XRP closed Monday’s session under pressure, turned a former rally and ended near the $ 3.00 threshold. A sharp sale in the final trade hour so that the asset dips 1% on rolling volume, suggesting institutional distribution and stop-Loss liquidation that operates price action.
Technical analysis shows mixed signals
The XRP traded within a range of $ 0.11 between $ 2.94 and $ 3.10 across the 24-hour session from August 18, 05:00 to 19 August 04:00, which represents almost 4% intraday valley. A Bullish Breakout during the 17th trade time on August 18 pushed prices from $ 2.97 to $ 3.10, supported by a large volume of 131 million-double the 24-hour average of 66.8 million. This established short -lived support near $ 3.00.
However, Momentum faded quickly. The token rejected several times at $ 3.09 and slid into consolidation around $ 2.99. An aggressive withdrawal unfolded within 03:00 hours on August 19, when the XRP fell from $ 3.04 to $ 2.99.
Key Market Movement
• XRP dropped 1% in the last 60 minutes and slid from $ 3.03 to $ 2.99 as the quantities were spiked to 5.26 million – five times hourly average
• Distribution pressure accelerated about $ 3.00 psychological threshold, triggering stop-LOSS Liquidations below 03: 43-03: 46 interval
• A Bullish wave earlier in the session (August 18, 17:00)) raised XRP from $ 2.97 to $ 3.10 of 131 million volume, well above average activity
Market dynamics drives sharp reversing
The interruption of the session confirmed the institutional that sold almost $ 3.00 and deletes the former breakout’s momentum. While $ 2.99 gave intradag stabilization, it highlights the volume -supported rejection to $ 3.09 growing resistance pressure.
XRP is now sitting at a crossroads: Keeping over $ 2.99 can allow bulls to re -test $ 3.08- $ 3.09 cluster, while failure risks a deeper correction toward the $ 2.96 demand zone.
Technical indicators Summary
• Area: $ 0.11 (3.8%) between $ 3.10 top and $ 2.94 trough
• Resistance: $ 3.09, rejected repeatedly through evening sessions
• Support: $ 3.00 Psychological Level, Tested During High Volume Distribution
• Risk: Collapse against $ 2.96 Demand Zone if $ 2.99 Fail
• Signal: Bullish Triangle Structure Intact, but Momentum Fades under Profit
