XRP Price Drops Despite Proshares ETF Launch—What’s Really Going On?

XRP defies bullish ETF logic with an unexpected price slump—because crypto markets love irony almost as much as Wall Street loves fees.

Proshares’ shiny new ETF should’ve been a rocket booster for XRP. Instead, traders got a lesson in how crypto assets laugh at ‘should’ve.’

The ETF Paradox

Institutional access via ETF? Check. Regulatory clarity after years of SEC battles? Mostly check. Price surge? Crickets. Classic crypto moves.

Whale Watching

On-chain data shows big holders quietly dumping while retail FOMO’d into the ETF news. The oldest play in the book—just with blockchain receipts.

Macro Headwinds

Bitcoin’s struggling to hold $60K, Fed minutes hint at rate hikes, and suddenly ‘digital asset’ sounds riskier than a Vegas roulette table.

Next support level? Probably wherever the last ‘buy the dip’ tweet gets ratioed into oblivion. Stay nimble out there.

Despite rallying over 27% in the past week and briefly reclaiming the $3 mark on July 14, the token has pulled back to around $2.86, sparking fresh speculation about market manipulation and whale behavior.

Also Read : Ripple price prediction As as ProShares XRP ETF Launches on July 18

XRP Price Slips Despite Strong Weekly Rally

XRP Price surged nearly 30% last week but faced strong resistance between $3.00–$3.02. The failed breakout triggered widespread, cooling momentum assurged to a six-month high.

• Current Price: ~$2.86
  
• Weekly Gain: +27%
  
• Resistance Zone: $3.00–$3.02
  
• Support Levels: $2.60–$2.80

Despite the pullback, some analysts remain bullish.forecasts a, whilesuggests that acould trigger a breakout toward.

$XRP is screaming all-time highs. Are you seeing this? pic.twitter.com/fWKQUESNqQ

Is XRP Being Suppressed? The Theory Resurfaces

, co-founder of Black Swan Capitalist, believes the xrp price is being deliberately suppressed by large institutions, he claimed:

“XRP can’t even stay above $3 because it threatens everything.”

According to Aljarrah, XRP’s unique—especially its ability to enable—poses a serious threat to traditional financial systems. He implies that maintaining the status quo benefits entities invested in slow, high-fee global payments, and therefore suppressing XRP becomes strategic.

Thisis not new. Many XRP holders have long pointed to:

• Ripple’s monthly escrow unlocks
  
• Algorithmic trading patterns
  
• Ongoing regulatory scrutiny

as tactics that limit the token’s price discovery.

On-Chain Data Shows Whale Confidence Growing

Despite the pullback, on-chain metrics point to increasing confidence among large holders.

• Whale wallets (holding over 1 million XRP) have surged to 2,743+
  
• These wallets collectively control over 47 billion XRP
  
• Data shows steady accumulation during dips, hinting at strong long-term belief in XRP’s fundamentals.

This increase in whale activity suggests that major investors are positioning themselves for a.

Volatility Spikes: What’s Next for XRP?

XRP’s, suggesting ain either direction this week. While price action remains choppy, the setup looks promising if XRP can break through resistance with volume.

Key Scenarios to Watch:

Final Thoughts: Is XRP Ready for a Major Rally?

The XRP community is split. Some see this dip as, while others argue it’s just. Withunderway and macro factors in play, the stage is set for a decisive move.

, expect heightened volatility and mixed sentiment. But if volume confirms a breakout, XRP could aim for $4–$6 in the NEAR term, potentially even higher if whale accumulation continues and market sentiment improves.

FAQ

XRP dropped below $3 due to strong profit-taking near resistance and rising market volatility.

Some analysts and XRP supporters believe institutional actors suppress the price to limit its disruptive potential in finance.

Analysts like Peter Brandt and Ali Martinez foresee a rally to $4.47–$4.80 if XRP closes above $3 with volume.

Yes, wallets holding over 1 million XRP have surged, now controlling over 47 billion tokens—indicating long-term confidence.