XRP Shows Signs of Recovery Amid Market Volatility – Can It Sustain the Momentum?

XRP price is displaying early signs of a potential bullish reversal after dipping below the $3.20 support level. A break above the $3.120 resistance trend line on the hourly chart hints at upward momentum, though the token remains below key psychological and technical levels. The recovery follows a 76.4% retracement from its recent swing high of $3.330, raising questions about its ability to sustain gains in a volatile market.

XRP Price Starts Recovery Move – Will It Lead to a Bullish Reversal?

XRP price shows tentative signs of recovery after dipping below the $3.20 support level. A break above the $3.120 resistance trend line on the hourly chart suggests potential for upward momentum, though the token still trades below both the $3.20 psychological level and the 100-hourly SMA.

The recovery attempt follows a 76.4% retracement of the recent swing from $3.004 to $3.330. Market observers note XRP's underperformance compared to Bitcoin and ethereum during this correction phase. The $3.080 level now serves as critical support, with resistance expected near $3.170 before a possible retest of $3.20.

George Jones’ Widow Allegedly Loses $17 Million in XRP to Ex-Boyfriend

Nancy Jones, widow of country music icon George Jones, has reportedly been defrauded of $17 million worth of XRP. The alleged perpetrator, her 58-year-old ex-boyfriend Kirk West, was arrested at Nashville International Airport on July 24 following a theft report filed by Jones.

Court documents reveal West allegedly stole 5,534,307 XRP tokens and $400,000 in cash from a safe in Jones' home. The cryptocurrency was valued at over $17 million at the time of reporting. While most of the digital assets were recovered, approximately 400,000 XRP (worth $1.2 million) remain missing.

West faces a Class A felony charge for theft exceeding $250,000, with bail set at $1 million. This incident follows West's 2026 guilty plea for bank fraud, underscoring a pattern of financial misconduct.

XRP Finds Support at $3.080 After Fibonacci Retracement Test

XRP's price action diverged from broader market trends as it breached multiple support levels, including $3.250 and $3.220, before testing the 76.4% Fibonacci retracement level NEAR $3.080. The cryptocurrency's recovery gained traction after breaking above a bearish trend line at $3.120, though technical indicators remain mixed.

The correction saw XRP underperform against Bitcoin and Ethereum, dropping below the 50% retracement level of its recent upward move. Bulls emerged near the $3.080 support zone, which aligns with the 76.4% Fibonacci level of the prior rally. Current trading remains below both the $3.20 psychological level and the 100-hour moving average.

Market participants are watching the $3.20 resistance level closely. A decisive breakout could open the path toward $3.250 and potentially test the $3.330 high. The RSI's position above 50 suggests some bullish momentum, though the MACD's bearish divergence warrants caution.

Ripple Whales Continue Accumulating XRP Despite Market Volatility

Ripple whales have intensified their accumulation of XRP, purchasing 60 million tokens worth approximately $180 million in a single day. This follows a broader trend of large-scale acquisitions, including 2.2 billion XRP scooped up earlier in July during a price surge to $3.6.

Market dynamics reveal a calculated strategy: whales capitalized on the recent dip below $3, acquiring an additional 130 million tokens. Such sustained buying pressure reduces circulating supply while signaling confidence to retail investors.

Despite these developments, XRP's price remains disconnected from whale activity. The token's failure to rally suggests complex market forces at play, including lingering regulatory uncertainty and mixed signals from Ripple's leadership.

2 Cryptocurrencies Predicted to Surge Up to 324% by 2028: Wall Street Analyst's Bold Forecast

Geoff Kendrick, a prominent Wall Street analyst, has identified XRP and another leading digital asset as high-growth candidates poised for significant appreciation. The projection hinges on institutional adoption and technological utility in cross-border payments.

XRP, Ripple's bridge currency, receives particularly aggressive targets—$5.50 by 2025, scaling to $12.50 by 2028. Such appreciation would elevate it past Ethereum in market capitalization. Kendrick cites regulatory clarity and banking sector integration as key catalysts.

XRP Faces Price and Volume Decline Amid Market Shifts

Ripple's XRP dipped 1.08% to $3.12, with trading volume plunging nearly 18% to $5.76 billion. The simultaneous retreat in both metrics suggests weakening trader interest, potentially foreshadowing a trend reversal despite XRP's 10.33% weekly gain. Market capitalization now stands at $184.95 billion.

Meanwhile, Four and XDC Network emerged as top performers, while Conflux and Celestia led losers. The broader crypto market continues reacting to macroeconomic pressures and project-specific developments.