Crypto Driver

08/03 06:17

XRP Price Slips Below Support as Whales Dump 720 M

XRP Price Slips Below Support as Whales Dump 720 Million TokensTronweekly-image-2025-08-02T220935.037-768x432.png

XRP is under selling pressure as large holders offload over 720M tokens.

Technical indicators suggest a potential drop toward $2.40 or lower.

Price sits on crucial support, with more downside risk if it breaks.

XRP’s recent uptrend is losing strength. A well-known signal, the Tom DeMark Sequential, appeared on the 4-hour chart just as XRP hit a local high. That was followed by an immediate drop in price. The signal often points to trend exhaustion, and this time was no different.

Crypto trader Ali flagged the warning in real time. His trade setup focused on shorting near $2.98, aiming for a move down to $2.48. He placed a stop at $3.18, citing weak demand around the $3 zone. His chart analysis showed the real support forming closer to $2.40image-88.png

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