News history
- XRP extended its progress from the end of August, climbing almost 9% in the week while loudly quotes around the psychological level of $ 3.00.
- Gemini launched a mastercard XRP-Rewards with Webbank, offering up to 4% refund in XRP. The launch pushed Gemini ahead of Coinbase in the US -UU applications classification.
- Institutional flows in products linked to XRP reached an estimated $ 25 million per day, adding depth to the market context.
- Analysts continue to monitor rupture configurations, with long -term technical objectives cited about $ 27 if the current compression phase is resolved up.
Summary of the price action
- Throughout the 24 -hour session that ended on August 27 at 04:00 GMT, XRP quoted in a $ 0.09 band between $ 2.95 and $ 3.05, closing to $ 2.98 for an intradic decrease of 1.3%.
- The heaviest activity occurred at 20:00 GMT, when the volumes increased to 273.15 million, more than 4 times the daily average of 62.47 million, since XRP briefly touched $ 3.05 before sellers limit the movement.
- In the final time (03: 04–04: 03 GMT), XRP was consolidated within a range of $ 0.11 of $ 2.97– $ 3.08, with repeated tests of $ 2,975 of firm support support.
- Volume peaks of 1.31ma 03:59 and 1.19th 03:07 GMT coincided with short -term manifestations towards the resistance of $ 2.99.
Technical analysis
- Support: $ 2,975– $ 2.98 is still the key psychological floor after multiple successful defenses.
- Endurance: $ 3.02– $ 3.04 continues to limit the upward attempts in a strong sales pressure.
- Impulse: RSI stable in the mid -50s reflects a neutral bias; The MACD histogram converges towards a possible bullish crossing.
- Volume: 273M The maximum billing underlines the institutional presence, but also highlights a strong outcome of resistance.
- Patterns: The consolidation ongoing about $ 3.00 suggests a base construction phase, with continuous potential if it resists $ 3.04.
What merchants are seeing
- The bulls target $ 3.20 if the resistance band of $ 3.02– $ 3.04 is erased.
- The bears highlight $ 2.96 as the first downward trigger, with $ 2.94 as the next level below.
- Market desks are observing whether Gemini’s MasterCard’s launch drives incremental retaile flows to XRP.
- Institutional tickets above $ 25 million daily remain critical of maintaining the impulse.
