Sep 2, 2025
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Whales Accumulate 340M XRP Amid Market Uncertainty and Price Consolidation
Summary of Key Points
- Whales accumulated approximately 340M XRP (~$960M) in two weeks, indicating long-term confidence despite selling pressure.
- September historically weak for crypto due to macroeconomic uncertainty affecting risk assets.
- On-chain and trading activity remained high, with institutional buying early in the session and retail trading later.
Price Action Overview
- Time Frame: Sept. 1, 14:00 → Sept. 2, 13:00 (24h).
- Price Range: $2.70–$2.83, with a 4% swing; price rebounded from $2.71 to near $2.83.
- Volume: Increased to 101.36M and 93.66M bursts, above the 24h average of 65.49M; weekly volume up by about 19%.
- Key Levels: Support at $2.70–$2.72; resistance capped at $2.83.
Technical Analysis Insights
- Support Levels: $2.70–$2.72, with secondary levels at $2.65 and $2.50.
- Resistance Levels: Near-term at $2.83; next targets are $3.00 and $3.30.
- Momentum Indicators: RSI mid-50s indicating neutral-to-bullish conditions; MACD nearing bullish crossover.
- Chart Patterns: Symmetrical triangle below $3.00; sustained move above $3.30 could target $4.00.
- Market Flows: Initial heavy prints suggest institutional buying; subsequent fades indicate retail profit-taking.
Trader Focus Areas
- Breakout above $2.83 and subsequently $3.00; a close above $3.30 necessary for further upside.
- Monitoring support at $2.70–$2.72; a drop below shifts focus to $2.50.
- Confirmation needed from RSI above 60 and MACD cross on rising volume.
- Impact of ongoing whale accumulation amidst potential September weakness.