XRP’s price dropped over 6% in the last 24 hours to a low of $3.00 before recovering slightly to $3.12. This fall was part of a wider crypto market sell-off that saw over $1 billion in liquidations. The decline was marked by an exceptionally high hourly trading volume of 436.98 million units, the largest this quarter, indicating significant selling pressure. However, strong buying activity late in the session helped stabilize the price.
Despite the short-term volatility, market analysts believe XRP is entering a new phase of expansion. Analyst “Crypto King” suggests that after moving past its “accumulation and manipulation” stages, XRP is now on track for an expansion phase with a price target of $7.
This bullish outlook is supported by on-chain data from Ali Martinez, who reported that large holders have bought approximately 320 million XRP in the past three days, totaling around $1 billion. This institutional buying activity is seen as a key indicator that could reduce future selling pressure and provide a strong foundation for a potential rally. Technical charts also show XRP retesting a key support level, which analysts view as a healthy sign of consolidation before a potential move upward.
August 2025, Cryptoniteuae
