XRP slides through key levels in a high volume sale before stabilizing in important support, with regulatory clarity now instead after the SEC settlement.
General description of the technical analysis
XRP falls 5% in the 24 -hour period ending on August 9, falling from $ 3.34 to $ 3.20 before recovering at $ 3.30. The movement covers a range of $ 0.17, marking 5.24% volatility.
The sales pressure reaches its maximum point between 14: 00-15: 00, when the price collapses from $ 3.36 to $ 3.20 in a volume of 209.67 million, the printing of a single hour larger in the session.
Buyers defend the $ 3.20 zone, which causes a rebound at $ 3.33 at 19:00. The resistance is formed at $ 3.31- $ 3.33, with blocked support at $ 3.20.
News history
The Bag and Securities Commission and Ripple Labs have officially completed its five -year legal battle, jointly dismissing their appeals in the XRP case. The Court of Appeals of the Second Circuit recognized the presentation, with both parties with their own costs.
“After the vote of the commission today, the SEC and Ripple were formally presented directly to the second circuit to dismiss their appeals,” said Ripple’s legal director, Stuart Alderoty, in X.
Summary of the price action
• XRP falls from $ 3.34 to $ 3.20 between August 8, 14: 00-15: 00 in a high volume sale, printing 209.67 million negotiated tokens
• Buyers defend the support of $ 3.20, which caused a recovery at $ 3.33 at 19:00
• Resistance accumulates at $ 3.31- $ 3.33 as rise impulse
Analysis of technical indicators
• $ 3.20 confirmed as key support with volume validation at 209.67 million
• Resistance established at $ 3.31- $ 3.33 during the recovery phase
• Structure of the bull flag that is formed above $ 3.28, which suggests a continuous upward potential if $ 3.33 is broken
• Spike volume at 1.86 million at 01:52 indicates directed accumulation attempts
• 5.24% of the outstanding intradic volatility
What merchants are seeing
• If $ 3.20 remains in the next reestima amid a continuous institutional positioning
• Confirmation of rupture above $ 3.33 to indicate the end of the earnings phase
• Purchase of monitoring linked to regulatory clarity after the establishment
• Flows related to the ETF of the SBI presentation of Japan and the possible spill in the US markets
