“Token Retreats from $ 3.02 Resistance in a volatile august 28–29 session as distribution pressure Meets Fresh Accumulation AT $ 2.85– $ 2.86 Support.”, – WRITE: www.coindesk.com
Token Retreats from $ 3.02 Resistance in a volatile august 28–29 session as distribution pressure Meets Fresh Accumulation AT $ 2.85– $ 2.86 Support.Updated Aug 29, 2025, 5:16 pm PUBLISHED AUG 29, 2025, 2:47 PM
(Coindesk Data)
What to Know:
- Xrp Trades Under Regulatory Uncertainty As the Market Anticipates Sec Decisions on Crypto Etfs.
- Active Xrp Ledger Addresses Increased by 20% AHEAD OF THE SEPTEMBER 12 DECENTRALIZED MEDIA LAUNCH.
- Linklogis’ Integration with The XRP Ledger Boosted It 23%, Indicating Rising Institutional Interest.
News Background
- XRP Continues to Trade Under Regulatory Uncertainty As Markets await Key Sec Decisions on Spot Crypto etfs in September.
- ACTIVE MARP LEDGER ADDRESS ROSE 20% Over Three Days, Signaling Renewed Network Engagemen Ahead of the Planned September 12 Decentralized Media Launch.
- Chinese Fintech Firm Linklogis Integrated ITS Trillion-Dollar Supple -chain Finance Platform with The XRP Ledger, Sending ITS EQUITY 23% Highher and Adding to SIGNS OF INSTITATIONAL INTERITAL.
- WHALE ACTIVITY REMAINS ELEVATED: 900 Million Doge Worth $ 200 Million Moved to Binance Earlier This Week, Highlighting Ongoing Large-Holder Repositioning Across Memocoins.
Price Action Summary
- XRP Declined 4.30% During the 24-HOUR PERIOD from August 28 at 13:00 to August 29 at 12:00, Droping from $ 3.02 to $ 2.89.
- The Token Traded in A $ 0.17 Band (5.75% of Session Peak), Sliding Sharply From $ 3.02 to $ 2.84 Durying The Initial Sell-Off At 15:00 GMT on Aug. 28.
- Accumulation Interest Surfaced AROUND $ 2.85– $ 2.86, With Volumes Above the 75.9 Million Daily Average During the 07: 00–09: 00 GMT Recovery Phase.
- In the Final Hour (11: 56–12: 55 GMT on Aug. 29), XRP Rebounded from $ 2.87 to $ 2.89, Briefly Touching $ 2.91 at 12:31 on A 19.6 Million Surge.
Technical Analysis
- Support: Strong Base Forming AT $ 2.85– $ 2.86; Intraday Stability AT $ 2.88 Underscores Acumulation.
- Resistance: Selling Pressure Remains at $ 3.02, With $ 2.91 Acting As A Near-Term Ceiling After The Bounnce.
- Momentum: RSI STEADY IN THE MID-50S AFTER A DIP TO 42, REFLECTING NEUTRAL-TO-IMPROVING MOMENTUM.
- Macd: Histogram is Converging Toward A Bullish Crossover, Suggesting Potential Upside Follow-Thugh.
- Patterns: Bearish Tradery from $ 3.02 Capped Rallies, But A Cup-and-Handle Setup Remains on Watch with Technical Targets in the $ 5– $ 13 Zone if momentum extends.
- Volume: 273m Tokens Traded Durying Peak Session Activity; 19.6M Surge at 12:30 GMT ConfirMed Institutional Buying AT $ 2.88– $ 2.91.
What Traders Are Watching
- Ability to Defend $ 2.85– $ 2.88 Support As the Foundation for Further Recovery.
- Break Above $ 3.02 Resistance Could Open A Path Toward $ 3.20 In The Near Term.
- Bearish Scenario Points to $ 2.80 IF $ 2.85 Fails.
- Network Growth (20% Jump in Active Addresses) and Linklogis’ Integration with Xrpl As Fundamental TailWinds.
- Monitoring Whather Institutional Accompumulation Offsets Whale-Driven Distribution in Coming Sessions.
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