XRP extended losses in the past 24 hours, slipping under the $3.00 mark after a sharp rejection at resistance. A combination of blockchain security concerns and delayed regulatory decisions drove heavy selling and profit-taking across institutional desks.

News Background

• A security audit ranked XRP Ledger lowest among 15 blockchains, eroding investor confidence. • The SEC delayed rulings on multiple XRP ETF applications, including Nasdaq’s CoinShares filing, until October. • Heightened regulatory ambiguity and security doubts fueled portfolio adjustments at major trading firms.

Price Action Summary

• XRP fell 4% from $3.02 to $2.90 between August 19 at 06:00 and August 20 at 05:00. • The steepest drop came from 13:00–15:00 on August 19, when price collapsed from $3.04 to $2.93. • Vol

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