XRP slipped to $ 2.97 in its sharpest fall in weeks, throwing 5.4% over a 23-hour stretch like retailing selling overwhelmed order books.
The move came on rolling volumes that darkened daily average, but whale wallets absorbed quietly dipped – and scooped 440 million tokens worth $ 3.8 billion. The divergence between retail capital and institutional accumulation sets a central point around $ 3.00 mark.
News Background
• XRP fell from $ 3.14 to $ 2.97 in less than 24 hours and sent its steepest withdrawal since July.
• Whale buyers added 440 million XRP, even when retailers dumped possessions.
• A symmetrical triangle pattern is formed with a breakout target near $ 3.90 if the resistance clears.
• Wider crypto markets so correlated weakness in the midst of increasing risk-off mood.
Summary of Price Action
• XRP lost 5.41% in the 23-hour window, which ended August 18 at 1 p.m. 08.00.
• The heaviest sale came between 01: 00-03: 00, with $ 3.08 to $ 2.97 collapse of 172 million volume.
• Last hour saw the muted recovery attempt and lifted XRP from $ 2.97 to $ 2.98.
• Trade stopped in the last four minutes of the session, suggesting closure or data disorder.
Technical analysis
• Resistance is assembled to $ 3.08- $ 3.14, the zone that uncovered recovery attempts.
• Support has been switched to $ 2.96- $ 2.97 where whales absorbed supply.
• A symmetrical triangle points to $ 3.90 upward target if $ 3.26 breaks.
• Golden Cross appeared last week, but the signal has not yet triggered follow -up.
• Volatility remains increased by $ 0.18 intraday area and 163% spikes in volume versus average.
Which dealers are looking at
• Whether whales continue to absorb dips near $ 3.00 support.
• Breakout or rejection of $ 3.08- $ 3.14 Resistance Zone.
• The effect of stopped trade in the last minutes – market failure or structural weakness.
• Continuation of wider market sales or stabilization.
• Confirmation of the triangle’s outbreak against $ 3.90 or collapse of below $ 2.96.
