XRP fell sharply in the last 24 hours as large-scale liquidations swept through the market, pushing the token to its lowest levels in over a week before signs of stabilization emerged. The move saw over $1 billion in market-wide liquidations and record intraday selling volume, testing critical institutional support near $3.05. Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased. News Background Market-wide liquidations exceeded $1 billion, amplifying downside pressure across major cryptocurrencies. XRP’s selloff coincided with a midday capitulation event, with volume reaching 436.98 million units — one of the largest single-hour prints this quarter. Ripple’s CTO reiterated the XRP Ledger’s readiness for global financial infrastructure use, offering fundamental support amid technical weakness. Broader crypto market declines aligned with profit-taking in U.S. equities, shifting risk sentiment to the downside. Price Action Summary XRP dropped from $3.34 to $3.10 in the 24 hours from Aug. 14 03:00 to Aug. 15 02:00 (-7.19%). Session range spanned $3.34 to $3.05, a $0.29 move representing 8.69% volatility. The steepest decline occurred at 12:00, with price falling from $3.22 to $3.09 on heavy volume. Following the drop, XRP traded in a narrow $3.05–$3.13 band, signaling reduced sell-side momentum. Late-session trading saw price recover from $3.09 to $3.10, breaking back above immediate resistance. Technical Analysis Support confirmed between $3.05–$3.09 on multiple retests during high-volume selling. Resistance now sits at $3.13, with secondary resistance at $3.20. Declining volume after the midday spike suggests liquidation exhaustion. Final 60 minutes saw two notable volume surges — 4.53M and 3.76M — confirming institutional interest at support. Recovery above $3.10 in low-liquidity conditions may indicate early-stage re-accumulation. What Traders Are Watching Follow-through buying above $3.13 to confirm short-term reversal. Large-holder wallet activity for signs of renewed accumulation. Whether $3.05 holds during the next wave of market-wide volatility. Funding rate shifts in XRP derivatives markets that could signal leverage re-entry. Broader correlation with equity markets as Fed rate cut bets continue to drive risk sentiment.
