“A ConfirMed Break Above this Resistance Could Open Room Toward $ 3.00– $ 3.30, While Repeated Failures May Reinforce The Celing and Invite Renewed Selling Pressure.”, – WRITE: www.coindesk.com
News Background• Fed Rate Cut Expectations Surged, with Futures Markets Pricing A 99% CHANCE OF A 25-BASIS-POINT CUT at the September 17 Fomc Meeting.
• Escalating US-CHINA Trade Tensions Stoked Valativity and Pushed Risk Flows Into Crypto.
• Market Analyst Dom Flagged +10M XRP Net Buy Pressure in 15 minutes during the Breakout Window.
• Technical Community Split: Bearish Divergence Flagged on Weekly Charts Vs. Bullish Breakout Projects Toward $ 4.50 Targets.
Price Action Summary• XRP Advanced 3% in the September 7–8 Window, Trading A $ 0.10 Range Between $ 2.83– $ 2.92.
• Breakout Sequance at 14:00 (Sept 7) Lifted Price from $ 2.85 to $ 2.92 On 231.25m Volume – 6x The 24h AVERAGE.
• Bulls Defended $ 2.86 Support Across Multiple Retsts.
• Resistance Solidified at $ 2.90– $ 2.92, WHERE UPSIDE ATTEMPTS FAILED.
• Final Hour PullBack Saw XRP Slide 1% from $ 2.88 to $ 2.87, with A Sharp 2.1m Volume Spike at 02:20 Cappings The Rally.
Technical Analysis• Trading Range: $ 0.10 (4% volatility) Between $ 2.83– $ 2.92.
• Support: $ 2.86 Remains the Key Floor; Repeated Defense Shows Acumulation.
• Resistance: $ 2.90– $ 2.92 has cappied Rallies Across Multiple Tests.
• Indicators: RSI MID-50S = Neutral-to-Bullish Bias.
• MacD Histogram Converging Toward Bullish Crossover, Confirming Accompumulation Trend.
• Pattern: Descending Triangle Consolidation Under $ 3.00; Breakout Above $ 3.30 Could Extend Targets to $ 4.00– $ 4.50.
What Traders Are WatchingWHERE XRP CAN POST SUSTAINED CLOSES ABOVE $ 2.90 REMAINS The IMMEDIATE FOCUS. A ConfirMed Break Above this Resistance Could Open Room Toward $ 3.00– $ 3.30, While Repeated Failures May Reinforce The Celing and Invite Renewed Selling Pressure.
• The Federal Reserve’s September 17 Meeting Looms Large, With Markets Pricing Near-Certain of A 25-Basis-Point Cut. Any surprise in rate paath guidance Will Directly Affect Dollar Liquidity, Which Traders See As a Key Driver for Near-Term Crypto Flows.
• WHALE INFLOWS REMAIN CLOSELY TRACKED, WITH REPORTS OF 340 MILLION XRP Accumulated in Recent Weeks. Continued Large-Scale Buying Could Support The Consolidation Floor, While A Slowdown in Accompumulation Wound Weaken Bullish CONVICATION.
• The Sec’s October Rulings on Spot Xrp ETF Applications Are The Longer-Term Catalyst. The Approval Could Trigger Structural Inflows from Institutional Vehicles, While Delays or Rejects May Dampen Sentiment and Cap Momentum Armund the $ 3.00 Level.
Traders Will Look for Highher Highs and Higher Lows on intrady Frames, Shrinking Wicks at Highs, and Rising Participation Racher than A Single Spike that Reverses.
- Dogecoin Experienced A Controlled Rise Within A Narrow Range, With Buyers Defending the $ 0.213– $ 0.214 Area and Selers AT $ 0.220– $ 0.221.
- No Specific News Catalyst Was Identified, With Trading Dominated by Order-Flow Dynamics AROUND Key Support and Resistance Levels.
- Traders Are Watching for a Decisive Close Above $ 0.221 with Increased Volume to Confirm A Shift from Range-Bound Trading to Continuration.
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