CME Group recently said that his Crypto future suite exceeded $ 30 billion in open open interest for the first time, with XRP futures who crossed $ 1 billion in just over three months, the fastest pace for a new contract.
The broader cryptographic feeling improved after Jackson Hole’s comments from Jerome Powell by Jerome Powell, which increased the expectations that policy formation decreases at the end of this year.
XRP continues to trade in the shadow of American regulatory uncertainty, even when corporate treasure bonds explore cross -border payment pilots with Ripple technology.
Summary of the price action
From August 26 at 03:00 to August 27 at 02:00, XRP won 3.60%, increasing from $ 2.89 to $ 2.99 within an intra -trial band of $ 0.20.
The most acute movement occurred at 7:00 p.m. GMT on August 26, when XRP perforated $ 3.08 in an extraordinary volume of 167.60 million before rejecting that level.
In the final time (01: 21–02: 20 GMT on August 27), XRP ranged inside a $ 0.13 corridor, consolidating profits while staying stable near the $ 2.99– $ 3.00 area.
Technical analysis
Support: $ 2.89 remains the key base after multiple successful reestimations; $ 2.99 Now acting as a psychological floor.
Endurance: $ 3.06– $ 3.08 is the short -term roof, reinforced by the strong rejection in a high volume at $ 3.08.
Impulse: RSI recovered from an overendon 42 in the mid -50, which suggests strengthening the short -term trend.
Volume: 167.60 million tokens changed hands during the $ 3.08 test, more than double the average of 30 days, a clear sign of institutional participation.
Patterns: The double flag structures of bull and recoil stand out potential potential, with technicians who consider $ 5.85 as a long -term rupture objective.
Compression: The decreasing peaks around $ 3.01– $ 3.00 in late trade indicate a rolling configuration before a directional movement.
What merchants are seeing
If $ 2.99– $ 3.00 can be maintained as solid psychological support.
A confirmed break above $ 3.08 potentially opens an execution at $ 3.20 and more.
The downward risks remain if $ 2.84 are violated, with $ 2.80 as the next key level.
In the growth of open interest and institutional flows will be closely monitored to confirm the sustained impulse.
