Overview

• XRP trades near $2.87 after repeated rejections at $2.90–$2.92, keeping price capped within a narrow $2.83–$2.92 band.
• Momentum signals lean bullish, with MACD in the positive zone, RSI near 58, and key moving averages converging around $2.82–$2.88.
• Chart watchers flag a coiling setup and symmetrical triangle, with resistance near $2.95 and supports at $2.85, $2.80, then $2.72 if sellers gain control.
• On‑chain data points to accumulation, including reports of 1.7 million XRP bought over the past month and recent whale purchases estimated near 340 million tokens.
• Traders cite upcoming catalysts, with markets largely expecting a 25 bp Fed rate cut on Sept. 17 and SEC decisions on XRP‑related ETF applications projected for October.