$XRP Faces Weekly Drop but Maintains Strength at Supports
Price Overview
The Ripple token has undergone a recent correction, falling to $2.82 before recovering to $2.93. Currently, the asset is trading in the range of $2.90, with a slight daily decline.
Over the past seven days, the depreciation is 11%, while trading volume has decreased by about 5%, hovering around $6 billion.
Despite the selling pressure, $XRP remains within its consolidation zone. Technical analysts point out that the chart is drawing a rectangle pattern—a movement that often precedes a new bullish leg. If this scenario is confirmed, the next resistance targets are at $3.26 and $3.33.
Large Investors' Activity
In recent days, whales have transferred over 470 million of #xrp to exchanges, mainly Binance. Some of these movements exceeded 100 million tokens per transaction, indicating coordinated sales.
On the other hand, it is worth noting that this same group had accumulated around 320 million of #xrp in previous declines, which helped to support the price at critical moments. In other words, even with profits being taken, there is still buying interest at these levels.
Short-Term Signals
Analyst Ali Martinez highlighted that the TD Sequential indicator issued a buy signal on the hourly chart of $XRP —the same tool that had anticipated the peak at $3.65 in July. This may indicate a bounce in the short term.
Although the crypto market as a whole is under pressure—with liquidations of $360 million in a few days—XRP demonstrates resilience.
The asset continues to defend important supports, with investors attentive to a possible resumption of the bullish trend.
