XRP so aggressive swings before a suddenly stopped the session, leaving dealers to discuss whether institutional currents or technical errors ran the erratic pattern. The token moved in a 5% area before trading in froze at $ 3.00 mark.
News Background
• XRP rose as much as 5% from $ 2.97 to $ 3.10 during the session 18 to 19 August before he slipped back against $ 3.00.
• The last 60 minutes showed heavy activity – Price moved between $ 3.01 and $ 2.99 – before freezing at noon. 08:19 with zero volume registered.
• The sudden stop raised speculation about technical disturbance or liquidity vacuum in major trading sites.
• Quantities peaked with 3.26 million in a single minute (08: 00–08: 01), in accordance with institutional order stream or algorithmic triggers.
Summary of Price Action
• Session area of $ 0.15 represented a 5% spread between $ 2.95 low and $ 3.10 heights.
• Early momentum pushed XRP up 4.4% to $ 3.10 before sellers were upside down.
• Consolidation withdrew the price against $ 3.00 support in the second half.
• Freeze late in session for $ 3.00 ended effectively with trade, as shown in traders.
Technical analysis
• Support: $ 3.00 Psychological level, defense several times despite volatility.
• Resistance: $ 3.08- $ 3.10 zone where the upside was rejected repeatedly.
• Volume wave for 3.26 million signals institutional/algo participation at key bending points.
• Zero volume print at. 08: 19–08: 20 confirms structural abnormality-one exchange level failure or liquidity.
• The wider pattern: $ 0.15 Consolidation area now defines immediate short -term trading tapes.
Which dealers are looking at
• Whether the freezer was a technical error or genuine liquidity thread – implications are different for institutional trust.
• Next test of $ 3.00 Support: Error risks a break against $ 2.95.
• Potential Breakout -Trigger remains at $ 3.10 – a violation would open the path to $ 3.25- $ 3.30.
• The location of the whales at the tip with high volume dictates the short -term mood.
