The main dishes to remember:
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After losing 19% in three weeks, XRP faces a strong resistance at $ 3.10 at $ 3.00, with a key support at $ 2.65.
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The whales have unloaded more than 640 million XRP tokens since July 9.
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$ 2.65 aligns with the quarterly VWAP and the Fibonacci 0.50 retrace: a drop below could cancel the Q3 rally.
XRP (XRP) undergoes a clear correction after raising an annual summit of $ 3.65 on July 18. Since then, it has dropped by almost 19%, has struggled to recover the resistance zone from $ 3.10 to $ 3.00.
On Saturday, prices fell to a key support range between $ 2.66 and $ 2.80 before rebounding on Sunday, forming a higher hollow.
Cryptoque data data indicates that retrace seems to be driven partly by major holders leaving the market.
Related: The XRP guard is put online for Korean institutions via BDAC in the middle of the “strong interest”
Over the past three weeks, XRP whale wallets, addresses containing large quantities of XRP, have regularly unloaded their positions.
Between July 9 and Tuesday, the 90 -day Mobile Mobile Whale Netflows is currently negative 640 million XRP (valued at around $ 340 million), which suggests sustained distribution pressure that coincides with the recent price collapse.
Analyzing XRP’s daily graphic, the prominent cryptography merchant Nebraskangooner said that Altcoin could face a “full pump retirement”, a decision where prices could revisit the base of the previous rally at $ 2.
XRP must contain $ 2.65 for a chance to new heights
The level of $ 2.65 is crucial for the structure of the Haussier market of XRP. The graph shows that this level previously acted as significant resistance throughout H1 2025.
After finally breaking in July, he went to a strong support, a technical change of structure. A sustained plug above this level is essential to preserve the upward story.
The Crypto Dom analyst says that XRP was able to keep $ 2.80, a key initial area of interest, and currently avoids $ 2.65, which aligns the quarterly VWAP (average price weighted by the volume).
Related: Will XRP repeat its 70%rally? The price is close to the classic fractal rupture
VWAP represents the average price of an asset exchanged over a period, weighted by volume, and is often used by traders to assess fair value.
Dom warns that everything moving below this area would seriously damage the graph, potentially invalidating the configurations of upward continuation in the short term.
In addition, the technical analyst Mind Trader said that XRP finished a Fibonacci retracement of 50% compared to its summit of $ 3.65. Historically, if the 50% level is valid, a renewed thrust could target $ 4.15, that is to say a new summit of all time.
However, if XRP breaks below $ 2.65, it risks going up in its previous beach and potentially rebellious, essentially cancellation of months of earnings and lower signaling.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
