XRP Poised for Gains as MACD Nears Bullish Crossover — Key Levels, Flows, and What to Watch

News Background
– Over the 24-hour period from Sept.

1 at 03:00 to Sept.

2 at 02:00, XRP climbed roughly 3%, trading in a range of $2.70–$2.83 and experiencing about 5% intraday volatility.

– Early-session activity was dominated by institutions, with a spike to 164.9M XRP traded between 07:00–08:00 GMT — nearly double the 24-hour average of 86M.
– Large holders have added roughly 340M tokens (~$960M) during the past two weeks, suggesting strong conviction despite broader market pressures.

– Headwinds remain, notably the seasonally weaker September period and continued regulatory uncertainty.

Spot XRP ETF filings from Grayscale, Bitwise and other applicants are still pending with U.S.
regulators.

– Market commentators are divided: some warn of downside risk toward $1.00 following the July peak at $3.65, while others highlight longer-term breakout setups with $7–$8 targets.

Price Action Summary
– XRP opened around $2.74 and climbed to a morning high of $2.83 on heavy volume, then eased back to $2.77 by the close of the session.
– Support in the $2.70–$2.74 band held repeatedly, while $2.83 acted as near-term resistance.

– In the late session (23:18–00:17 GMT) the price nudged from $2.74 to $2.77, a 0.68% move, with trading bursts exceeding 2M tokens per minute — consistent with institutional flow involvement.

Technical Analysis
– Support: $2.70–$2.74 is the immediate floor to watch.
– Resistance: $2.83 is the first ceiling; $3.00–$3.30 represents the wider breakout zone. – Momentum: The RSI sits in the mid-50s, implying a neutral-to-mildly bullish bias.

– MACD: The histogram is tightening toward what could become a bullish crossover as accumulation continues.

– Chart structure: Price has been compressing into a symmetrical triangle beneath $3.00; a decisive breakout above $3.30 could open a run toward $4.00+.
– Volume: The early-session surge to 164.9M signaled whale participation, while later trading volume fell to about 21.7M as retail activity became more prominent.

What Traders Are Watching
– Whether institutional accumulation will outweigh analyst warnings of a cycle top and define September’s direction.

– Rulings on pending spot ETF applications as potential catalysts for substantial inflows.
– Bull case: reclaim $2.83 and then push through $3.00–$3.30.