Key Notes

XRP network data shows first-time transactions near a two-month low, signaling reduced inflows from fresh investors.

XRP faces a critical test near $2.80, with the largest supply cluster between $2.81–$2.82.

All eyes will be on the Fed rate cuts and macro push during September.

XRP XRP $2.84 24h volatility: 4.6% Market cap: $168.93 B Vol. 24h: $6.62 B once again faces strong selling pressure and has corrected more than 4.38% today, after losing the crucial support at $3.0. As we approach September, one of the least performing months for the crypto market, the investor sentiment is waning further. XRP price is set to close August with negative returns on the monthly chart.

XRP Price Action Ahead and On-Chain Activity

At the time of writing, XRP

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