After a powerful rally that pushed XRP beyond $3.80, the token has sharply pulled back over the past six days, dropping by 19%. According to TradingView data, XRP has fallen from around $3.88 to $3.19, as traders took profits and market momentum cooled off.
This pullback aligns with a wider slowdown in altcoins, which have shown signs of exhaustion after several weeks of bullish sentiment.
A Closer Look at the Dip
On the XRP/USD chart via Coinbase, the decline spans 26 daily bars and marks a consistent period of selling pressure. XRP dipped back into the Ichimoku ribbon, breaking below short-term moving average support — with minimal recovery attempts during the drop.
The strong uptrend through June and early July was driven by:
- Over $415 million in whale accumulation in a single 24-hour period
- ETF speculation and hopes for regulatory clarity
- Retail-driven excitement around altcoin performance
Now, much of that excitement has tapered off.
Volume during the correction reached roughly $936.6 million — suggesting aggressive profit-taking rather than weak demand.
What Caused the Drop?
Still, several clear factors contributed:
- Overbought conditions from the recent parabolic move
- Lack of new announcements to sustain bullish momentum
- Altcoin market cooling across the board, with SOL, ADA, and others also retreating
Macro uncertainty and the absence of real progress on a spot XRP ETF have also weighed on sentiment.
Is It Just a Correction?
Despite the drop, XRP’s longer-term trend remains intact. The 50-day EMA is still pointing upward, and XRP is comfortably above its 2025 yearly open.
Key levels to watch:
- $3.00 psychological support
- On-chain whale activity and wallet redistribution
These will likely determine whether this was just a pause — or something more.
Despite the recent pullback, XRP is still up over 430% year-over-year, maintaining strong long-term momentum as shown in the 1-year chart.
Is It Just a Correction?
Despite the drop, XRP’s longer-term trend remains intact. The 50-day EMA is still pointing upward, and XRP is comfortably above its 2025 yearly open.
Key levels to watch:
- $3.00 psychological support
- On-chain whale activity and wallet redistribution
These will likely determine whether this was just a pause — or something more.
DISCLAIMER
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve substantial risk and extreme volatility - never invest money you cannot afford to lose completely. The author may hold positions in the cryptocurrencies mentioned, which could bias the presented information. Always conduct your own research and consider consulting a qualified financial advisor before making any investment decisions.
About Alex CK
Alex “CryptoKrabbe” is a veteran crypto trader, former Ethereum miner, and market analyst with 8+ years in the space. Known on Reddit as u/CryptoKrabbe, he breaks down institutional flows, on-chain data, and macro trends with clarity and edge.
“I don’t chase pumps. I chase logic.”
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