XRP’s price has been oscillating in a tight range just shy of $3.00, forming a symmetrical triangle pattern—a technical setup that often precedes significant price movements. As of September 4, 2025, traders are closely watching the $3.30 level, a potential breakout point that could signal a new bullish phase for the digital asset. This aligns with insights from XRP Trading Idea: Neutral RSI and Symmetrical Triangle Support $3.30 Breakout, which highlights the technical factors underpinning this potential breakout.
Institutional Dynamics and Whale Activity
The past fortnight has seen a flurry of activity as large wallets have accumulated approximately 340 million XRP, valued around $960 million. This comes despite institutions liquidating roughly $1.9 billion since July, underscoring a stark divergence in market sentiment. On September 1, the XRP Ledger recorded a staggering transaction volume of 2.15 billion XRP, more than doubling its usual daily activity—a clear indication of heightened interest and engagement.
Market observers remain divided on XRP’s trajectory. Some analysts point to long-term bullish structures, such as symmetrical triangles and Elliott Wave counts, suggesting potential price targets between $7 and $13. However, others caution that the fading momentum below multi-year resistance trendlines could stall any upward movement.
Technical Landscape: Support and Resistance
Analyzing the latest price action, XRP opened at $2.84 and managed a slight uptick to $2.85 by the session’s end, despite intraday volatility. Early on, the price dipped from $2.84 to $2.79 but rebounded to $2.87 by midday on September 3. Support has consistently developed around the $2.82 level, drawing in bids each time the price falters. Meanwhile, resistance near $2.86 to $2.88 has proven formidable, with distribution pressure intensifying at these levels.
The technical indicators tell a nuanced story. The Relative Strength Index (RSI) hovers in the mid-50s, signaling a neutral bias with a slight bullish lean. The Moving Average Convergence Divergence (MACD) histogram is converging toward a bullish crossover, hinting that momentum could strengthen if volume remains robust.
The symmetrical triangle formation under $3.00 remains intact, with a break above $3.30 potentially unlocking higher targets. Traders are particularly focused on whether the $2.82 support will hold under renewed pressure, while also watching for a decisive move above the $2.86 to $2.88 range, which could pave the way for a rally past the psychological $3.00 mark.
Broader Market Considerations
Beyond technicals, broader regulatory and macroeconomic factors loom large. The Federal Reserve’s policy decisions and pending clarity from the Securities and Exchange Commission (SEC) could swiftly alter market sentiment. Additionally, whale flows—ongoing accumulation juxtaposed with institutional selling—add another layer of complexity to the market dynamics. This is further compounded by XRP’s recent rise in prominence, as discussed in XRP Becomes Top 3 Coin on Major US Exchange Kraken’s Top Crypto List, which highlights its growing influence in the crypto market.
As XRP continues to trade within this narrow band, the crypto community remains on tenterhooks, keenly observing whether the asset will muster the strength to break through its current constraints. The interplay between whale activity and institutional movements will be a critical factor in determining the next chapter of XRP’s price narrative.
In conclusion, while the symmetrical triangle pattern under $3.00 suggests potential for significant price action, the path forward is fraught with both opportunity and uncertainty. Investors and traders alike are advised to keep a watchful eye on key support and resistance levels, as well as external catalysts that could tip the scales in either direction. With regulatory developments and macroeconomic shifts on the horizon, XRP’s journey remains as unpredictable as it is intriguing.
Source
This article is based on: XRP Symmetrical Triangle Forms Under $3.00, $3.30 Breakout Level in Focus
Further Reading
Deepen your understanding with these related articles:
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
