Before You Buy the XRP Dip, Watch for This Key Trigger (Analyst)
Main Idea
XRP has experienced a significant price drop since its peak, with potential further retracement and key support levels being tested, while remaining a popular cryptocurrency.
Key Points
1. XRP has retreated by almost 15% since peaking at $3.65 on July 18.
2. Over 130 million tokens were moved in 24 hours when the asset dipped last Friday, helping it stay above the $3 support level.
3. Ali Martinez suggests a potential retracement, with $3.15 as a current test level and $3 as the next major defense line.
4. Ripple’s co-founder reportedly sold $140 million worth of XRP, contributing to selling pressure.
5. XRP remains highly reputable and popular, ranking behind BTC and ETH in trading volumes on South Korea’s biggest exchange.
Description
TL;DR After skyrocketing past its old all-time high at $3.4 about ten days ago, Ripple’s cross-border token has been unable to maintain above that level. Its current correction has taken it down to $3.15. However, one analyst believes it’s still not a proper ‘buy-the-dip’ opportunity. If $XRP loses the $3.15 support level, a pullback to $3 becomes likely, which could present a solid buy-the-dip opportunity! pic.twitter.com/peZEkuwtEu — Ali (@ali_charts) July 28, 2025 XRP has retreated by almost ...
Latest News
- RedStone Brings Real-Time Liquidations and Native MEV Capture to Lending Protocols With Atom2025-07-29 14:17:12
- Altcoin Momentum Builds as Market Fragility Rises: Bitfinex Alpha2025-07-29 13:54:57
- Ethereum Price Analysis: How Close Is ETH to Breaking Above $4K?2025-07-29 13:48:05
- Binance Will Temporarily Suspend All Withdrawals and Deposits This Week: Check Out Why2025-07-29 13:26:54
- Can SOL Break $230? These Chart Patterns Say Yes2025-07-29 11:43:30