$XRP : $2.87—Momentum or More Legal Headaches?

XRP is trading around $2.87, after a sharp weekly pullback that’s tested trader sentiment. Here’s the latest pulse on Ripple’s standout token.

📈 Key Market Dynamics:

• Steady volume of ~$7 billion/day

• Notable whale accumulation in late July—over 4.5 billion XRP moved to cold storage

• Support zone: $2.75–$2.80

• Resistance: $3.00–$3.10 (breakout range to watch)

🧭 Why XRP still matters:

• Serving its original mission of enabling fast, cross-border payments—and advancing with growing corridor partnerships, especially in Asia and Latin America

• Whale moves suggest smart money positioning for a near-term trigger

• Upcoming developments (like US regulator clarity or new Treasury-based tokenization models) may serve as catalyst

⚠️ Risks to consider:

• Ongoing legal uncertainty from the SEC cloud continues to cast a long shadow

• Weak net inflows recently—over $220M in the red on spot markets—signal fading momentum

• If support fails, a dip to $2.50 is on the table

🔮 August Watchlist:

1. Any SEC settlement or appeal developments

2. News around Ripple partnerships and real-world asset tokenization

3. Large on-chain transactions or whale behavior shifts