$XRP fell by around 8% this week, dropping from a high of $3.66 to trading near $3.18, which represents a technical correction following an impressive rally that lasted several weeks.
Factors explaining the correction:
1. Declining volumes
Trading volume collapsed by 42%, to $4.04 billion, reflecting that the momentum of the rally is waning as buyers pull back.
2. Whales and institutional selling
Despite the slight drop in price, on-chain data shows that large holders are accumulating over $3.8 billion in XRP, a sign of long-term structural confidence.
3. Distribution post-legal victory
Despite Ripple's legal victory (case with the SEC), large investors seem to be distributing their positions, which explains why XRP does not take off immediately after the court ruling.
It shows the classic technical correction after a vertical rally.
It indicates a diversification of investor movement: silent accumulation despite the selling.
It reveals that the institutional market does not act on impulse, even after good news.
Do you think this correction is a buying opportunity or would you prefer to wait for the next institutional push? Reply with 💸 if buying, ⏳ if waiting 😏