According to @CryptoMichNL, XRP lost the crucial $3.40 level and moved lower, signaling a break of key support (source: @CryptoMichNL on X, Aug 12, 2025). He notes XRP did not fully reach the $2.50 region, underscoring the speed of the correction (source: @CryptoMichNL on X, Aug 12, 2025). He adds that price was rejected at a resistance zone, implying likely continuation of downward momentum (source: @CryptoMichNL on X, Aug 12, 2025). For trading, monitor $3.40 as reclaimed resistance and the $2.50 area as the next downside region referenced by the author (source: @CryptoMichNL on X, Aug 12, 2025).