XRP News Today: XRP Whales Accumulate 280M Tokens Amid $3.00 Support Battle as 10.72% Price Drop Sparks $13B Trading Volume Tug-of-War

XRP whales have accumulated over 280 million tokens during a critical retest of the $3.00 support level, reflecting strong investor conviction despite a 10.72% price decline over 24 hours [1]. The token’s price surged past $3.00 to $3.65 before retreating, creating a key technical juncture where the former resistance level now acts as support [2]. Elevated trading volumes exceeding $13 billion in the past 24 hours highlight heightened market participation, as strategic buyers and profit-takers engage in a tug-of-war around the critical price threshold [3].

The accumulation of 280 million tokens by large holders underscores a growing belief in XRP’s medium-term potential. This buying activity, observed over the past ten days, suggests major investors are positioning for a potential rebound. While short-term volatility persists, the sustained pressure on the $3.00 support level—first breached in July—signals a pivotal moment for the asset’s trajectory [4]. Analysts note that a successful retest could validate the breakout and fuel a rally toward $4.50, whereas a breakdown below $3.00 might trigger a deeper correction toward $1.93, a historical support zone [5].

The $3.00 level has become a focal point for traders, with COINOTAG sources indicating that its strength will determine whether bullish momentum continues [6]. Whale activity aligns with this technical analysis, as large investors often act as trend indicators in crypto markets. However, the current pullback emphasizes the need for caution, with market participants advised to monitor order book depth and volume dynamics to gauge conviction at the support level.

Price action over the coming weeks will likely hinge on whether the $3.00 threshold holds. A sustained defense could rekindle buying interest and reinforce the narrative of a broader uptrend, while a failure to maintain support may lead to renewed selling pressure. Traders are urged to remain vigilant, as the interplay between institutional accumulation and retail sentiment will shape XRP’s near-term direction.

Source: [1][2][3][4][5][6]

[1] [title] [url](https://en.coinotag.com/xrp-whales-accumulate-over-280-million-tokens-amid-3-00-support-retest-and-price-pullback/)

[2] [title] [url](https://en.coinotag.com/xrp-whales-accumulate-over-280-million-tokens-amid-3-00-support-retest-and-price-pullback/)

[3] [title] [url](https://en.coinotag.com/xrp-whales-accumulate-over-280-million-tokens-amid-3-00-support-retest-and-price-pullback/)

[4] [title] [url](https://en.coinotag.com/xrp-whales-accumulate-over-280-million-tokens-amid-3-00-support-retest-and-price-pullback/)

[5] [title] [url](https://en.coinotag.com/xrp-whales-accumulate-over-280-million-tokens-amid-3-00-support-retest-and-price-pullback/)

[6] [title] [url](https://en.coinotag.com/xrp-whales-accumulate-over-280-million-tokens-amid-3-00-support-retest-and-price-pullback/)