XRP Short-Term Market Overview

In the past 24 hours (August 19, 06:00 - August 20, 05:00), XRP fell from $3.02 to $2.90, a decrease of about 4%.

The most significant drop occurred between 1 PM and 3 PM, plunging from $3.04 to $2.93 at one point.

At 2 PM, trading volume surged to 137 million, nearly double the usual amount!

Buyers repeatedly stepped in to defend the bottom around the $2.85-$2.88 price range.

In the last hour before closing, XRP stabilized around $2.89-$2.90, slightly below the psychological level of $3.

Technical Tips

Resistance Level: $3.04, where the trading volume is high and can easily pull back.

Support Level: $2.85-$2.88, which has been repeatedly verified to hold the bottom.

Consolidation Zone: $2.89-$2.90, where short-term selling pressure has weakened.

A surge in trading volume indicates that large players and institutions may be quietly positioning themselves at lower levels.

Trader Focus Points

Can $3 become a support level? Or will it continue to be suppressed?

Can the flow of institutional funds form a bottom?

Will the SEC's ruling in October trigger mid-term volatility?

The prospects for ETF approval will also impact XRP's trend. #加密市场回调 #山寨季何时到来？