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XRP Holds $2.80 Support as Whales Accumulate Nearly $1B: Could this Be Start to $4?

XRP has managed to hold its $2.80 support despite a sharp 4% drop over the past 24 hours, falling from $2.85 to $2.75 in the Aug. 31–Sept. 1 trading session.

The sell-off was fueled by institutional liquidations totaling $1.9 billion since July, but whale investors took the opposite stance, scooping up 340 million XRP worth nearly $962 million during the dip.

This accumulation suggests that large holders view current prices as a strategic entry point, even as short-term traders exit positions. Data also shows $268 million in XRP leaving exchanges, reinforcing the view that long-term investors are tightening supply in anticipation of future gains.

Technical Setup Points XRP Toward $4

From a technical perspective, XRP’s immediate support lies between $2.75–$2.77, with resistance seen at $2.80–$2.87. Analysts note that a close above $2.87 could open the path toward $3.30, a critical breakout zone that could trigger further momentum.

ripple XRP XRPUSD

Momentum indicators back the bullish case. The Relative Strength Index (RSI) has dipped into oversold territory, while MACD compression hints at a potential bullish crossover.

On the charts, XRP is consolidating inside a symmetrical triangle pattern, similar to formations that preceded explosive rallies in 2017. Liquidity maps show clusters of activity extending to $4.00, indicating possible targets if the breakout materializes.

Whales Diverge From Institutional Selling

The contrasting behavior between whales and institutions is shaping market dynamics. While institutions have offloaded nearly $2 billion in XRP since July, whale absorption of 340 million tokens suggests confidence in the token’s longer-term trajectory.

Funding rates have also flipped positive, and open interest in XRP derivatives now stands above $8 billion, signaling that traders are positioning for upward moves. If buying pressure holds and September’s seasonal weakness is overcome, XRP could mount a recovery rally toward the $4 region.

Bottom Line

XRP’s ability to defend $2.80, supported by nearly $1 billion in whale accumulation, strengthens the case for a potential breakout. If resistance levels fall, a run toward $4 may be closer than many expect, though September volatility and regulatory headwinds remain key risks.

Cover image from ChatGPT, XRPUSD chart from Tradingview



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