XRP Slips to $2.75 but Whale Accumulation Signals Potential Upside

XRP entered September on a bearish note, falling 4% from $2.85 to $2.75 in the August 31–September 1 session. The sharpest drop came at $2.80, where nearly 77 million tokens changed hands in just one hour, almost triple the daily average.

This intense sell pressure triggered forced liquidations and spurred fears of further downside. Yet, beneath the volatility, a different trend emerged: long-term holders absorbed the dip, purchasing 340 million XRP, worth nearly $962 million.

This whale accumulation contrasts sharply with institutional liquidations totaling $1.9 billion since July. The divergence suggests large investors see long-term opportunity even as short-term traders capitulate.

Historical seasonality, however, adds caution: September has often been a weak month for crypto markets, and regulatory overhang in the U.S. continues to weigh on sentiment.

Technical Setup: $2.75 Support vs. $2.87 Resistance

From a technical perspective, $2.75–$2.77 has now become a critical support zone. If this level holds, analysts argue XRP could mount another attempt at reclaiming $2.87.

A decisive close above that level would likely shift momentum toward the $3.30 breakout line. Beyond that, liquidity maps show concentrations up to $4.00, with long-term structures like symmetrical triangles and cup-and-handle formations hinting at even higher targets.

Indicators back this outlook. The RSI briefly dipped into oversold territory before stabilizing, suggesting sellers may be exhausted. Meanwhile, the MACD histogram is compressing, often a precursor to bullish crossovers. Combined with heavy accumulation from whales, these signals strengthen the case for a rebound.

Long-Term Outlook: Can Ripple Reach $7 by 2026?

Looking further ahead, many analysts remain optimistic about XRP’s trajectory. Ripple’s introduction of RLUSD, a U.S. dollar–backed stablecoin designed for cross-border payments, has expanded XRP’s real-world utility and reinforced institutional confidence.

With a current market cap near $167 billion and strong base-building on the charts, Ripple appears well positioned for the next growth cycle.

If XRP successfully clears the $3.30 barrier, projections range from $5 to as high as $13 in the medium term. More conservative forecasts suggest XRP could trade near $3 this year and potentially reach $7 by 2026, especially if tokenization trends and stablecoin adoption continue accelerating.

Bottom Line

Despite short-term turbulence and seasonal weakness, XRP’s fundamentals and whale dynamics paint a cautiously bullish picture. As long as $2.75 holds, Ripple may be setting up for another leg higher, one that could carry it into the $3–$7 range over the next 12–18 months.