XRP slipped to $ 2.97 at its stronger decrease in weeks, throwing 5.4% in a 23 -hour stretch as a retail sale that sells overwhelmed books.
The movement occurred in volumes that eclipsed the daily averages, but the whales whales silently absorbed the fall, obtaining 440 million tokens worth $ 3.8 billion. The divergence between retail capitulation and institutional accumulation establishes a fundamental point around the $ 3.00 brand.
News history
• XRP fell from $ 3.14 to $ 2.97 in less than 24 hours, publishing its most steep setback since July.
• Whale buyers added 440 million XRP even when retail merchants showed holdings.
• A symmetrical triangle pattern has been formed, with a rupture objective about $ 3.90 if the resistance is erased.
• The broader cryptographic markets saw a correlated weakness in the middle of the increase in risk.
Summary of the price action
• XRP lost 5.41% in the 23 -hour window ended on August 18 at 08:00.
• The heaviest sale came between 01: 00–03: 00, with a collapse of $ 3.08 to $ 2.97 in a volume of 172 million.
• The final time saw an attempt to recolored recovery, raising XRP of $ 2.97 to $ 2.98.
• The trade stopped in the last four minutes of the session, which suggests the closure or interruption of the data.
Technical analysis
• The resistance is grouped to $ 3.08– $ 3.14, the area that limited the recovery attempts.
• The support has changed to $ 2.96– $ 2.97, where whales absorbed the supply.
• A symmetric triangle points to an upward target of $ 3.90 if $ 3.26 is broken.
• Golden Cross emerged last week, but the signal has not yet triggered tracking.
• Volatility remains elevated, with an intradic range of $ 0.18 and a 163% increase in volume versus averages.
What merchants are seeing
• If the whales continue to absorb the sauces about $ 3.00 of support.
• Breakout or rejection of $ 3.08– $ 3.14 Resistance zone.
• Impact of trade arrested in the final minutes: market failures or structural weakness.
• Continuation of a broader sale or stabilization of the market.
• Confirmation of the triangle rupture to $ 3.90 or a breakdown below $ 2.96.
