XRP News Today: XRP Drops 3.3% to $2.84 Amid ETF Hype and Institutional De-risking

In the past 24 hours, the price of XRP experienced a 3.3% decline, dropping to $2.84 before recovering. Despite this dip, XRP has shown a 7-day gain of over 26%. This volatility comes as XRP faced resistance at the $3 mark, with the price falling 8% from $3.02 to $2.78 between July 14 and July 15. The intraday range during this period was between $2.80 and $3.02, indicating significant price fluctuations.

Analysts suggest that the recent price movements in XRP can be attributed to several factors. Firstly, there is optimism surrounding the potential launch of an ETF, which has boosted demand for the token. However, this optimism has been tempered by institutional de-risking ahead of the ETF launch, leading to an 8% decline in XRP's price. Additionally, the resistance zone at $3.00–$3.02 has proven to be a significant barrier for XRP, with support levels at $2.60–$2.80 providing some stability.

Despite the recent price drop, there are indications that XRP is preparing for its next big move. Key support at $2.08 remains strong, while a break above $2.41 could trigger a significant rally. This is further supported by the fact that over $1.47 billion in XRP has recently hit exchanges, which could potentially lead to a price drop. However, this influx of XRP onto exchanges could also be seen as a sign of accumulation by whales, who are known to buy the dip in anticipation of future price increases.

Market strategists have noted that the sell-off above $3 may look like weakness, but it is actually tactical selling—locking profits ahead of the ETF launch. The rapid re-accumulation near support levels suggests that institutional buyers are taking advantage of the volatility to enter the market. This pattern is classic market manipulation meets strategic entry, a familiar setup before major catalysts like ETF listings.

The current XRP structure suggests a range trading zone where market makers are collecting liquidity. With support near $2.80 and resistance around $3.02, whales are stacking positions near support, while short-term traders are selling strength near $3. ETF excitement is already priced in, but a low-liquidity pump or dump post-launch remains a risk.

Unlike previous ETF events, XRP is launching amidst unresolved SEC regulatory overhang, split sentiment among whales and institutions, and XRP’s legal clarity in the U.S., but global classification uncertainty. These factors are creating a scenario where price is caught between bullish macro narratives and cautious institutional behavior.

The real move may not happen on ETF launch day, but after the noise settles. Until then, $2.80 remains a key institutional entry zone, $3.05 is the breakout barrier, and volume spikes near support signal accumulation, not panic. XRP is in a controlled volatility zone. Big players are silently preparing while retail focuses on price drops. The next 48 hours could define whether XRP breaks out or remains range-bound through the ETF launch hype.