2 hours ago
XRP rallied toward the $3 people successful the past session, with trading measurement spiking much than 6% supra its play baseline.
News Background
• XRP’s rally comes amid broader crypto stabilization, with altcoins tracking humble inflows aft past week’s drawdown.
• On-chain information flagged institutional-sized flows, with astir 155 cardinal successful XRP turnover during betterment periods, acold supra the 63 cardinal regular average.
• Market chatter initially suggested XRP was hitting caller highs, though the existent all-time highest remains $3.84 from January 2018 — underscoring that this is simply a betterment test, not terms discovery.
Price Action Summary
• XRP swung 5.1% betwixt $2.84 and $2.99 successful the 23-hour model from Aug. 20 13:00 to Aug. 21 12:00.
• The strongest propulsion came astir 19:00 UTC connected Aug. 20, erstwhile the token surged from $2.84 to $2.99 connected 80.6 cardinal volume.
• Subsequent sessions showed consolidation, with repeated bounces successful the $2.89–$2.93 range, confirming it arsenic interim support.
• A crisp whipsaw successful the last hr (Aug. 21 11:03–12:02) saw an 8.6% swing: from $2.916 to $2.901 connected 960,000 units, earlier stabilizing.
Technical Analysis
• Support: $2.89–$2.93 portion shows aggregate beardown bounces connected above-average participation.
• Resistance: $2.99–$3.00 intelligence ceiling caps momentum; repeated rejections visible.
• Volume: 80.65 cardinal during the rally vs. a 24-hour baseline of ~63 million.
• Pattern: Sideways consolidation pursuing bullish impulse; momentum tilting somewhat downward.
What Traders Are Watching
• Whether $2.93 enactment holds successful the abbreviated word oregon gives mode to a retest of $2.82.
• Break supra $3.00 arsenic a imaginable trigger for inclination continuation.
• Volume sustainability — if flows taper, bulls hazard losing control.
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