XRP Price Faces Critical Support at $2.65 Amid Whale Exits and Potential Market Correction

Key Points

1. XRP has dropped 19% in three weeks, facing resistance at $3.10-$3.00 and support at $2.65.

2. Whales have offloaded over 640 million XRP tokens since July 9, impacting market sentiment and price stability.

3. The $2.65 level aligns with the quarterly VWAP and 0.50 Fibonacci retracement; a drop below could undo the Q3 rally.

4. Holding above $2.65 is crucial for maintaining bullish momentum, while failure to do so risks slipping back into previous price ranges.

5. XRP's current price action is heavily influenced by whale activities and market sentiment.