📉 XRP Drops 8% from $3 Resistance Amid Heavy Selling

📅 August 1, 2025

In the past 24 hours, XRP price dropped 8% from a session high of $3.17 to a low of $2.94, signaling strong selling pressure after hitting a key resistance level.

🔻 The sharpest decline occurred around midnight on August 1, when XRP lost 2.7% in just one hour, with trading volume soaring to 259.21 million units — nearly four times its 24-hour average.

💡 Despite this sell-off, XRP closed at $2.98, hinting that institutional buyers may have absorbed excess supply near critical support zones.

📊 On-chain data reveals that large holders have been offloading roughly $28 million worth of XRP daily over the past 90 days, reflecting continuous distribution by early and institutional investors.

✅ However, during this correction, over 310 million XRP tokens (worth nearly $1 billion) were accumulated — indicating continued capital inflows.

🏛️ Maxwell Stein, BlackRock’s Director of Digital Assets, confirmed his participation in Ripple’s Swell 2025 conference — a strong sign of growing institutional interest.

📈 From a technical perspective, the $2.94 support held firm despite multiple tests, while resistance at $3.02–$3.05 remains a key hurdle, needing more buyer strength to break through.

📉 Momentum indicators lean bearish, but the slight uptick in volume might signal easing sell pressure.

🔍 Traders are now watching:

Will the $2.94–$2.95 support hold?

Are large holders beginning to accumulate again?

How will BlackRock’s positioning evolve after Swell 2025?

🧠 Stay tuned for more updates on #XRP and market insights.

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