After soaring to $3.65 on July 18, Ripple’s native token has pulled back nearly 15%, leaving investors scratching their heads. Is this just a healthy dip or a warning sign of deeper trouble?
Well, things are getting a little shaky for XRP.
After soaring to $3.65 on July 18, Ripple’s native token has pulled back nearly 15%, leaving investors scratching their heads. Is this just a healthy dip or a warning sign of deeper trouble?
There were a few bullish flashes lately—like the 130 million XRP scooped up by whales in just 24 hours last Friday. That buying frenzy helped XRP cling to the $3 support level, at least temporarily.
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According To Analyst
But hold on—according to crypto analyst Ali Martinez, the situation isn’t fully under control yet. He believes another retracement could be on the way if XRP loses grip on its current $3.15 support. If that cracks, we’re likely heading for a full retest of the $3 level—a critical zone that could either spark a bounce or turn into a make-or-break moment.
Martinez even hinted that falling below $3 could be a “buy-the-dip opportunity”—and honestly, that might excite bargain hunters.
What caused the sudden drop, though?
Last week, XRP faced intense selling pressure that triggered this nosedive. And get this—a Ripple co-founder reportedly sold $140 million worth of XRP during the same period. Yep, that’s a serious chunk and likely played a major role in shaking the market.
Still, XRP isn’t going down without a fight.
Despite the price volatility, it’s still one of the most popular and widely traded cryptos, especially in Asia. In fact, XRP even beat out BTC and ETH in trading volume on South Korea’s top exchanges recently. That’s no small feat—and shows the token still has strong market interest behind it.
Looking at the bigger picture, another well-followed analyst painted a wild ride for XRP’s future. He suggested a possible pump to $27, followed by a brutal correction below $1. Yeah, that’s a jaw-dropping range—and one that could make or break portfolios depending on your entry point.
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Final Thoughts:
XRP is at a make-or-break stage right now. Support at $3 is holding—for now. But if it slips, the next few moves will be crucial. Whether you’re looking for a buying opportunity or a signal to tread carefully, keep your eyes locked on that support zone.
Because in crypto, the floor can disappear faster than you can say “buy the dip.
