#XRP dropped 8% in the last 24 hours, sliding from a high of $3.17 to a low of $2.94 as heavy selling pressure overpowered early gains. The steepest fall hit around midnight on August 1, with a 2.7% plunge in just one hour, driven by a massive 259.21 million XRP in trading volume—almost four times the daily average.
Even with the downturn, signs of buying interest emerged as XRP recovered to $2.98. Trading volume calmed after the initial spike, hinting that big players stepped in to scoop up XRP near key support levels.
Technical Breakdown
The $2.94 support level held strong despite several tests throughout the day, thanks to eager buyers stepping in to defend it, helping XRP close at $2.98. However, resistance looms between $3.02 and $3.05, and breaking through will be tough without stronger buying momentum.
While the overall trend leans bearish, fading selling volume suggests the sell-off might be losing steam.
