XRP Volatility Widens as Price Holds $2.77 Support. What Next?

Token trades between $2.70–$2.84 in Aug. 31–Sept. 1 window, with whale accumulation countering heavy resistance at $2.82–$2.84. NEWS BACKGROUND * XRP fell from $2.80 to $2.70 during late Aug. 31–early Sept. 1 before rebounding to $2.82 on heavy volumes. * Whales accumulated 340M XRP over two weeks, a signal of institutional conviction despite short-term bearish pressure. * On-chain activity spiked with 164M tokens traded during the Sept. 1 morning rebound, more than double session averages. * September remains a historically weak month for crypto, but whale accumulation is viewed as a counterbalance to retail liquidation flows. PRICE ACTION SUMMARY * Trading range spanned $0.14 (≈4.9%) between $2.70 low and $2.84 high. * The steepest decline came at 23:00 GMT on Aug. 31, as price slid from $2.80 to $2.77 on 76.87M volume, nearly 3x daily averages. * At 07:00 GMT Sept. 1, bullish flows drove a rebound from $2.73 to $2.82 on 164M volume, cementing $2.70–$2.73 as near-term support. * Final hour consolidation (10:20–11:19 GMT) saw price slip 0.71% from $2.81 to $2.79, with heavy selling between 10:31–10:39 on 3.3M…