XRP Plummets 8% Amid Market Chaos—Traders Brace for More Turbulence
Ripple's XRP takes a nosedive as crypto markets go haywire—because what’s a summer without a little financial panic?
Market Whiplash Hits XRP Hard
No one’s safe when volatility’s running the show. XRP just got slapped with an 8% loss in 24 hours, leaving traders scrambling. Blame it on the usual suspects: shaky macros, leveraged longs getting liquidated, or maybe just the crypto gods feeling mischievous.
Bankers Still Don’t Get It
Meanwhile, Wall Street’s still trying to 'explain' crypto moves with traditional charts—bless their spreadsheet-loving hearts. Pro tip: when XRP zigzags, your Fibonacci retracements won’t save you.
What’s Next? Probably More Drama.
Buckle up. This ain’t XRP’s first rodeo, and that 8% drop could be a prelude—either to a vicious rebound or a full-blown capitulation. Either way, grab popcorn. The market’s writing checks your portfolio might not cash.
XRP Faces Sharp 24-Hour Decline
Ripple (XRP) dropped 8% in the last 24 hours, sliding from a session high of $3.17 to a low of $2.9. The steepest MOVE came during the midnight trading window on August 1, when the token fell 3% in one hour on 259.21 million units traded, nearly four times its usual hourly volume.
At press time, XRP trades at $2.91 with a 24-hour trading volume of $7.4 million. Over the past seven days, the token is down 5%. Its market capitalization stands at $174 billion, based on a circulating supply of 59 billion XRP.
Analyst Notes Bullish Monthly Candle
Crypto analyst CRYPTOWZRD said the daily candle closed bearish, while the monthly candle finished strongly bullish. He explained that XRP holding above $2.80 remains a bullish area, and a push beyond $3.30 could lead to a rally toward $3.65.
XRP Daily Technical Outlook:$XRP closed bearish. However, the Monthly candle printed strongly bullish. I’ll look for more short-term volatility from here to scalp opportunities. Both Bitcoin and BTC.D will play a role 
pic.twitter.com/wHFIz9S24J
— CRYPTOWZRD (@cryptoWZRD_) August 1, 2025
Intraday analysis shows $3.23 as a key resistance level. Trading above it could support long positions, while a drop below $3 keeps conditions bearish. The analyst expects short-term volatility, with bitcoin and its dominance likely to guide market direction.
Market Structure and Whale Activity
A double bottom pattern may be forming as XRP bounced twice from the same support level. A confirmed break above the pattern’s resistance WOULD open the way for a new attempt at recovery.
On-chain data shows mixed whale behavior. Large holders have sold roughly $28 million worth of XRP per day over the last 90 days.
At the same time, over 310 million XRP tokens, valued at nearly $1 billion, were accumulated during the recent correction as exchange balances fell, showing movement toward off-exchange storage.
