key takeaways:
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After 19% dripping in three weeks, XRP feature with strong resistance at $ 3.10- $ 3.00, with significant support at $ 2.65.
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Whale has uploaded more than 640 million XRP tokens from 9 July.
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$ 2.65 aligns with quarterly VWAP and 0.50 Fibonacci Retresses: a drop may undo a Q3 rally.
The XRP (XRP) is undergoing a sharp improvement after the reeling at an annual high of $ 3.65 on 18 July.
On Saturday, prices briefly dipped to a major support range between $ 2.66 and $ 2.80 before the prices briefly rolled back on Sunday, which reduced more.
The data from cryptoctive data indicates that retraction is operated in part by large holders exiting the market.
Related: XRP detention gets live to Korean institutions through BDACS amid ‘strong interest’
In the last three weeks, the XRP whale purses, adding significant amounts of XRP, continuously unloading its post.
Between July 9 and August. The 90-day moving average of the 5, whale Netflos is currently a negative 640 million XRP (a value of approximately $ 340 million), which suggests continuous disability pressure that recently coincides with the price recession.
Analyzing the daily chart of the XRP, the lead Crypto Treder Nebrasangooner says Altcoin can withstand a “full pump retrace”, a trick hony prices re -sees the base of the previous rally at $ 2.
XRP should organize $ 2.65 for a chance at a new high level
The level of $ 2.65 is important for the fast market structure of XRP. The chart suggests that LIEL acted as a significant resistance through H1 2025.
Finally after breaking up in July, this string flipped into support, a technical change in the structure. A continuous grip is necessary to highlight this level.
Crypto analyst Dome states that XRP was able to clearly clarify the $ 2.80, a major early field of interest, and currently $ 2.65, which aligns with quarterly VWAP (volume-precious average price).
Related: Will XRP repeat its 70% Rali? Prices near classic fractal breakout
VWAP represents the average price of trading property over a period, is weighted by the volume, and is often used by traders to add fair price.
Dom cautions that are below this region, will damage the chart, a potentially invalid short -term rapid setup.
Additionally, technical analyst Mind Treder says XRP has completed its $ 3.65 to 50% Fibonacci Retressment. Historically, if holding a level of 50%, a renewed push $ 4.15, ie, a new all-time can target high.
However, if the XRP breaks below $ 2.65, it slips back into its back color and powerfully $ 2, essentially the benefit of the benefits and weakness of the S Signaling Blower.
There are no investment advice or recommendations in this article. Every investment and trading film includes risk, and readers should do their research while taking decisions.
