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Ripple XRP Prices Plunge Below $3

Ripple's XRP token has dropped below a key support level, raising concerns for investors.

August 2, 2025 at 02:48 PM

Ripple's XRP sees a significant drop as market trends shift.

Ripple Faces Major Price Decline

Ripple's XRP token has seen a decline of over 8% this week, dropping below the key support level of $3. After reaching an all-time high of $3.65 in mid-July, the cryptocurrency has fallen more than 20% in value. Analysts warn that the situation could worsen, with important technical indicators signaling potential further drops to support levels of $2.8 and $2.5. Notably, large investors, commonly known as whales, have sold off more than 700 million XRP tokens recently, which increases selling pressure across the market.

Key Takeaways

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XRP falls below critical support level of $3.

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Over 20% loss from mid-July all-time high of $3.65.

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Technical indicators signal possibility of further declines.

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Whales have sold off 700 million XRP tokens recently.

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Market sentiment may shift as selling pressure increases.

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Investors should watch for further support levels at $2.8 and $2.5.

"XRP has breached the crucial $3 support level, signaling potential declines ahead."

This highlights the critical nature of support levels in the cryptocurrency market.

"Whales have dumped more than 700 million XRP in a single day, increasing market pressure."

This significant sell-off could influence smaller investors' decisions.

The current downtrend in Ripple's price reflects broader market volatility but carries specific signals of deeper issues. The breach below the $3 support level raises concerns about a sustained bearish trend. With whales offloading substantial amounts of XRP, smaller investors may feel compelled to sell, potentially leading to a domino effect of declining prices. This scenario necessitates close monitoring, as the cryptocurrency market remains sensitive to investor sentiment and technical signals.

Highlights

XRP is slipping below the crucial support level of $3.
Whales selling XRP intensifies market pressure.
A significant sell-off from large investors could lead to further declines.
Technical signals indicate more potential pain for Ripple.

Increased Risk of Ripple Price Decline

The recent significant sell-off by large investors and breach of key support levels poses heightened risk for XRP's price. If sentiment shifts, it could lead to further declines, particularly as these movements may trigger reactions from smaller investors.

Eyes are now on Ripple to see if it can stabilize and regain investor confidence.

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