XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly establish a September rate cut on the desk on Friday, inflicting bitcoin BTC$115,244.11 and major tokens to transfer elevated.
470 million token selloff drove volume spikes and heavy resistance at $2.92, whereas ETF delays and broken-down security rankings compound bearish rigidity.
News Background
• Institutional liquidations dominated trading as 470 million XRP were offloaded all the method thru major exchanges true thru the Aug. 21–22 window, triggering a inviting selloff.
• On-chain settlement volumes surged 500% to 844 million tokens on Aug. 18, without a doubt a few of the greatest spikes this 365 days, signaling adoption growth no topic market weak point.
• The SEC postponed rulings on XRP ETF functions, alongside with Nasdaq’s CoinShares submitting, now anticipated in October. The prolong adds to regulatory uncertainty.
• A security evaluate placed XRPL at the bottom rating among 15 blockchains, elevating issues about network robustness and alongside with to bearish sentiment.
Model Action Abstract
• XRP declined 3.1% in the 24-hour session from Aug. 21 13:00 to Aug. 22 12:00, falling from $2.89 to $2.80.
• The token ranged $0.12, a 4.25% volatility band, between a $2.92 peak and $2.80 trough.
• The sharpest transfer occurred at 19:00 on Aug. 21, when XRP was once rejected at $2.92 on 69.1M volume, confirming major resistance.
• Final hour trading (Aug. 22 11:24–12:23) saw XRP drop 2.5% from $2.82 to $2.80 on surging volume of 7.2M, confirming bearish continuation.
• Strengthen emerged advance $2.80–$2.85, however accumulation hobby weakened with every retest.
Technical Indicators
• Resistance hardened at $2.92 on 69.1M volume rejection.
• Strengthen identified at $2.80–$2.85 zone, even supposing weakening on repeated assessments.
• Volume spiked to 96M at 11:00 Aug. 22, confirming bearish note-thru.
• Procuring and selling fluctuate of $0.12 (4.25%) highlights volatility concentration.
• Final hour selloff of 2.5% with 7.2M volume validated bearish continuation.
What Merchants Are Staring at
• Whether $2.80 can withhold as strengthen; a spoil dangers acceleration against $2.75.
• ETF-connected headlines, with October choices key to broader institutional flows.
• Whale accumulation patterns — on-chain adoption rising, however price failing to exclaim fundamentals.
• $2.92–$3.00 resistance zone as breakout role off for bullish reversal.
