Overview

• XRP trades around $3.10, holding above key support near $3.02 after pulling back from a $3.35 peak earlier in August.
• On-chain data shows whales acquired roughly 440 million XRP in the past week, including 120 million during the August 15 market dip.
• Technical analysts including Ali Martinez identify a symmetrical-triangle consolidation between $3.02 and $3.26, and a breakout above $3.26 could target roughly $3.90.
• Institutional demand gains traction as Ripple reports growing adoption of the XRP Ledger by banks and payment firms, underpinning fundamental support.
• U.S. regulatory clarity remains in flux with the SEC’s reminder that the joint-appeal stipulation on Ripple’s case is still pending.