Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
XRP Spikes, Then Stalls, as Traders Face Decisive $3 Mark

XRP Spikes, Then Stalls, as Traders Face Decisive $3 Mark

CryptoNewsNetCryptoNewsNet2025/08/19 14:06
By:coindesk.com

XRP saw aggressive swings before an abrupt halt capped the session, leaving traders to debate whether institutional flows or technical glitches drove the erratic pattern. The token moved in a 5% range before trading froze at the $3.00 mark.

News Background

• XRP gained as much as 5% from $2.97 to $3.10 during the August 18–19 session before sliding back toward $3.00.
• The final 60 minutes showed heavy activity — price moved between $3.01 and $2.99 — before freezing completely at 08:19 with zero volume recorded.
• The abrupt halt raised speculation of technical disruption or liquidity vacuum in major trading venues.
• Volumes peaked at 3.26 million in a single minute (08:00–08:01), consistent with institutional order flow or algorithmic triggers.

Price Action Summary

• Session range of $0.15 represented a 5% spread between $2.95 lows and $3.10 highs.
• Early momentum pushed XRP up 4.4% to $3.10 before sellers capped upside.
• Consolidation dragged price back toward $3.00 support in the second half.
• Late-session freeze at $3.00 effectively ended trading, sparking trader concerns.

Technical Analysis

• Support: $3.00 psychological level, defended multiple times despite volatility.
• Resistance: $3.08–$3.10 zone, where upside was rejected repeatedly.
• Volume surge to 3.26 million signals institutional/algo participation at key inflection points.
• Zero volume print at 08:19–08:20 confirms structural abnormality — either exchange-level glitch or liquidity drought.
• Broader pattern: $0.15 consolidation range now defines immediate short-term trading band.

What Traders Are Watching

• Whether the freeze was a technical fault or genuine liquidity disappearance — implications differ for institutional trust.
• Next test of $3.00 support: failure risks a break toward $2.95.
• Potential breakout trigger remains at $3.10 — a breach would open path to $3.25–$3.30.
• Whales’ positioning in the high-volume spike will dictate near-term sentiment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!