Ripple's XRP plunged 8% within 24 hours, tumbling from a high of $3.17 to a low of $2.90/2.94 during intensified market volatility. The sharpest decline occurred at midnight UTC on August 1, 2025, when XRP fell 3% in one hour with trading volume spiking to 259.21 million units – quadruple the average hourly volume. At press time, XRP marginally recovered to $2.98, though it remains down 5% over the past week with a $174 billion market capitalization.
Analyst CRYPTOWZRD highlighted conflicting signals: a bearish daily close versus a strongly bullish monthly candle. Technical analysis identifies $3.23 as critical resistance, while $2.80-$2.94 serves as crucial short-term support. Breaking $3.30 could catalyze a rally toward $3.65.
On-chain data reveals whale turbulence: large holders sold $28M daily over 90 days, yet 310M XRP (~$1B) was accumulated during the recent correction as exchange balances dropped sharply. Institutional interest persists with BlackRock's Digital Assets Director confirming attendance at Ripple's Swell 2025 conference.