- XRP slips below $3 after strong resistance triggers profit-taking.
- Whale wallets grow as large holders buy the dip confidently.
- ETF launch and volatility hint at a possible major price swing.
XRP has slipped back below the $3 level after a strong weekly rally, now trading around $2.86. The sudden drop follows a sharp surge of over 27 percent last week, marking one of the token’s best performances in recent months.
The decline is mainly attributed to profit-taking after XRP briefly touched the $3 level on July 14. Resistance at $3.00, $3.02 was too tight and short-term traders did not hesitate to exercise much selling. This caused it to correct in price, making XRP near its support level of $2.60 to $2.80.
Following a sharp rise in spot trading volume and open interest to a six-month high, the dip quickly followed. The rally encouraged traders to unwind positions, which generated temporary downward pressure.
Also Read: 3iQ XRP ETF Smashes $50 Million in 3 Weeks — Here’s What’s Happening
Under the present scenario, Ali Martinez indicated that XRP might still break out if it closes the week above the $3 mark. In the event that it is recaptured powerfully, his optimization assumption is a further orderly retreat to $4.80.
$XRP is screaming all-time highs. Are you seeing this? pic.twitter.com/fWKQUESNqQ
— Ali (@ali_charts) July 14, 2025
Long-time observer Peter Brandt has also forecasted a 60 percent rally to $4.47 should XRP overcome resistance.
Whale Accumulation Continues Despite Market Reversal
While short-term traders are taking profits, on-chain data shows large XRP holders are steadily increasing their positions. Overall, wallets with XRP quantities exceeding one million coins have increased to more than 2,743, with a total supply containing more than 47 billion tokens.
These whale wallets have continued to add over time when there is a downward trend, meaning that they are eying a long-term future. Their activity is evidence of the expectation that the token will be helpful in the future, and its price may rise, primarily through the launch of the ProShares XRP ETF on July 18.
Versan Aljarrah, co-founder of Black Swan Capitalist, has also pointed to possible institutional influence behind XRP’s rejection at $3. He says that the future of XRP is to displace the existing cross-border payment systems that may charge huge fees, which may pose a danger to traditional institutions.
The implied volatility of XRP, which has reached 96 percent, expresses the current expectations of extreme price moves in the future. A follow-up beyond the $3 mark can result in fresh bullish trends, whereas any further refuting might push lower supports once more.
Conclusion
XRP’s drop today is primarily driven by profit-taking after failing to hold above $3. Whale accumulation and upcoming developments may support recovery if key resistance is reclaimed.
Also Read: Fedwire ISO 20022 Upgrade Goes Live – Here’s How it Benefits XRP
