Why XRP Price Is Down Today Despite Proshares ETF Launch ?

XRP Prix The recent shift of today below the critical level of $ 3 has rekindled animated discussions in the cryptographic community. Despite more than 27% last week and briefly recovering the $ 3 mark on July 14, the token returned to around $ 2.86, arousing new speculation on market manipulation and whale behavior.
Read also: Prix prediction Ripple as proshares XRP ETF launches on July 18
XRP price pipe despite a solid weekly rally
The XRP price jumped almost 30% last week, but faced a strong resistance between $ 3.00 and $ 3.02. Faced break has triggered a large profitCooling moment like Volume of trading to point and open interest increased to a six -month summit.
- Current price: ~ $ 2.86
- Weekly gain: + 27%
- Resistance zone: $ 3.00 – $ 3.02
- Support levels: $ 2.60 – $ 2.80
Despite the decline, some analysts remain optimistic. Peter Brandt Forecast one 60% rally at $ 4.47while Ali Martinez suggests that a weekly fence above $ 3 could trigger a break towards $ 4.80 +.
Is XRP deleted? The theory resurfaces
Versan AljarrahThe co-founder of Black Swan Capitalist, believes that the XRP price is deliberately suppressed by large institutions, he said:
“XRP can’t even stay above $ 3 because it threatens everything.”
According to Aljarrah, the only XRP Real utility– especially its ability to allow Instant cross -border payments—Put a serious threat to traditional financial systems. It implies that the maintenance of the benefits of the benefits of status quo invested in slow and high world payments and, consequently, the abolition of XRP becomes strategic.
This Theory of deletion is not new. Many XRP holders have long indicated:
- Ripple’s monthly unlocking
- Algorithmic trading models
- Current regulatory examination
As a tactics that limit the discovery of token prices.
Chain data show that whale confidence increases
Despite the withdrawal, chain metrics indicate growing confidence among the major holders.
- Whale wallets (holding over a million XRP) have increased to 2,743+
- These portfolios collectively control more than 47 billion XRP
- The data shows regular accumulation during the dips, referring to Strong long -term belief In the fundamental principles of XRP.
This increase in whale activity suggests that the main investors are positioned for a Potential long -term breakout.
Volatility spiks: What is the next step for XRP?
Xrp Implicit volatility increased to 96%suggesting a Potential swing of 13% In both directions this week. Although the price action remains ransacking, the configuration seems promising if XRP can pierce the resistance with the volume.
Key scenarios to watch:
Scenario | Impact |
Breakout above $ 3 with a strong volume | Hard continuation around $ 4 at $ 6 |
Failure to recover $ 3 | Rettest possible from $ 2.60 to $ 2.80 support zone |
High volatility continues | Hop in the short term probably before escape |
Final reflections: Is XRP ready for a major rally?
The XRP community is divided. Some see this dip as strategic deletionWhile others argue that it’s just profit and resistance test. With Crypto Week In progress and macro-factors at stake, the scene is ready for a decisive decision.
Until XRP erases the $ 3 level with convictionExpect increased volatility and a mixed feeling. But if the volume confirms an escape, XRP could target $ 4 at $ 6 in the short term, potentially even higher if the accumulation of whales continues and the feeling of the market improves.
Faq
XRP dropped below $ 3 due to the sharp reduction in profits near the resistance and increased market volatility.
Some XRP analysts and supporters believe that institutional actors abolish the price to limit its disturbing potential in finance.
Analysts like Peter Brandt and Ali Martinez provide for a rally at $ 4.47 at $ 4.80 if XRP closes above $ 3 with volume.
Yes, the portfolios holding more than a million XRP have increased, now controlling more than 47 billion tokens, which indicates long -term confidence.