Key takeaways:
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After dropping 19% in three weeks, XRP faces robust resistance at $3.10-$3.00, with key help at $2.65.
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Whales have offloaded over 640 million XRP tokens since July 9.
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$2.65 aligns with the quarterly VWAP and 0.50 Fibonacci retracement: a drop under might undo the Q3 rally.
XRP (XRP) is present process a pointy 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 help vary between $2.66 and $2.80 earlier than bouncing again on Sunday, forming the next low.
Data from CryptoQuant information signifies that the retracement seems to be pushed partly by massive holders exiting the market.
Related: XRP custody goes reside for Korean establishments through BDACS amid ‘robust curiosity’
Over the previous three weeks, XRP whale wallets, addresses holding important quantities of XRP, have been steadily offloading their positions.
Between July 9 and Tuesday, the 90-day shifting common of whale netflows is presently unfavourable 640 million XRP (valued at roughly $340 million), suggesting sustained distribution stress that coincides with the latest worth stoop.
Analyzing XRP’s day by 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 an opportunity at new highs
The $2.65 degree is essential for XRP’s bullish market construction. The chart reveals that this degree beforehand acted as a major resistance all through H1 2025.
After lastly breaking above in July, it flipped into robust help, a technical shift in construction. A sustained maintain above this degree is important 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 (Volume-Weighted Average Price).
Related: Will XRP repeat its 70% rally? Price nears basic fractal breakout
VWAP represents the typical worth of an asset traded over a interval, weighted by quantity, and is commonly utilized by merchants to evaluate honest worth.
Dom cautions that any transfer under this zone would severely harm the chart, doubtlessly invalidating short-term bullish continuation setups.
Additionally, technical analyst Mind Trader says that XRP has accomplished a 50% Fibonacci retracement from its $3.65 excessive. Historically, if the 50% degree holds, a renewed push might goal $4.15, i.e., a brand new all-time excessive.
However, if XRP breaks under $2.65, it dangers slipping again into its earlier vary and doubtlessly retesting $2, primarily undoing months of positive factors and signaling broader weak point.
This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
