XRP Prepares for Breakout

🔵XRP is consolidating within the $2.77–$2.83 range, holding key support while trading inside a descending triangle. Buying pressure is strengthening as net inflows resume: according to Coinglass, on September 4, spot exchanges recorded $8.41 million in inflows, signaling renewed trader interest.

🔵Analysts compare the current setup to XRP’s rally in 2021: a breakout above $2.95 could open the way to $3.20–$3.35, with the potential to target $4.00. However, without stronger liquidity and consistent inflows, the market risks remaining in consolidation. The $2.95 level is seen as critical in determining the next major move.