XRP price faces 'full pump retrace,' if $2.65 support fails

Key Points

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

2. Whales have sold over 640 million XRP tokens since July 9, totaling approximately $340 million.

3. $2.65 aligns with the quarterly VWAP and 0.50 Fibonacci retracement; a drop below this level could reverse Q3 gains.

4. Analysts note that holding $2.65 is crucial for XRP's bullish structure, with a break below risking further decline.

5. If the 50% Fibonacci retracement holds, XRP could target $4.15 (a new all-time high), but failure may lead to a deeper correction.