Key takeaways:
-
After dropping 19% in three weeks, XRP faces robust resistance at $3.10-$3.00, with key assist at $2.65.
-
Whales have offloaded over 640 million XRP tokens since July 9.
-
$2.65 aligns with the quarterly VWAP and 0.50 Fibonacci retracement: a drop beneath might undo the Q3 rally.
XRP (XRP) is present process a sharp correction after rallying to a yearly excessive of $3.65 on July 18. Since then, it’s down almost 19%, struggling to reclaim the $3.10–$3.00 resistance zone.
On Saturday, costs briefly dipped to a key assist vary between $2.66 and $2.80 earlier than bouncing again on Sunday, forming a larger low.
Information from CryptoQuant information indicates that the retracement seems to be pushed partially by massive holders exiting the market.
Related: XRP custody goes live for Korean institutions via BDACS amid ‘strong interest’
Over the previous three weeks, XRP whale wallets, addresses holding vital quantities of XRP, have been steadily offloading their positions.
Between July 9 and Tuesday, the 90-day shifting common of whale netflows is presently detrimental 640 million XRP (valued at roughly $340 million), suggesting sustained distribution strain that coincides with the current value droop.
Analyzing XRP’s every day chart, outstanding crypto dealer Nebraskangooner says the altcoin might face a “full pump retrace,” a transfer the place costs might revisit the bottom of the earlier rally at $2.
XRP should maintain $2.65 for a likelihood at new highs
The $2.65 degree is essential for XRP’s bullish market construction. The chart exhibits that this degree beforehand acted as a vital resistance all through H1 2025.
After lastly breaking above in July, it flipped into robust assist, a technical shift in construction. A sustained maintain above this degree is crucial to protect the uptrend narrative.
Crypto analyst Dom says that XRP was capable of retain $2.80, a key preliminary space of curiosity, and presently steers away from $2.65, which aligns with the quarterly VWAP (Quantity-Weighted Common Worth).
Related: Will XRP repeat its 70% rally? Price nears classic fractal breakout
VWAP represents the common value of an asset traded over a interval, weighted by quantity, and is usually utilized by merchants to evaluate truthful worth.
Dom cautions that any transfer beneath this zone would severely harm the chart, doubtlessly invalidating short-term bullish continuation setups.
Moreover, technical analyst Thoughts Dealer says that XRP has accomplished a 50% Fibonacci retracement from its $3.65 excessive. Traditionally, if the 50% degree holds, a renewed push might goal $4.15, i.e., a new all-time excessive.
Nevertheless, if XRP breaks beneath $2.65, it dangers slipping again into its earlier vary and doubtlessly retesting $2, basically undoing months of positive aspects and signaling broader weak spot.
This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
