Golden Cross Signal Fades as XRP Slumps Below $3

XRP slid to $2.97 successful its sharpest diminution successful weeks, shedding 5.4% implicit a 23-hour agelong arsenic retail selling overwhelmed bid books.
The determination came connected surging volumes that eclipsed regular averages, but whale wallets softly absorbed the dip — scooping 440 cardinal tokens worthy $3.8 billion. The divergence betwixt retail capitulation and organization accumulation sets up a pivotal constituent astir the $3.00 mark.

News Background

• XRP fell from $3.14 to $2.97 successful nether 24 hours, posting its steepest pullback since July.
• Whale buyers added 440 cardinal XRP adjacent arsenic retail traders dumped holdings.
• A symmetrical triangle signifier has formed, with a breakout people adjacent $3.90 if absorption clears.
• Broader crypto markets saw correlated weakness amid rising risk-off sentiment.

Price Action Summary

• XRP mislaid 5.41% successful the 23-hour model ending August 18 astatine 08:00.
• The heaviest selling came betwixt 01:00–03:00, with $3.08 to $2.97 illness connected 172 cardinal volume.
• Final hr saw muted betterment attempt, lifting XRP from $2.97 to $2.98.
• Trading halted successful the past 4 minutes of the session, suggesting closure oregon information disruption.

Technical Analysis

• Resistance is clustered astatine $3.08–$3.14, the portion that capped betterment attempts.
• Support has shifted to $2.96–$2.97, wherever whales absorbed supply.
• A symmetrical triangle points to $3.90 upside people if $3.26 breaks.
• Golden transverse emerged past week, but the awesome has yet to trigger follow-through.
• Volatility remains elevated, with $0.18 intraday scope and 163% spike successful measurement versus averages.

What Traders Are Watching

• Whether whales proceed absorbing dips adjacent $3.00 support.
• Breakout oregon rejection astatine $3.08–$3.14 absorption zone.
• Impact of halted trading successful last minutes — marketplace glitch oregon structural weakness.
• Continuation of broader marketplace selloff oregon stabilization.
• Confirmation of the triangle breakout toward $3.90 oregon breakdown beneath $2.96.