$XRP Here are the latest short‑term developments for XRP:

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📉 Price & Momentum

Pullback signals emerging: XRP topped out near $3.66, but a sharp decline in new investor activity (from ~11,000 to ~4,000) and some long‑term holders beginning to sell could indicate a short‑term correction risk .

Holding key support: The $3.30–$3.40 zone is acting as a short‑term floor, with a strong reaction so far — a break below $3.38 may trigger a drop toward $3.00 .

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🏦 Large Transfers & Futures

A whale transferred approximately $70 million worth of XRP to Coinbase, triggering speculation about profit-taking .

Futures open interest has surged to an all-time high (~$11 billion), reflecting growing institutional confidence .

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🧮 On‑Chain & Technical Indicators

Ledger activity has doubled recently, nearing levels seen in early 2025, reinforcing on-chain strength .

Technical indicators are still bullish: 50‑ and 200‑day MAs trending upward on multiple timeframes, RSI is overbought—suggesting continued momentum but possible consolidation .

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📊 Analyst Forecasts – Short Term

CoinLore expects XRP to hover around $3.54 over the next week, with a range between $3.42–$3.61 .

CoinCodex projects a mild dip to ~$3.44 by mid-August .

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🧭 Summary & What to Watch

1. Support zone: $3.30–$3.40 — a decisive break below may open the path to $3.00.

2. Resistance: near recent high (~$3.66). A sustained breakout could propel XRP to retest ATH or above.

3. Investor behavior trends: monitor long-term holder selling and whale transfers for signs of either capitulation or accumulation.

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Verdict:

XRP remains bullish in the short term but faces mounting pressure as new-investor activity wanes and larger holders may be cashing in. A stable hold above $3.40 could sustain the rally, while a drop below $3.38–$3.40 might lead to a sharper retracement toward $3.00.

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