🚨URGENT: $XRP Bullrun OVER?!

#XRP just took a significant hit, falling nearly 10% as whales started selling and wider market liquidations spread to the altcoin! This steep dip on Wednesday marked its sharpest daily correction since April 6. We saw XRP futures open interest drop 16.8%, suggesting leveraged traders are exiting or getting liquidated.

To make matters more intense, a wallet linked to #Ripple co-founder Chris Larsen moved 50 million XRP, worth around $175 million, to exchanges between July 17 and Wednesday, sparking accusations of "dumping" near the local highs. This move also triggered the third largest XRP long liquidation event on Binance this year, wiping out roughly $86 million in hours!

Despite all this, the higher time frame trend for XRP remains bullish. Bulls are now aiming to defend the critical $2.95 to $3.00 support zone. If XRP can hold these levels and break above $3.25, it could confirm a bullish market structure shift and potentially establish a local bottom. However, a fall below $2.64 could signal a change in trend. This is a crucial moment for XRP!

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