XRP Climbs to $3.33 with 193.90M Volume Before Profit-Taking Drop
XRP Technical Analysis Overview
XRP increased by 2.81% in the 24 hours ending August 13 at 14:00, rising from $3.20 to $3.29 with a volatility of 3.89%. The peak was $3.33 at 13:00 on a volume of 193.90M, more than double the daily average of 81.50M, indicating heavy institutional involvement.
During the late session from 13:07–14:06, price fluctuated aggressively, moving from $3.27 to $3.32 on 11.30M volume, before dropping to $3.26 as large holders took profits. The session closed at $3.28, maintaining support above $3.20.
Key Points
- XRP moved from $3.20 to $3.29 between August 12 15:00 and August 13 14:00
- Session high reached $3.33 on 193.90M volume, confirming institutional flow
- Support remains at $3.20; resistance established at $3.32-$3.33
- Profit-taking observed as price dropped from $3.32 to $3.26
Market Context
The recent rally is attributed to large-holder accumulation following Ripple’s settlement with the U.S. SEC, which has provided corporate treasury flexibility. Resistance at $3.33 has led to quick reversals, while the market sentiment remains positive as long as the price stays above $3.20.
Technical Indicators
- Support level at $3.20 backed by volume
- Resistance levels between $3.32 and $3.33
- Intraday range shows 3.89% volatility
- Volume spikes indicate significant institutional participation
- Reversal patterns suggest tactical rebalancing by large holders
Traders' Focus
- Breakout attempts above $3.33 toward $3.40
- Durability of support at $3.20 during profit-taking cycles
- Effects of sustained corporate treasury flows post-settlement
- On-chain indicators for new institutional investments