📉 XRP Falls Below $3 Amid Massive Whale Sell-Off

XRP, Ripple’s native token, experienced a sharp decline today, breaking below the $3.00 level and currently trading around $2.94, according to market data. This marks a 4.7% drop in the past 24 hours and a significant decrease in its total market capitalization—shedding nearly $5 billion.

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🐋 What Caused the Drop? – Whale Activity Signals Bearish Sentiment

According to on-chain data, XRP whales offloaded approximately 720 million tokens over the past 48 hours.

These transactions were picked up by WhaleAlert and Santiment, showing large movements to centralized exchanges such as Binance and Kraken.

Historically, such moves often precede downward pressure on price due to increased sell-side liquidity.

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📊 Technical Indicators

The MACD (Moving Average Convergence Divergence) has turned bearish with a negative crossover.

The MVRV ratio (Market Value to Realized Value) has dipped below the critical level, indicating that traders are now more likely to realize losses.

Analysts are warning of a potential “death cross” if the 50-day moving average falls below the 200-day line—a classic bearish pattern.

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🛑 Key Support & Resistance Levels

Level Significance

$2.80 Strong support zone from May lows

$3.20 Immediate resistance

$2.40 Deeper support if correction continues

$3.50 Bullish breakout threshold

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🌐 Broader Context

Despite this correction, XRP still holds a significant position in cross-border payment infrastructure. Ripple Labs continues to expand its presence in South Asia and Latin America through partnerships with regional banks and fintech firms.

Ripple also recently filed updates to its SEC case summary, anticipating full settlement by Q4 2025—which could have a major impact on future price recovery.

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🧠 Expert Take

> “XRP’s fundamentals remain strong in terms of utility and adoption, but near-term technicals look weak. If whale dumping continues and the macro climate stays risk-off, we may see XRP test the $2.40–$2.50 range before rebounding.”

— Priya Venkataraman, Senior Crypto Analyst at CoinDelta

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🧭 Final Word

For short-term traders, caution is advised as volatility may continue. For long-term investors, any dip below $2.80 could be seen as a potential accumulation opportunity, especially with clarity expected on Ripple’s legal situation in the coming months.

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