XRP News Today: XRP Rises 2.35% as Whale Sell-Off Plunges 93% to $3.25

XRP, the digital asset associated with Ripple, has gained 2.35% in the past 24 hours, reclaiming bullish momentum after weeks of consolidation. The price currently trades near $3.25, supported by a 93% decline in whale-to-exchange outflows over two weeks, signaling diminished selling pressure from major holders. This shift coincides with broader market optimism, including Ethereum’s upward trajectory toward $4,000, which has helped reinvigorate XRP’s technical outlook [1].

The sharp reduction in whale activity—spiking to 43,575 XRP on July 11 before plummeting to 2,965 XRP by July 28—has eased bearish dynamics that had previously capped the asset’s growth [1]. Analysts suggest this tapering of large wallet outflows indicates a potential exhaustion of selling pressure, creating conditions for price stabilization and upward movement. While daily outflows remain slightly elevated compared to mid-July levels, the trend points to a gradual absorption of remaining supply by smaller investors and algorithmic traders, mitigating further downward risks [1].

Technically, XRP is approaching a critical resistance at $3.37, a Fibonacci extension level that has remained intact for the month. A sustained breakout above this threshold could target $3.62 and $3.83, with the $4.00 psychological barrier as the ultimate upside potential. Historical data show that XRP often experiences rapid upward momentum following clean breaches of such resistance clusters, provided buying volume remains robust [1]. However, risks persist if the price falters below $2.96, a level tied to the zero Fibonacci extension. A breakdown here could invalidate the current bullish narrative and trigger a retreat into prior consolidation ranges.

Market observers highlight the dual nature of whale activity in XRP’s dynamics. While large-scale sell-offs can temporarily suppress prices, they also create entry opportunities for retail and strategic investors. This interplay has been a recurring theme in XRP’s history, given its concentrated ownership structure, which makes it particularly sensitive to movements by major holders. The current phase, marked by a 90% decline in whale selling, contrasts with earlier volatility driven by aggressive offloading [1].

The broader crypto market’s resilience has further bolstered XRP’s prospects. With trading volumes stabilizing after weeks of erratic fluctuations, the asset appears to be entering a phase of structural repositioning. However, sustained gains will depend on the continued exhaustion of whale exits and favorable regulatory conditions, particularly in the U.S., where XRP faces ongoing legal uncertainties [1]. Traders are advised to monitor on-chain metrics and price action for signals of exhaustion or renewed strength in the coming weeks.

As XRP tests key resistance levels, the immediate focus will be on whether bulls can secure a breakout above $3.37. Success here would open a clearer path toward $4.00, while a failure to hold above $2.96 could delay further progress. The asset’s trajectory remains intertwined with the broader market’s direction, but the recent reduction in whale selling offers a tangible catalyst for near-term optimism.

Source: [1] [Fresh XRP Breakout Near as Whale Sell Off Plunge by Over 90%] [https://coinmarketcap.com/community/articles/68874541361abe5ce4db1fbb/]