Capital flows from whales to exchanges on August 31 fell to 1,025 XRP, marking one of the lowest levels for the month. By September 1, flows had slightly increased to 1,768 XRP, but the pressure remains low. This indicates that large holders continue to send less XRP to exchanges since August 26, which reduces selling pressure. Some may view this as a loss of interest from whales, but the derivatives data presents a more complex picture. The buy/sell ratio, which measures aggressive buying against selling in futures, often indicates local minima. On August 2, the ratio reached 0.88, and XRP rose from $2.76 to $3.07, which amounted to 11%. On August 5, the ratio fell to 0.90, after which there was a 12% increase. On August 19, a decrease to 0.90 preceded an increase of nearly 8%. The last minimum was recorded on August 29 at a level of 0.90. The price of XRP has not yet increased, but the ratio has risen to 0.96 since then, indicating an improvement in sentiment. The second bullish signal comes from the Money Flow Index (MFI). This indicator tracks price and trading volumes to show whether there is an inflow or outflow of funds from the asset. Although the price of XRP decreased at the end of August, the MFI steadily rose from 31.24 (22 August ) to 47.49 (1 September ). This bullish divergence between the price and the MFI often signals that traders are buying on the dip. The XRP price chart confirms this point of view. The $2.70 level remains a key support. If the price closes below, it could lead to a decline to $2.43, which would negate the recovery hypothesis. As long as XRP remains above support, bulls have a chance to change the situation. If sentiment in the derivatives market and inflows continue to grow, the next target will be resistance at $2.96. This movement could lead to an 8% increase from current levels, which would be the minimum price increase for XRP in the last month after reaching a local minimum in the buy-sell ratio.
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#Will Crypto Market Break Out in September?#
Capital flows from whales to exchanges on August 31 fell to 1,025 XRP, marking one of the lowest levels for the month. By September 1, flows had slightly increased to 1,768 XRP, but the pressure remains low. This indicates that large holders continue to send less XRP to exchanges since August 26, which reduces selling pressure.
Some may view this as a loss of interest from whales, but the derivatives data presents a more complex picture. The buy/sell ratio, which measures aggressive buying against selling in futures, often indicates local minima.
On August 2, the ratio reached 0.88, and XRP rose from $2.76 to $3.07, which amounted to 11%.
On August 5, the ratio fell to 0.90, after which there was a 12% increase.
On August 19, a decrease to 0.90 preceded an increase of nearly 8%.
The last minimum was recorded on August 29 at a level of 0.90. The price of XRP has not yet increased, but the ratio has risen to 0.96 since then, indicating an improvement in sentiment.
The second bullish signal comes from the Money Flow Index (MFI). This indicator tracks price and trading volumes to show whether there is an inflow or outflow of funds from the asset.
Although the price of XRP decreased at the end of August, the MFI steadily rose from 31.24 (22 August ) to 47.49 (1 September ). This bullish divergence between the price and the MFI often signals that traders are buying on the dip.
The XRP price chart confirms this point of view. The $2.70 level remains a key support. If the price closes below, it could lead to a decline to $2.43, which would negate the recovery hypothesis.
As long as XRP remains above support, bulls have a chance to change the situation. If sentiment in the derivatives market and inflows continue to grow, the next target will be resistance at $2.96. This movement could lead to an 8% increase from current levels, which would be the minimum price increase for XRP in the last month after reaching a local minimum in the buy-sell ratio.