XRP Breaks $2.80 as Bearish September Begins, Oversold Signals Suggest Recovery Ahead

NEWS BACKGROUND * XRP declined 4% from $2.85 to $2.75 in the 24-hour session ending Sept. 1 at 02:00, moving across a $0.12 (4%) range. * Market turbulence was amplified by institutional liquidation flows totaling $1.9B since July, prompting fears of cyclical exhaustion. * In contrast, whales accumulated 340M XRP over the past two weeks, highlighting contradictory behavior between large holders and short-term liquidators. * September seasonality and ongoing regulatory pressure in the U.S. add to caution: crypto markets have historically underperformed in September, while unresolved SEC actions keep institutions wary. * On-chain data shows activity on the XRP Ledger trending higher, with symmetrical-triangle formations reminiscent of 2017 pre-breakout conditions. Liquidity maps suggest concentrations up to $4.00 that could amplify any upside move. PRICE ACTION SUMMARY * The sharpest decline came at 23:00 GMT on Aug. 31, when XRP dropped from $2.80 to $2.77 on 76.87M volume, nearly triple the daily average of 27.3M. * Support was tested again during the final hour (01:31–02:30 GMT, Sept. 1) as price fell from $2.77 to $2.75, with spikes of 10M+ tokens per…