XRP faced a significant resistance at $3.09, resulting in a selloff that brought its price down to the $3.00 area after an earlier bullish surge. The trading session on August 18 saw XRP rise from $2.97 to $3.10 with a volume of 131 million, well above the 24-hour average. However, selling pressure intensifying near the $3.00 mark led to a decline, confirmed by increased volume during the final trading hour. Notably, XRP fluctuated nearly 4% during this session. The presence of strong resistance at $3.09 and support around the psychological level of $3.00 indicates a critical moment for XRP, where holding above $2.99 could allow bulls to challenge the $3.08-$3.09 range again. Conversely, falling below this could signal a deeper correction towards the $2.96 demand zone, as institutional distribution and stop-loss liquidations were visible.

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