Overview

• U.S. regulators extended the 21Shares Core XRP Trust review to October 19 and also delayed proposals from Grayscale, CoinShares, Bitwise and Canary Capital, sustaining ETF uncertainty.
• XRP swung between roughly $2.97 and $3.10 over the August 18–19 session with heavy volume, repeatedly failing to clear resistance in the $3.08–$3.10 band.
• Market-watchers flagged a late-session freeze at the $3.00 mark with a zero‑volume print, a venue-level abnormality that could reflect a technical issue or a liquidity gap.
• Short-term structure centers on the $2.99–$3.00 area, with a break risking a move toward a $2.96 demand zone; some analysts caution that a deeper slide could reach $2.24.
• On-chain readings reported that about 94% of supply is in profit, a high level that often aligns with increased odds of profit-taking and sharper pullbacks.