4 days ago
XRP saw assertive swings earlier an abrupt halt capped the session, leaving traders to statement whether organization flows oregon method glitches drove the erratic pattern. The token moved successful a 5% scope earlier trading froze astatine the $3.00 mark.
News Background
• XRP gained arsenic overmuch arsenic 5% from $2.97 to $3.10 during the August 18–19 league earlier sliding backmost toward $3.00.
• The last 60 minutes showed dense enactment — terms moved betwixt $3.01 and $2.99 — earlier freezing wholly astatine 08:19 with zero measurement recorded.
• The abrupt halt raised speculation of method disruption oregon liquidity vacuum successful large trading venues.
• Volumes peaked astatine 3.26 cardinal successful a azygous infinitesimal (08:00–08:01), accordant with organization bid travel oregon algorithmic triggers.
Price Action Summary
• Session scope of $0.15 represented a 5% dispersed betwixt $2.95 lows and $3.10 highs.
• Early momentum pushed XRP up 4.4% to $3.10 earlier sellers capped upside.
• Consolidation dragged terms backmost toward $3.00 enactment successful the 2nd half.
• Late-session frost astatine $3.00 efficaciously ended trading, sparking trader concerns.
Technical Analysis
• Support: $3.00 intelligence level, defended aggregate times contempt volatility.
• Resistance: $3.08–$3.10 zone, wherever upside was rejected repeatedly.
• Volume surge to 3.26 cardinal signals institutional/algo information astatine cardinal inflection points.
• Zero measurement people astatine 08:19–08:20 confirms structural abnormality — either exchange-level glitch oregon liquidity drought.
• Broader pattern: $0.15 consolidation scope present defines contiguous short-term trading band.
What Traders Are Watching
• Whether the frost was a method responsibility oregon genuine liquidity disappearance — implications disagree for organization trust.
• Next trial of $3.00 support: nonaccomplishment risks a interruption toward $2.95.
• Potential breakout trigger remains astatine $3.10 — a breach would unfastened way to $3.25–$3.30.
• Whales’ positioning successful the high-volume spike volition dictate near-term sentiment.
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