XRP Struggles to Break $3.00 Support Amid Market Pullback
XRP/USD has faced significant resistance at the $3.66 level, leading to a sharp 10% pullback—its largest daily loss since early March. Overbought conditions and bearish divergence in Stochastic indicators have triggered aggressive profit-taking, with the cryptocurrency now testing the $3.00 support zone. The repeated rejections at higher levels, marked by double Doji candles, suggest a potential reversal in the short term. As of July 26, 2025, traders are closely watching whether XRP can hold this critical support or if further downside is imminent.
XRP Faces Strong Resistance at $3.00 Support Zone After Sharp Pullback
XRP/USD extended its pullback from a recent high of $3.66, dropping over 10% in its largest daily loss since March 3. Repeated failures at the $3.66 resistance level, marked by strong upside rejections and double daily Doji candles, signaled a reversal. Overbought conditions on the daily chart, coupled with bearish divergence in Stochastic indicators, triggered aggressive profit-taking.
The Thursday morning sell-off breached the critical $3.00/$2.90 support zone—a confluence of psychological levels, the 38.2% Fibonacci retracement, and the ascending 20-day moving average. However, buyers emerged at this level, forming a daily candle with a long lower wick. This price action suggests potential reversal momentum, supported by bullish daily studies including a recent golden cross formation between the 55-day and 200-day moving averages.
A decisive close above $3.00 WOULD signal a bear trap and set the stage for a retest of the 23.6% Fibonacci level at $3.2506. Such a move would position XRP for another assault on the $3.66 high, with $4.00 emerging as the next psychological target. Conversely, failure to hold $3.00 risks deeper correction and would force near-term bulls to reconsider their positions.
Upbit’s XRP Move Sparks Panic, Triggers 15% Price Drop
Ripple's XRP plunged 15% to $3.05 after Upbit executed a market sell of 75 million tokens, overwhelming thin order books. The Korean exchange's aggressive offloading disrupted XRP's rally from last week's $3.65 peak, though whale wallets absorbed 280 million XRP during the dip—signaling institutional accumulation beneath the volatility.
Trading volume surged to $14.2 billion as analysts flagged $3 as critical support. A hold above this level could fuel momentum toward $15, but the episode underscores how shallow liquidity amplifies price swings when major exchanges act.
Brazil’s VERT Launches $130M Tokenized Credit Platform on XRP Ledger
Brazilian securitization firm VERT has introduced a blockchain-powered private credit platform on the XRP Ledger, marking its debut with a R$700 million ($130 million) issuance of an Agribusiness Receivables Certificate (CRA). The platform leverages the XRP Ledger and its ethereum Virtual Machine-compatible sidechain to enable real-time, on-chain tracking of loan events, cash flows, and payments.
VERT aims to bring transparency and traceability to Brazil’s $200 billion private credit market. The system combines blockchain transparency with the resilience of off-chain infrastructure, bridging traditional finance and decentralized networks. "We are enabling operation events to be recorded in the most granular way possible, ensuring traceability and transparency," the company stated.
Ripple CEO Warns of Escalating YouTube Scams Targeting XRP Holders
Ripple CEO Brad Garlinghouse has issued a stark warning about sophisticated YouTube scams impersonating the company. Fraudsters are hijacking high-subscriber accounts—some boasting 176,000 followers—to promote fake 100 million XRP giveaways, leveraging Ripple's branding for credibility. The official Ripple YouTube channel, by contrast, maintains just 81,900 subscribers.
Community member Xtina George exposed the operation on X, noting scammers rapidly deploy new advertisements despite takedowns. Ripple's official account confirmed these scams involve account takeovers and profile alterations, reiterating that neither the company nor executives will ever solicit XRP transfers.
The surge mirrors a broader crisis in crypto security, with over $2 billion lost to hacks and fraud in H1 2025. Garlinghouse attributes the targeting to XRP's renewed market momentum, urging vigilance and prompt reporting of suspicious activity.
XRP Price Forms Double Top, Signaling Potential Downturn
XRP's recent rally, which brought it close to its all-time high of $3.8, appears to be losing momentum. Despite bullish developments for Ripple and the altcoin, failure to breach new highs suggests weakening strength. Crypto analyst Tradersboat highlights a concerning double-top formation on the chart, a classic reversal pattern often preceding a crash.
The double top emerged NEAR $3.6, just below XRP's peak, indicating buyer exhaustion and external liquidity taps. While one final upward sweep toward $3.7 remains possible to capture overhead liquidity, the Break of Structure (BOS) further confirms growing bearish pressure. These technical developments paint a cautious picture for XRP's near-term trajectory.
Upbit-Driven Sell-Off Triggers 15% XRP Plunge
XRP tumbled more than 15% on July 23 as concentrated selling pressure erupted on South Korea's Upbit exchange. Independent analyst Dom's order book heatmaps reveal over 75 million XRP dumped at market prices within 24 hours, with cumulative volume delta data showing near-exclusive downward momentum from Upbit's purple CVD line.
While major exchanges like Binance and Coinbase showed relatively flat CVD trends, Upbit's aggressive selling overwhelmed thin order books. The liquidity vacuum amplified price movements, with visible bids clustering below key levels as XRP collapsed from $3.50 to $3.10 ranges. "The pump AND dump was brought to you by Upbit," Dom noted, highlighting how depleted market depth exacerbated the sell-off's velocity.
