🔻 $XRP drops to ~$3.07: correction or buying opportunity?
Current Price and Technical Structure
Price: approximately $3.07
According to CoinMarketCap and Kraken, the trading volume in the last 24 hours is around $4.8 B
XRP has fallen from recent highs near $3.55, entering a consolidation phase after the July rally
Key Factors of the Drop
Massive whale selling: in the last month, around 640 M tokens ($1.9 B) were liquidated, generating bearish pressure
Technical forecasts warn that if XRP does not maintain support at $3.00–$3.10, it could correct towards levels of $2.65 or even $2.00
Technical Levels of the Day
Support: $3.00–$3.10 (previous resistance and key liquidity zone)
Immediate Resistance: $3.55 (July high)
Critical Zone: staying above $3.10 will preserve the possibility of a bounce; a drop below $3.00 could accelerate the correction towards $2.65–$2.00
Institutional / Macro Outlook
Although the correction generates uncertainty, the fundamental narrative remains intact: expanding adoption, clearer regulatory frameworks, and technologies like RippleNet continue to drive demand. However, whale movement suggests caution in the short term.
Would you buy $XRP near $3.00 or wait for a bounce above $3.10 first? Comment below ⬇
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