Share this article
XRP Rejects $3.09 Resistance, Bears Target $2.96 Demand Zone
A bullish breakout during the 17:00 trading hour on August 18 pushed prices from $2.97 to $3.10, supported by heavy volume of 131 million—double the 24-hour average of 66.8 million.
Updated Aug 19, 2025, 5:26 a.m. Published Aug 19, 2025, 5:25 a.m.
What to know:
- XRP ended Monday's session near the $3.00 mark after a sharp selloff in the final trading hour, indicating institutional distribution.
- The token experienced nearly 4% intraday volatility, with a bullish surge pushing prices to $3.10 before momentum faded.
- Key resistance at $3.09 and support at $3.00 highlight potential for either a retest of higher levels or a deeper correction.
XRP closed Monday’s session under pressure, reversing an earlier rally and ending near the $3.00 threshold. A sharp selloff in the final trading hour saw the asset dip 1% on surging volume, suggesting institutional distribution and stop-loss liquidations driving price action.
Technical Analysis Shows Mixed Signals
XRP traded within a $0.11 range between $2.94 and $3.10 across the 24-hour session from August 18 05:00 to August 19 04:00, representing nearly 4% intraday volatility. A bullish breakout during the 17:00 trading hour on August 18 pushed prices from $2.97 to $3.10, supported by heavy volume of 131 million—double the 24-hour average of 66.8 million. This established short-term support near $3.00.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Momentum faded quickly, however. The token rejected multiple times at $3.09, sliding into consolidation around $2.99. An aggressive pullback unfolded during the 03:00 hour on August 19, when XRP dropped from $3.04 to $2.99.
Key Market Movements
• XRP declined 1% in the final 60 minutes, sliding from $3.03 to $2.99 as volumes spiked to 5.26 million—five times the hourly average
• Distribution pressure accelerated around the $3.00 psychological threshold, triggering stop-loss liquidations during the 03:43–03:46 interval
• A bullish surge earlier in the session (August 18 17:00) lifted XRP from $2.97 to $3.10 on 131 million volume, far above average activity
Market Dynamics Drive Sharp Reversal
The late-session breakdown confirmed institutional selling near $3.00, erasing the earlier breakout’s momentum. While $2.99 provided intraday stabilization, the volume-backed rejection at $3.09 highlights growing resistance pressure.
XRP now sits at a crossroads: holding above $2.99 could allow bulls to retest the $3.08–$3.09 cluster, while failure risks a deeper correction toward the $2.96 demand zone.
Technical Indicators Summary
• Range: $0.11 (3.8%) between $3.10 peak and $2.94 trough
• Resistance: $3.09, rejected repeatedly through evening sessions
• Support: $3.00 psychological level, tested under high-volume distribution
• Risk: Breakdown toward $2.96 demand zone if $2.99 fails
• Signal: Bullish triangle structure intact, but momentum fading under profit-taking
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Markets Today: Bitcoin Slips Back Toward Danger Zone Ahead of Fed Decision
Bitcoin surrendered gains from earlier in the week, fell back toward $90,000 as traders braced for Wednesday’s Federal Reserve rate decision.
What to know:
- A 25 basis-point interest-rate cut has been priced in for weeks, and risk assets could drop on the news if no fresh catalysts emerge.
- Tokens like HYPE, STRK, QNT and KAS fell 6%–9% in 24 hours
- CoinMarketCap’s altcoin-season index sits at a cycle low of 18/100.
- Bitcoin is down 20% over 90 days and more than half of the top-100 tokens have fallen at least 40%. FET and TIA are among the worst performers while ZEC, DASH, BNB and BCH stand out as rare stabilizers.
Top Stories
