The single hour volume is 436.98m units, which is one of the third quarter. Support is $3.05-3.09 amid a large sales. $3.13 and $3.20 resistance to a short-term reversal.
XRP prices have slid from $3.34 to $3.10 as the cryptocurrency market faces a liquidation of over $1 billion.
Tokens are currently down 3.95% and 3.95% over the same period.
The fierce noon trade was one of the largest hourly volumes this quarter, with institutional support appearing near the low price range.
Despite the pressure, late session purchases help the edge of tokens outweigh short-term resistance, indicating potential early accumulation from large owners.
Traders are closely monitoring whether this shift marks the start of a wider recovery or simply pause before it decreases further.
Market-wide liquidation causes sudden drops
The decline coincided with US stock earnings and was part of a broader market correction that changed investors’ sentiment. The overall market liquidation exceeded $1 billion, with XRP facing a noon surrender event.
At 12:00, prices fell from $3.22 to $3.09 on a big sale, contributing to an hourly volume spike of 436.98 million units. This is one of the biggest trading bursts of tokens this quarter, reflecting the rapid and continuous rewinding of high levels of speculative positioning.
Ripple’s Chief Technology Officer has repeatedly prepared for integration into global financial infrastructure during the recession of the XRP ledger, providing a fundamental layer of trust despite its short-term volatility.
Price Action and Volatility Levels
Over the 24 hours from 03:00 on August 14th to 02:00 on August 15th, XRP saw trading ranges ranging from $3.34 to $3.05.
After a midday drop, prices traded in narrow bands ranging from $3.05 to $3.13, with signaling reducing sell-side momentum. The final 60-minute deal has emerged two notable volumes of surges, 4.53 million and 3.76 million, suggesting new institutional interest in support.
After a sharp decline, such inflows into spot markets often point to strategic positioning by large investors seeking to take advantage of discounted pricing levels.
Important technical level to watch
Support has been confirmed between $3.05 and $3.09 and has been repeatedly tested during intense sales periods. Immediate resistance is currently at $3.13 and the secondary level is at $3.20. After daytime spikes are settled, a decrease in volume refers to the depletion of clearing.
A recovery of over $3.10 in low-fluid conditions suggests that early stage re-accumulation may be ongoing, but following-through purchases above $3.13 are required to confirm a short-term reversal.
Factor traders are monitoring
Market participants are looking at whether $3.05 will hold the next wave of volatility, especially if market-wide liquidation occurs again.
Large wallet activity is being tracked due to signs of accumulation, and shifts in funding rates in the XRP derivatives market have been reviewed as potential for re-moved re-entry.
Correlations with the stock market remain important, with interest rate cuts in the US Federal Reserve continuing to influence risk sentiment.
As global markets remain sensitive to macroeconomic signals, cryptocurrency price actions are expected to be closely related to investors’ desire for risky assets.
