“Institutional Liquidations Dominated Trading as 470 Million Xrp Were Offloaded Across Majoor Exchanges Durying The Aug. 21–22 Window, Triggering A Sharp Selloff.”, – WRITE: www.coindesk.com
(Coindesk Data)
- A Massive Selloff of 470 Million Xrp Tokens Led To A Significant Price Drop and Resistance at $ 2.92.
- The Sec’s Delay in Ruling on XRP etf Applications Adds to the Regulatory Uncertainty Impacting the Market.
- XRP’s Security Ranking Is Among The Lowest, Further Contribution to the Bearish Market Sentiment.
470 Million Token Selloff Drove Volume Spikes and Heavy Resistance at $ 2.92, While etf Delays and Weak Security Rankings Compound Bearish Pressure.
News Background• Institutional Liquidations Dominated Trading As 470 Million Xrp Were Offloaded Across Major Exchanges Durying The AUG. 21–22 Window, Triggering A Sharp Selloff.
• On -chain Settlement Volumes Surged 500% to 844 Million Tokens on Aug. 18, One of the Largest Spikes This Year, Signaling Adoption Growth Despite Market Weakness.
• The Sec Postponed Rulings on XRP etf Applications, Including Nasdaq’s Coinshares Filing, Now Expectored in October. The delay adds to regulatory uncertain.
• A Security Assessment Placed Xrpl at the Lowest Ranking Among 15 Blockchains, Raising Concerns About Network ROBUSTNESS AND ADODING TO BEARISH SENTIMENT.
Price Action Summary• 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 TRUGH.
• The Sharpest Move Occurred at 19:00 on Aug. 21, WHEN XRP WAS 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 Continusion.
• Support Emerged Near $ 2.80– $ 2.85, But Acumulation Interest Weaned with Each Retst.
Technical Indicators• Resistance Harded at $ 2.92 on 69.1m Volume Reject.
• Support Identified at $ 2.80– $ 2.85 Zone, Thought Weakening on Repeated Tests.
• Volume spiked to 96m at 11:00 AUG. 22, Confirming Bearish Follow-Through.
• Trading Range of $ 0.12 (4.25%) Highlights Volatility Concentration.
• Final Hour Selloff of 2.5% with 7.2m Volume Validated Bearish Continination.
What Traders Are Watching• WHETHER $ 2.80 CAN HOLD AS SUPPORT; A Break Risks Acceleration Toward $ 2.75.
• ETF-RELATED HEADLines, with October Decisions Key to Broader Institutional Flows.
• WHALE ACCUMULATION PATTERNS-ON-CHAIN Adoption Growing, But Price Failing to Reflect Fundamentals.
• $ 2.92– $ 3.00 Resistance Zone As Breakout Trigger for Bullish Reversal.
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He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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