What to know
XRP fell 10.14% in the 24 -hour session from July 23 at 12:00 to July 24 at 11:00, decreasing from $ 3.45 to $ 3.10. The sale of the sale accelerated between 13: 00–21: 00 on July 23, violating the support of $ 3.20 and forming a new resistance to $ 3.23– $ 3.25. At the beginning of July 24, the Token printed a minimum of $ 2.96 before organizing a strong rebound.
Commercial volumes exceeded 175 million during the session, well above the daily average, indicating institutional accumulation as prices submerge in survey territory. A series of higher minimums, along with a closure above $ 3.10, indicates early signs of a possible bullish investment.
News history
• XRP fell 10% of $ 3.45 to $ 3.10 during the 24 -hour session ending July 24 at 11:00 GMT
• The price touched $ 2.96 before recovering in an upward channel with higher minimums
• The final time saw a recovery of $ 3.10 to $ 3.11 with 5.6 million volume, the highest in the session
• Analysts indicate recovery behavior as an institutional purchase sign at oversized levels
Summary of the price action
The XRP recovery began after 06:00 GMT on July 24. An upward break between 10: 46–10: 48 the prices exceeded from $ 3.0 to $ 3.09 in volume higher than the average, followed by a continuation rally at $ 3.11 in the last minutes of the session. The structure of this rebound, particularly the consistent formation of minimums higher than $ 2.96 to $ 3.09, suggests a change in the impulse after prolonged reduction.
The $ 3.06– $ 3.07 area was tested several times during the window 10: 31-10: 37, with 4.6 million in transaction volume confirming the demand at these levels. A strong final increase in the closure confirmed $ 3.10 as a recovered support.
Technical analysis
• The high/low 24 -hour range covered $ 0.49 between $ 3.45 and $ 2.96
• Recovery led by ascending minimums: $ 2.96 → $ 3.06 → $ 3.09 → $ 3.11
• Resistance now defined to $ 3.23– $ 3.25; Breakout above $ 3.15 would confirm the investment
• Volume of 5.6 million to 11: 08–11: 10 strongest points of the session session
• $ 3.10 restored as support after the final bouncing of 60 minutes
What merchants are seeing
• If XRP can recover and maintain levels higher than $ 3.15 in the next sessions
• Impulse confirmation by means of a break of $ 3.23– $ 3.25 resistance corridor
• Other institutional accumulation signs in the range of $ 3.00– $ 3.10
• Reaction to the broader feeling of the market and possible regulatory holders in the United States
