{"id":43600,"date":"2025-08-22T15:02:46","date_gmt":"2025-08-22T15:02:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=43600"},"modified":"2025-08-22T15:02:46","modified_gmt":"2025-08-22T15:02:46","slug":"xrp-zooms-3-as-bitcoin-spikes-on-powell-comments","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=43600","title":{"rendered":"XRP Zooms 3% as Bitcoin Spikes on Powell Comments"},"content":{"rendered":"<div>\n<p>XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin (BTC) and major tokens to move higher.<\/p>\n<p>470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound bearish pressure.<\/p>\n<h2>News Background<\/h2>\n<p>\u2022 Institutional liquidations dominated trading as 470 million XRP were offloaded across major exchanges during the Aug. 21\u201322 window, triggering a sharp selloff.<br \/>\u2022 On-chain settlement volumes surged 500% to 844 million tokens on Aug. 18, one of the largest spikes this year, signaling adoption growth despite market weakness.<br \/>\u2022 The SEC postponed rulings on XRP ETF applications, including Nasdaq\u2019s CoinShares filing, now expected in October. The delay adds to regulatory uncertainty.<br \/>\u2022 A security assessment placed XRPL at the lowest ranking among 15 blockchains, raising concerns about network robustness and adding to bearish sentiment.<\/p>\n<h2>Price Action Summary<\/h2>\n<p>\u2022 XRP declined 3.1% in the 24-hour session from Aug. 21 13:00 to Aug. 22 12:00, falling from $2.89 to $2.80.<br \/>\u2022 The token ranged $0.12, a 4.25% volatility band, between a $2.92 peak and $2.80 trough.<br \/>\u2022 The sharpest move occurred at 19:00 on Aug. 21, when XRP was rejected at $2.92 on 69.1M volume, confirming major resistance.<br \/>\u2022 Final hour trading (Aug. 22 11:24\u201312:23) saw XRP drop 2.5% from $2.82 to $2.80 on surging volume of 7.2M, confirming bearish continuation.<br \/>\u2022 Support emerged near $2.80\u2013$2.85, but accumulation interest weakened with each retest.<\/p>\n<h2>Technical Indicators<\/h2>\n<p>\u2022 Resistance hardened at $2.92 on 69.1M volume rejection.<br \/>\u2022 Support identified at $2.80\u2013$2.85 zone, though weakening on repeated tests.<br \/>\u2022 Volume spiked to 96M at 11:00 Aug. 22, confirming bearish follow-through.<br \/>\u2022 Trading range of $0.12 (4.25%) highlights volatility concentration.<br \/>\u2022 Final hour selloff of 2.5% with 7.2M volume validated bearish continuation.<\/p>\n<h2>What Traders Are Watching<\/h2>\n<p>\u2022 Whether $2.80 can hold as support; a break risks acceleration toward $2.75.<br \/>\u2022 ETF-related headlines, with October decisions key to broader institutional flows.<br \/>\u2022 Whale accumulation patterns \u2014 on-chain adoption growing, but price failing to reflect fundamentals.<br \/>\u2022 $2.92\u2013$3.00 resistance zone as breakout trigger for bullish reversal.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin (BTC) and major tokens to move higher. 470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound bearish pressure. News Background \u2022 Institutional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-43600","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43600"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/43600\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}