Overview

• XRP trades around $2.82–$2.88 after a swing low near $2.74, extending a two-week stall below $3.00.
• Analysts highlight a $2.80–$2.76 support cluster and resistance near $3.05–$3.10 as the levels likely to determine the next move.
• Coinglass data show roughly $49.3 million in net exchange outflows on August 29, reinforcing short-term selling pressure.
• A 50 million XRP transfer attributed to co‑founder Chris Larsen was reported to have triggered algorithmic selling.
• Network participation has cooled with new addresses near a two-month low and CMF at a nine-month low, leaving scenarios of a rebound toward $3.00 if support holds or a slide toward about $2.60 if it breaks.