What to know
The XRP dropped 8% over the last 24 hours and fell from a session height of $ 3.17 to a low level of $ 2.94 when intense sales pressure overwhelmed the original strength. The sharpest fall occurred in the midnight trade window on August 1, when XRP fell 2.7% in a single hour, accompanied by 259.21 million units in volume-almost 4x its 24-hour average.
Despite the downturn, accumulation signals appeared in the restore phase when the XRP rebound to $ 2.98. The volume was diminished by the initial volatility, which suggested that institutional buyers entered to absorb excess supply near key support zones.
News Background
Whale activity around XRP continues to deliver mixed signals. On the one hand, large holders have liquidated roughly 28 million dollars value of XRP daily During a subsequent 90-day period, according to Data On-Chain. This trend highlights sustained distribution among institutional and early holders.
At the same time over 310 million XRP -Tokens – Appreciate nearly $ 1 Billion – has been accumulated During the recent correction phase, as the exchange balance fell sharply, he signaled persistent capital inflow.
Adding to the cross streams confirmed Maxwell Stein, director of digital assets in Blackrock, participation at Ripple’s Swell 2025 -Conferencethat suggests growing institutional adaptation despite the recent priests.
Summary of Price Action
• High: $ 3.17 (10:00 ADC, 31 July)
• Low: $ 2.94 (00:00 UTC, August 1
• 24 Hours Change: -8%
• Time Low Point: $ 3.02 → $ 2.94 (Midnight Drop)
• Volume Wave: 259.21 M units under correction vs. 64.89m average
• Closure course: $ 2.98 (marginal recovery to session close)
The XRPS closure course near $ 2.98 represents a minor recovery meeting from session low but still signalizes a wider structural weakness. Short -term mood remains fragile in the middle of liquidation streams and technical collapse under the threshold of $ 3.00.
Technical analysis
The $ 2.94 support zone held under several intradag tests, reinforced by aggressive dip purchases that allowed prices to recover $ 2.98 at the end of the session. The resistance remains overhead to $ 3.02- $ 3.05, with continued rejection likely, unless the spot -power is picked up.
Momentum indicators remain skewed bearish, although restoration of volume profiles suggests some fatigue in the sale.
Which dealers are looking at
• About $ 2.94- $ 2.95 applies as structural support in the short term
• Signs of renewed whale accumulation or a break in distribution trends
• Blackrock’s positioning in front of Ripple Swell 2025 and its consequences for future XRP ETF-related tales
• Reaction of $ 3.00- $ 3.05 The resistance tape, which previously marked key distribution levels
