XRP News Today: XRP plummets 10.33% as whale outflows trigger speculative exit

XRP’s recent price action has sparked debate over whether the cryptocurrency’s bullish momentum has reached a critical inflection point. After closing above $3.45 last week, XRP has since plummeted nearly 10%, with a 10.33% single-day drop on Wednesday marking its largest correction since April 6. The pullback has erased over $1.8 billion in open interest for XRP futures, signaling reduced speculative confidence as leveraged traders exit positions or face liquidations [1]. This decline coincided with the third-largest long liquidation event on Binance this year, wiping out $86 million in hours, according to data from CoinGlass. Analysts attribute the selloff to bearish whale activity, including a notable outflow of 50 million XRP ($140 million) linked to Ripple co-founder Chris Larsen’s wallet, with a significant portion withdrawn since July 15 [2].

Whale dynamics further complicate the outlook. While Cointelegraph noted that 2,743 wallets now hold over 1 million XRP each (47.32 billion tokens, or 4.4% of the circulating supply), data from CryptoQuant reveals a negative 90-day whale flow average, suggesting large holders may be offloading tokens. This metric had turned positive in early May ahead of XRP’s rally, and its reversal could signal a local top [3].

Technical analysis highlights key levels for near-term direction. XRP’s higher time frame remains bullish, but the four-hour chart shows $2.95–$3.00 as a critical support zone after being swept during the July 15 dip. A rebound above $3.25 could confirm a bullish shift, potentially establishing $2.95 as a local bottom. Conversely, sustained selling pressure may drive the price toward $2.66–$2.86, with $2.64—a former multi-week resistance level—offering strong support if buyers reassert control [4].

Analysts caution that any rally above $3.65 must be accompanied by a surge in trading volume to validate bullish conviction. Failure to maintain above $3.00 could trigger a deeper correction, with $2.85 or $2.60 as potential targets. A July 21 report from a crypto analyst projected a $2.90–$3.65 range in the coming days, contingent on volume dynamics and bearish pressure, while a July 25 analysis noted that reclaiming $3.40 resistance could reignite a short-term rally to $3.65 [5].

The broader market context adds uncertainty. A July 5 report highlighted a TD Sequential buy signal and whale accumulation as potential catalysts for a near-term rebound, but XRP’s performance remains tied to Bitcoin’s health and stablecoin flows. Binance’s July 25 hashtag analysis warned that sustained weakness in Bitcoin could exacerbate XRP’s downward trajectory [6].

Structural challenges persist despite short-term optimism. A "double top" chart pattern identified by Cryptonews on July 7 suggests a potential reversal in the upward trend, aligning with CoinGecko’s July 19 emphasis on $3.65 as a critical inflection point. Analysts stress that a breakdown below $3.00 would validate a deeper correction, testing $2.85 or $2.60 [7].

In summary, XRP’s fate at $3.65 depends on a delicate balance of technical conditions, volume dynamics, and whale activity. Bulls must defend $2.95–$3.00 to avoid a bearish shift, while bears aim to drive the price into a deeper correction. Investors are advised to monitor on-chain data, key resistance/support levels, and Ripple’s strategic initiatives for potential turning points.

Sources:

[1] [XRP Price Prediction: XRP is rising today, but can it stay above $3.66 as AI cloud mining booms?](https://m.economictimes.com/news/international/us/xrp-price-prediction-xrp-is-rising-today-but-can-it-stay-above-3-66-as-ai-cloud-mining-booms-and-why-is-ripples-co-founder-under-fire-over-a-175m-token-dump/articleshow/122905639.cms)

[2] [XRP Price Prediction: Today’s 10% crash shakes investors…](https://m.economictimes.com/news/international/us/xrp-price-prediction-todays-10-crash-shakes-investors-is-something-bigger-unfolding-beneath-the-surface-heres-what-ripples-ceo-urgently-warns/articleshow/122882497.cms)

[3] [Claude Predicts XRP, Shiba Inu, Pi Coin Prices Through…](https://cryptonews.com/news/leading-ai-claude-predicts-the-price-of-xrp-shiba-inu-and-pi-coin-by-the-end-of-2025/)

[4] [XRP to TRY: XRP Price in Turkish Lira](https://www.coingecko.com/en/coins/xrp/try)

[5] [XRP’s bull run might have ended at $3.65: Here’s what must happen to save it](https://cointelegraph.com/news/xrp-s-bull-run-might-have-ended-at-dollar3-65-here-s-what-must-happen-to-save-it)

[6] [Latest XRP News, Opinions and Feed Today](https://www.binance.com/en/square/hashtag/XRP)

[7] [$22 Trillion M2 Tsunami—Is Crypto the Next Big Beneficiary?](https://www.binance.com/en/square/post/274184****4585)