XRP Rejects Resistance at $3.09, Bears Target Demand Zone at $2.96.

XRP closed on Monday under pressure, reversing previous upward movement and ending near the $3.00 level. A strong decline in the last hour of trading caused the price to drop by 1% with increased volume, indicating possible selling from large investors and stop-loss order triggers that led to the price drop.

Key Market Movements

• XRP fell 1% in the last hour, dropping from $3.03 to $2.99 as trading volume increased to 5.26 million—five times the usual hourly amount

• Selling pressure increased as the price approached $3.00, causing stop-loss sell orders between 3:43 and 3:46

• Earlier in the session, on August 18 at 5:00 PM, there was a strong buying push that lifted XRP from $2.97 to $3.10, with trading volume of 131 million, much higher than average.$XRP