XRP at ~$3.17 today: is it just a correction or is a rally beginning?
Today, XRP is around $3.17, after a recent correction of -8 / -10% in the last 24‑48 hours. The sell-off has been partly attributed to significant movements (~50 million XRP, equivalent to ~175 million USD) from wallets linked to Ripple co-founder Chris Larsen, with about 140 million USD traded on centralized exchanges, triggering long position liquidations on Binance. Despite the drop, XRP has remained in a historical range between $2.00 and $2.40 for months, and many analysts are signaling the approach of a possible breakout between the end of July and mid-September 2025, if it can sustain a break above $2.40 again.
In your opinion, does the current zone of $3.06-3.17 represent an entry opportunity, or could the price drop further towards $2.90–$2.50? Or do you think the bullish trend is still alive and that it could aim for a reset above $3.40 right away?