After a strong performance in July and a new all-time high (ATH) of $3.66, $XRP has pulled back slightly, now hovering around $2.95. But is this just a cooling-off period — or the beginning of a longer-term move?
📉 Profit-Taking or Panic?
In just 2.5 weeks, 946M XRP (≈ $2.86B) was sold across exchanges. That’s the highest exchange supply in 8 months, triggering speculation of an incoming correction.
Yet, according to Alexis Sirkia (CEO, Yellow Network), this is not a bearish signal:
> “Profit-taking after new highs is normal. This time, the rally is backed by fundamentals — legal clarity, real-world utility in payments, and infrastructure — not hype. The sell pressure is temporary.”
📈 Signs of Recovery Already?
Just one week after the sell-off, over 400M XRP (~$1.2B) has been repurchased — a clear vote of confidence from the market. Investor sentiment is rapidly shifting back toward optimism.
📊 Key Technicals Pointing Upward:
• NVT Ratio (Network Value to Transaction volume) is at its lowest in 5 months → indicating healthy, sustainable growth
• Trading activity on-chain remains strong and stable
• Support at $3 is being tested — if held, XRP may retest ATHs soon
📆 August’s Historic Struggle — But This Year Looks Different
Historically, August is XRP’s weakest month (avg. -6% return) — but that trend could break this year. If XRP holds above $3.41, a push toward ATHs is in play.
> “This rally isn’t driven by FOMO,” adds Sirkia.
“It’s driven by regulatory clarity and smart money re-entering the market. Those are the foundations for a true long-term cycle.”
📉 Risk Scenario to Watch:
If XRP fails to reclaim $3, we could see a drop toward $2.65 — the 4-week low. That would invalidate the short-term bullish structure and trigger increased sell pressure.
🔍 Final Take:
Despite short-term volatility, the long-term case for XRP remains strong. Institutional interest, technical resilience, and real-world adoption are creating a foundation for potential breakout — possibly sooner than expected.
👉 Stay sharp. This might just be the beginning for XRP.
