- XRP dropped over 15% after 75 million tokens were sold on Upbit, crashing the price to $3.05.
- Despite the plunge, whales have accumulated 280M+ XRP in the last 10 days, signaling long-term confidence.
- Ripple’s CEO warned of rising scam accounts as XRP trading volume surged past $14.2B.
Ripple’s XRP just took a hard hit. The price tanked over 15% in the last 24 hours, sliding down to about $3.05. The drop? Largely thanks to a sudden flood of tokens—roughly 75 million XRP—dumped on the Korean exchange Upbit, according to analyst Dom. The market just didn’t have the depth to soak that up, so, naturally, the price crumbled.
Funny thing is, XRP had just been flying high. Last week it briefly touched $3.65—a fresh all-time high. But that celebration got cut short real quick. The sharp selling slammed the brakes, and now XRP’s hanging on to $3.00, which a bunch of traders are eyeing as key support. If it holds? Could be a base to build on.
Big Fish Keep Buying While the Dip Lasts
Now here’s where it gets interesting. Even though the price is bleeding, whales don’t seem to care. Actually, they’ve been scooping up tokens like it’s Black Friday. Analyst Ali Martinez says whales bought over 280 million XRP in just the past 10 days. That’s… a lot.
It’s classic whale behavior—buying when retail panics. If that $3.00 zone keeps holding up, this kind of deep-pocketed accumulation might stop the bleeding. Maybe even flip the mood if the market calms down a bit.
Pullback Follows Failed Breakout
CryptoWZRD’s update pointed out that XRP closed in the red—against both USD and BTC. The timing lines up with a rise in Bitcoin dominance, which usually sucks the life out of altcoins. XRP got rejected right at the $3.65 resistance and, well, here we are.
Now everyone’s watching the $3.00–$3.10 zone. It’s become the new battleground. Bulls need to show up here—or things might slip further. Resistance is still sitting high around $3.60 and $4.00. Any real recovery’s probably gonna need to punch through those levels.
Ripple CEO Issues Scam Alert
Adding to the noise, Ripple’s CEO just dropped a warning about scam accounts doing the rounds. These fake profiles are promising giveaways and promo deals—but don’t fall for it. The team’s urging folks to ignore unverified claims and double-check everything before engaging.
Meanwhile, XRP’s still drawing huge interest. Trading volume is up around $14.2 billion. If support holds at $3, some analysts say we could see the token crawling back toward $15 long-term—but it’s a big “if” right now.
