XRP in Freefall? $840 Million Dump Threatens to Crush $3 Support

XRP teeters on the edge as whales unload $840 million—will the $3 floor hold or trigger a cascade?

The sell-off no one's talking about (but should be)

While 'stablecoin' apologists nap on their yield farms, XRP just bled out nine figures in a single move. Market makers didn't even bother hiding the orders—just dumped it straight into the abyss.

Technical carnage ahead?

That $3 level isn't just psychological. It's the last bastion before liquidity turns to vapor. Break that, and even the HODL memes won't stop the slide.

Funny how these 'institutional-grade' assets still trade like penny stocks when the suits get spooked. Maybe SEC was right about one thing—just not the thing they thought.

XRP Investors Are Selling

The Net Realized Profit/Loss indicator shows a significant $845 million worth of sell-offs in the last 24 hours, marking one of the highest single-day sell-offs this month. This high selling volume suggests that many XRP investors are still uncertain about the coin’s stability.

XRP’s price fluctuations reflect broader investor concerns about the coin’s short-term trajectory.  The uncertainty is prompting many to secure their profits, especially as the altcoin struggles to push back toward its ATH of $3.66.

XRP’s macro momentum is being heavily influenced by the recent uptick in Liveliness, which tracks the movement of long-term holders (LTHs). Currently, Liveliness is at a four-month high, signaling that many long-term holders are selling their XRP. This shift from accumulation to distribution can have a negative impact on the price, as LTHs typically have a significant influence on XRP’s value.

When Liveliness increases, it suggests that XRP holders are capitalizing on the recent gains, which could lead to further selling pressure. If this trend continues, XRP could face downward pressure, with the risk of breaching the psychological support level of $3.00.

XRP Price Needs To Hold On

XRP is currently trading at $3.13, holding just above the support level of $3.00. Although this support has not been frequently tested, it remains a crucial level for the altcoin. Should XRP fail to maintain this level, further downside pressure could push it below $3.00, potentially targeting $2.65.

Given the current market dynamics and the sell-off pressure from investors, XRP’s price is likely to face further downward momentum. If the support at $3.00 is lost, it could create further selling pressure.

However, if the broader market exhibits bullish signals and investor sentiment shifts, XRP could reclaim its bullish trend. A break above the $3.41 resistance level WOULD signal a potential return to upward momentum, bringing the coin closer to its ATH of $3.66.