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4d ago

XRP Pulls Back Toward $2.60 on Bearish Technical Signals

Exchange withdrawals exceeding $88 million highlight holder confidence days before the August 15 SEC appeals report

Ripple bulls lose steam at $2.95 – But THIS $88M shift adds mystery!
Below $3 again, XRP faces heavy pressure – But THIS level can flip the trend
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Overview

  • XRP has fallen about 20% from its July peak to trade near $2.80, breaking key support levels and forming bearish inverted cup-and-handle and moving average breakdowns that threaten a slide toward $2.60.
  • CoinGlass data show more than $88 million of XRP exited exchanges in 48 hours, signaling long-term holder accumulation during the pullback.
  • The XRP ledger processed a record 1.35 billion XRP in daily payments on August 2, underscoring strengthening on-chain utility.
  • Analysts have identified the $2.40–$2.60 range as a high-interest buy zone for potential accumulation ahead of a rebound.
  • Market participants are focused on the August 15 joint status report from the U.S. Court of Appeals as a pivotal regulatory catalyst for XRP’s future direction.