Overview

• XRP has declined about 14% from its July 18 high of $3.66, trading near $3.13 as of July 30
• Twenty-four-hour volume surged to roughly $13.7 billion, signaling intensified market activity during the pullback
• Open interest in XRP futures dropped from a peak of $11.2 billion to about $8.57 billion, indicating significant deleveraging
• On-chain data shows whales accumulated approximately 60 million XRP within 24 hours, reflecting buy-the-dip confidence
• Traders are watching $3.05–$3.08 as critical support and $3.20–$3.25 as resistance ahead of the August 18 nano futures launch by Coinbase