Preview of technical analysis
XRP drops by 2% during the 24 -hour period ending on August 12, going from $ 3.19 to $ 3.14 after receiving an intraday peak of $ 3.32 at 8:00 am. This decision comes after two days of two -digit gains on regulatory clarity, with a sales pressure concentrated at 7:00 p.m. – a drop of $ 3.20 to $ 3.15 out of 73.87 million volumes.
The support is $ 3.13 after several successful tests, while the resistance accumulates $ 3.27, fixing a defined short -term beach. The final hour trade sees a rebound of $ 3.13 to $ 3.14 on late purchases, with volume tips of 3.21 m and 4.45 million interest in lowering.
New context
Ripple Labs and the Securities and Exchange Commission officially ended their legal battle for almost five years, jointly rejecting calls in the XRP case. The regulations remove a significant overhang of compliance, unlocking greater institutional participation. Daily trading volumes have jumped from 208% to 12.4 billion dollars since the announcement, with an open interest also climbing.
Despite the legal breakthrough, the broader crypto feeling remains linked to macro-factors, in particular the current international disputes and the change in expectations in matters of monetary policy.
Summary of price action
• XRP goes from $ 3.19 to $ 3.14 in August 11, 01: 00 – window 12 00:00 August
• an intrajournal peak of $ 3.32 at 08h00 meets strong resistance, triggering the sale
• 7:00 p.m. HOUR sees $ 3.20 to $ 3.15 lowering the volume by 73.87 million – the heaviest printing of the session
• Confirmed assistance at $ 3.13; resistance locked at $ 3.27
Market analysis and economic factors
The withdrawal reflects the taking natural profits after the post-establishment rally of XRP. The big holders seem to rebalance the positions while maintaining offers at $ 3.13 at $ 3.15, indicating no deterioration in the longer term feeling. Macro uncertainty continues to influence wider flows, although XRP’s regulatory clarity gives it relative insulation compared to peers.
Technical indicators analysis
• Support: $ 3.13 (multiple volume tests)
• Resistance: $ 3.27 – $ 3.32 (repeated rejection)
• Intrajournal beach: $ 0.19 (6% volatility)
• The heavy volume 19:00 suggests a coordinated institutional sale
• End of session accumulation maintains the price of more than $ 3.13
What traders look at
• rupture potential above $ 3.27 to resume momentum upwards
• Support stability of $ 3.13 on new for -profit waves
• Persistence of institutional entries.
• Macro reversion effects of the evolution of commercial and monetary policies
