XRP slides through key levels in a high-sized sale process before settling in the main support, with organizational clarity now in place after Ripple -sec leveling.
Technical analysis overview
XRP decreases by 5 % in the 24 -hour period ending on August 9, as it decreased from $ 3.34 to $ 3.20 before recovering to $ 3.30. The move extends to a range of $ 0.17, which represents 5.24 % volatility.
The pressure pressure peak is between 14: 00-15: 00, when the price collapses from $ 3.36 to $ 3.20 on a volume of 209.67 million-the largest one-hour edition of the session.
Buyers defend $ 3.20, which leads to a recovery to $ 3.33 by 19:00. Resistance models at $ 3.31 -3.33 dollars, with a support of $ 3.20.
News background
The Securities and Stock Exchange Committee and the Ripple laboratories officially ended its legal battle for a period of five years, and jointly rejected its appeal in the XRP case. The Court of Appeal recognized the second circle, where the two parties bore their own costs.
“After the committee vote today, SEC and Ripple officially submitted directly to the second circle to refuse to appeal,” said Stewart Aldouti at X.
Summary of the price procedure
• XRP decreased from $ 3.34 to $ 3.20 between August 8: 00-15: 00 in a high-size sale, printing 209.67 million symbols circulated
• Buyers defend the support of $ 3.20, which raises recovery to $ 3.33 by 19:00
• Resisting resistance from $ 3.31 to $ 3.33, as pressure on the upholshore for profit
Technical indicators analysis
• 3.20 dollars confirmed as a major support with the validity of the size of the size at 209.67 million
• The resistance set at $ 3.31 -3.33 dollars during the recovery phase
• The bull science structure consists of above 3.28 dollars, indicating the continued possibility
• The rise in the volume of height indicates 1.86 million at 01:52
• 5.24 % of fluctuations inside the day, the specified trade is between $ 3.20 and $ 3.33
What the merchants see
• Whether 3.20 dollars are silent on the next test amid continuous institutional sites
• Confirming the penetration over $ 3.33 to the end of the profit achievement phase
• The follow -up purchase associated with organizational clarity after armament
• The European Union flows from the sub -opportunity files for implementation in Japan and the possible implications in the American market
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