XRP has faced strong selling pressure after failing to hold the $3.40 level. Cryptocurrency analyst Michaël van de Poppe describes the $3.40 level as a "key level" and notes that losing this level could trigger a deeper correction. After being rejected, the price fell lower, but has yet to reach the $2.50 area.

Van de Poppe has identified the price range of $2.40 to $2.60 as a potential entry zone if the downtrend continues. On the daily chart of XRP/USDT, the $2.20 range is marked as a previous breakout point, supporting the latest bullish trend.

Below that, a broader support area between $1.82 and $1.57 has been outlined for higher time frame opportunities. The chart also indicates that "all liquidity has been pulled" from the area above $3.40, suggesting a sweep before a reversal.

Accumulation and Trading Activity of Whales

Market analyst Ali Martinez reported that large investors purchased 900 million XRP within 48 hours. He links this buying activity to the recent ruling by Ripple Labs and the U.S. Securities and Exchange Commission, ending with both parties dismissing any appeals.

Following this development, the daily trading volume of XRP has increased to $8.77 billion, up 69% from the previous day. The open interest of XRP derivatives products has also risen, reflecting stronger market participation from traders and institutions. Martinez stated: "Breaking this threshold, $3.60 will be the next level," referring to the resistance level of $3.27.

On the 2-hour chart, XRP is trading within a downward channel, with the $3.27 level at the upper boundary of the channel. Analysts note that a move above this level could pave the way for prices of $3.37, $3.51, and possibly $3.60.

Analyst CrediBULL Crypto pointed out the range of $2.95–$3.11 as the preferred buying zone and stated: "As long as the green zone is maintained, we can aim for new highs or ATH."

His forecast indicates that prices could rise from this level to $3.60, with the potential to reach a new all-time high if this threshold is surpassed. However, if prices drop below $2.95, this scenario will be invalidated.

Market Outlook

At the time of writing, the price of XRP stands at $3.14, down 3% in the past 24 hours but up 2% in the past week. Short-term traders are monitoring whether the resistance level of $3.27 can be broken, while others are waiting for the price to retest the $2.40–$2.60 range to potentially buy in. Regulatory clarity has boosted interest, but market trends remain tied to key technical levels.