XRP recently fell 4.3% from $3.02 to $2.89 due to broader market weakness but showed signs of recovery as key support levels were established around $2.85 to $2.86. Despite a drop in retail exposure, Korean exchanges absorbed 16 million XRP, indicating strong institutional demand. Technical indicators suggest a potential bounce back, with significant resistance observed at $3.02 and key support at $2.77. The recovery momentum is supported by a rising RSI and a tightening MACD histogram. Analysts identify bullish patterns such as symmetrical triangles that could drive XRP towards targets between $5 and $13 if momentum holds, especially with upcoming events like the Sept. 12 Decentralized Media launch. Investors are advised to watch support levels closely and remain aware of institutional accumulation trends from Korean exchanges to anticipate market movements moving into September.

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