XRP Declines to $2.75 Amid Institutional Liquidation of $1.9B

Market Overview

XRP declined 4% from $2.85 to $2.75, with a range of $0.12 in the 24 hours ending Sept. 1.
Institutional liquidation flows reached $1.9B since July, raising concerns about market exhaustion.
Whales accumulated 340M XRP in two weeks, indicating contrasting actions between large holders and short-term sellers.
September historically sees crypto underperformance; ongoing U.S. regulatory pressures add caution.
On-chain data shows increased activity on the XRP Ledger, resembling pre-breakout conditions seen in 2017, with liquidity concentrations up to $4.00.

XRP dropped sharply at 23:00 GMT on Aug. 31 from $2.80 to $2.77 on 76.87M volume, nearly triple the daily average.
Support was tested as price fell from $2.77 to $2.75 during the final hour on Sept. 1, confirming forced liquidations.
XRP briefly peaked at $2.87 earlier that day before institutional selling capped further rallies.

Support levels are identified at $2.75–$2.77; critical long-term levels are $2.50 and $2.00.
Resistance is currently at $2.80–$2.87; a breakout line is at $3.30.
RSI indicates oversold conditions, having dipped into the mid-40s.
Bearish divergence persists in MACD, though potential crossover may occur if accumulation continues.
Patterns suggest upside potential to $5–$13 if resistance breaks and liquidity above $4.00 is accessed.
The spike in volume during the breakdown confirms distribution, but whale absorption supports accumulation theory.

Monitoring if $2.75 holds as a new support level as September trading begins.
A close above $2.87 could shift market bias toward testing $3.30.
Watching the impact of institutional selling versus whale accumulation on market dynamics.
Assessing if seasonal weakness in September will counter bullish setups suggesting targets of $5–$13.