strong and momentum indicators improve. However, a breakdown below $2.70 could trigger further losses, exposing the $2.50 support as the next major level. Institutional selling and macroeconomic developments, including regulatory clarity and Federal Reserve policy, will remain important catalysts for the token’s price action. As XRP continues to consolidate, traders are closely watching for signs of a sustained breakout or a sharp reversal [2].

Source:

[1] XRP Volatility Widens as Price Holds $2.77 Support. What Next? (https://finance.yahoo.com/news/xrp-volatility-widens-price-holds-132731688.html)

[2] XRP Symmetrical Triangle Forms Under $3.00, $3.30 Breakout Level in Focus (https://www.coindesk.com/markets/2025/09/04/xrp-symmetrical-triangle-forms-under-usd3-00-usd3-30-breakout-level-in-focus)

[3] Crypto Liquidations Top $500 Million as Bitcoin, Ethereum Drop (https://finance.yahoo.com/news/crypto-liquidations-top-500-million-145625387.html)