In the past 24 hours (from August 14, 03:00 to August 15, 02:00), #xrp dropped from $3.34 to $3.10, a decline of about 7.2%, with a fluctuation range of $0.29 and a volatility of about 8.7%. The largest drop occurred at noon at 12:00, where the price fell sharply from $3.22 to $3.09 under heavy trading, which was quite alarming.

Selling pressure weakened, support became clear.

After the decline, XRP entered a narrow fluctuation range between $3.05 and $3.13, indicating that the selling momentum began to weaken, and the market gradually stabilized. In the closing phase, the price rebounded from $3.09 to $3.10, successfully breaking through the current resistance level, which is a positive signal for bulls.

Technical observation

Support level: $3.05 to $3.09, which has been tested multiple times, indicating a relatively solid bottom.

Resistance level: the main resistance is at $3.13, and the secondary resistance is at $3.20.

After a rapid decline in price during the midday session, trading volume decreased, indicating that the market's selling pressure has been fully digested. In the last 60 minutes, trading volume significantly increased twice—reaching 4.53 million and 3.76 million—showing that institutional investors are very attentive to the support level. A price rebound above $3.10 under low liquidity conditions may also indicate that the market is undergoing an early stage of re-accumulation, preparing for the next round of upward movement.