XRP Hits $3 Then Freezes, Traders Eye Key Support
XRP surged 5% to $3.10 on August 19 before stalling at the $3.00 mark and briefly freezing trading. A minute-long halt with zero volume at 08:19 UTC raised questions about a possible technical glitch or liquidity vacuum. Earlier, volume spiked to 3.26 million tokens in one minute, signaling institutional or algorithmic activity. The token established a $0.15 consolidation range between $2.95 and $3.10, defining short-term support and resistance levels. Traders are now watching whether a break below $3.00 opens a drop to $2.95 or a push above $3.10 clears the path to $3.25. The freeze has injected caution into XRP trading.
Neutral
The abrupt freeze at the $3.00 level and zero-volume print create uncertainty, suggesting neither clear bullish nor bearish follow-through. While the volume spike indicates serious institutional or algorithmic interest, the technical glitch or liquidity gap in major venues could deter aggressive positioning. Historically, such mid-session halts lead to cautious trading and a narrowed range until fresh catalysts emerge. In the short term, traders are likely to wait for a decisive break above $3.10 or below $3.00. Long-term XRP momentum remains tied to broader crypto market drivers rather than this isolated freeze event.