XRP’s Market Correction: Healthy Reset or Prelude to Further Decline?

XRP experienced a sharp retracement after reaching $3.65, erasing $1.3 billion in leveraged positions in what analysts are calling a market reset. The cryptocurrency has pulled back to $3.09, marking a 14% weekly decline, with critical support levels now being watched at $2.80 and $2.50. Volume-weighted average price (VWAP) indicators suggest potential downside support near $2.86 and $2.50. A significant sell-off of 75 million XRP on Upbit exacerbated the drop, triggering $90 million in long liquidations. This article explores whether this correction is a healthy market reset or the beginning of deeper troubles for XRP.

XRP’s Sharp Drop: A ‘Healthy Reset’ or Start of Deeper Trouble?

XRP retraced sharply after rallying to $3.65, wiping out $1.3 billion in Leveraged positions in what analysts describe as a market reset. The pullback to $3.09 represents a 14% weekly decline, with key support levels at $2.80 and $2.50 under scrutiny.

Volume-weighted average price (VWAP) indicators suggest potential downside cushion NEAR $2.86 and $2.50. A 75 million XRP sell-off on Upbit triggered $90 million in long liquidations, adding pressure to the correction.

The MOVE follows XRP's breakout above its 2018 high, with the $3.00 level now acting as support. Market observers view the leverage flush as necessary after the asset's rapid ascent.

Ripple Co-Founder Offloads $200 Million XRP In 10 Days—What’s Left?

Ripple’s executive chairman Chris Larsen has accelerated his distribution of personal XRP holdings, moving approximately $200 million worth of the cryptocurrency over a 10-day span. Blockchain data reveals Larsen transferred 57 million XRP, with $140 million funneled to exchanges. The sales coincided with XRP’s pullback from a local high of $3.66, sparking criticism from on-chain analysts who labeled retail traders as "exit liquidity."

Despite the sell-off, wallets linked to Larsen retain a staggering 2.81 billion XRP—valued at $8.4 billion at current prices. The transactions underscore the market impact of concentrated holdings, particularly when founders unlock value during price rallies. XRP stabilized above $3 after briefly dipping to $2.95, demonstrating resilience amid the supply overhang.

XRP Price Climbs Amid Declining Volume as Market Sentiment Shows Divergence

Ripple's XRP edged higher to $3.09, marking a 1.43% gain despite a 36% plunge in trading volume. The divergence between price action and liquidity signals potential weakening momentum, with $10.46 billion in XRP changing hands. Over the past week, the token remains bullish with a 12.58% rally, pushing its market capitalization to $183.1 billion.

Market movers include Maple Finance and Ethena among top gainers, while Pump.fun and Jupiter led decliners. The volume contraction typically precedes trend reversals, suggesting traders should monitor for confirmation of either continuation or correction patterns.

XRP Longs Liquidated on Binance Amid Ripple Co-Founder's Alleged $140M Sell-Off

Ripple's XRP faced significant selling pressure this week as long positions were liquidated en masse on Binance. The downturn followed allegations by on-chain investigator ZachXBT that Ripple co-founder Chris Larsen moved 50 million XRP—worth approximately $175 million—to various addresses, with an estimated $140 million funneled to centralized exchanges.

The transfers coincided with a sharp price decline for XRP, which had surged over 50% in a week to reach a record $3.65 on July 18. Market participants now scrutinize whether internal selling contributed to the reversal. Larsen-linked wallets reportedly still hold 2.8 billion XRP, valued at roughly $8.4 billion.

Ripple Co-Founder's $175M XRP Transfer Triggers Market Correction

Ripple's XRP faced significant selling pressure after co-founder Chris Larsen moved 50 million tokens worth $175 million during its July bull run. The altcoin had just reached a record $3.65 on July 18th, achieving a $215 billion market capitalization before the transfers began.

Blockchain investigator ZachXBT traced the outflows to three exchange-linked wallets and two newly created addresses. A $30 million transfer to Coinbase at peak prices suggested immediate liquidation. The sell-off coincided with a 15% weekly price decline and $7.3 million in long position liquidations on Binance.

Exchange reserves for XRP have been climbing since May, according to CryptoQuant data. This accumulation of sell-side liquidity exacerbated the token's 10.3% single-day drop on July 23rd during broader market weakness.

GENIUS Act and IOTA Miner Drive Innovation in Cryptocurrency Sector

The U.S. GENIUS Act has set a new benchmark for digital asset regulation, mandating stablecoin issuers to maintain full asset backing with U.S. Treasury bonds and dollars. This move reinforces dollar hegemony while creating a compliant framework for blockchain innovation. "The GENIUS Act will make the United States the undisputed leader in the field of digital assets," asserts the legislation's proponents, anticipating significant capital inflows.

Across the Atlantic, UK-based IOTA Miner capitalizes on this regulatory tailwind with its AI-driven cloud mining platform. Operational since 2018, the company combines green energy solutions with automated mining protocols. Its newly launched free tier service has attracted substantial investor interest, particularly among XRP-focused portfolios seeking diversified exposure.