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XRP is trading in a delicate zone as September begins, with its price consolidating below the $3 mark after several failed attempts to break higher.
While recent declines have unsettled some traders, broader data points to resilience within the network and a potential setup for a decisive breakout later in the month.
Both technical and on-chain indicators are converging to suggest that XRP could be preparing for its next major move.
Support levels hold as market steadies
At the time of writing, XRP was changing hands around $2.8, a price level that has served as a key floor in recent sessions.
The $2.77 zone has repeatedly acted as strong support, and analysts warn that losing it could open the door to $2.60 and even $2.40 in a more bearish scenario.
On the upside, resistance remains clear at $3, with further hurdles at $3.20 and $3.30.
Market analyst Austin Hilton, in a video shared on X, has highlighted $2.80, $2.50, and $2.00 as important levels to watch through September.
Hilton argues that a dip to any of these zones should not be mistaken for weakness, but instead seen as buying opportunities for long-term investors.
His view reflects a broader trend in which traders are choosing to accumulate rather than exit positions during market pullbacks.
Key XRP info you need to know! Critical XRP levels you need to watch / know about!
Whale wallets show strong conviction
Beyond technical levels, whale activity has become a central theme in XRP’s September outlook.
Over the past two weeks, large wallets have accumulated more than 340 million tokens, bringing their combined holdings to nearly 7.84 billion XRP.
Whales have bought 340 million $XRP in the last two weeks!
Data shows that wallets holding between 10 million and 100 million XRP are consistently adding to their positions, even as retail traders appear hesitant.
This accumulation is notable because it has coincided with a sharp drop in derivatives open interest.
Leverage-driven positions have cooled, yet XRP’s price has held steady near $2.8. This suggests genuine spot demand is underpinning current prices, creating conditions for a more sustainable upward push once momentum returns.
Network growth adds to bullish case
XRP’s blockchain activity is also strengthening. Transactions on the XRP Ledger have increased steadily in recent months, averaging around 90 per block each day.
In addition, the number of new wallets has surged, with August seeing more than 7,000 new wallets created daily at peak. Even on quieter days, new wallet creation remained above 4,000.
This steady growth in users and transactions highlights XRP’s use beyond speculation.
Investors see this as evidence of functional adoption for payments and liquidity transfers, a factor that strengthens confidence during periods of price consolidation.
The expanding base of active participants helps reinforce the asset’s resilience, even when short-term market sentiment appears fragile.
Consolidation sets the stage
XRP’s price movement since late August reflects a period of consolidation rather than a breakdown.
After losing the $3 level on August 28, the token slipped back into a range it has been trading in since early 2025.
Popular analyst Egrag Crypto points out that XRP remains above the lower boundary of a key consolidation zone. He argues that as long as it holds above $2.80, the setup for a rebound remains intact.
Looking further ahead, Egrag Crypto identifies $3.50 as the decisive barrier. A close above this level on a two-week chart could unlock long-term targets as high as $7, $11, and even $27, based on historical trendlines stretching back nearly a decade.
#XRP – Consolidation Before The Next BIG MOVE:
While the timeline is uncertain, Egrag suggests that late September could be the period when this breakout attempt begins.
However, Ali Martinez maintains that XRP must hold above $2.77 to avoid a retracement to $2.40.
The post XRP price outlook for September: on-chain data shows potential for a breakout appeared first on Invezz
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