šØ XRP Faces āFull Pump Retraceā If $2.65 Support Fails!
š” Key Takeaways:$XRP
š» 19% Drop: XRP slid from $3.65 yearly highs to $2.99, struggling to clear $3.00ā$3.10 resistance.
š Whale Exodus: Large holders have offloaded 640 M XRP (~$340 M) since July 9, driving the pullback.$ETH
š Critical $2.65 Zone: This level aligns with the quarterly VWAP and the 50% Fibonacci retracement of the recent rallyālose it, and the Q3 gains could vanish.$SOL
ā ļø Bear Warning: Crypto trader Nebraskangoner warns a āfull pump retraceā back to $2.00 if $2.65 breaks.
š® Bull Case: Analyst Mind Trader notes that holding the 50% Fib could pave the way for a push toward $4.15āa new yearly high.
š Technical Insight: Quarterly VWAP gauges institutional fair value; 50% Fib often serves as a major bounce zone. A decisive reclaim of $3.00ā$3.10 would negate the worst-case scenario.
š Whatās Your Play?
Buy the dip at $2.65, or wait for a rebound above $3.00? Drop a š„ if youāre loading up, or a š§ if you need more confirmation!