XRP Drops 3.37% Amid Whale Moves, $120M Transfer, and Anticipation for ProShares XRP ETF Launch

XRPUSDT experienced a 3.37% price decline over the past 24 hours, with the current price at 2.8849 USDT. The price movement is primarily attributed to heightened volatility driven by large-scale whale accumulation, including a notable 120 million XRP transaction, and anticipation surrounding the SEC filing for a ProShares XRP Futures ETF, which is set to launch on July 18, 2025. These developments, combined with broader market momentum from Bitcoin’s new all-time highs and increased trading activity linked to Binance platform promotions, have contributed to both rapid price rallies and subsequent pullbacks. Technical signals indicate mixed sentiment, with resistance near $3.03 and support around $2.76, while the 24-hour trading volume stands at approximately $11.90 billion and market capitalization is about $169.12 billion, with a circulating supply of roughly 59 billion XRP.