Crypto darling XRP under pressure, price dips below $3 - what's causing the drop, is a massive selloff coming?

Time of India

6 days ago

XRP price drop below $3 has shocked investors, triggering fresh concerns about a potential massive selloff. The crypto darling lost over 8% in just 24 hours after facing resistance near $3.17 and heavy insider and whale selling. Ripple co-founder Chris Larsen's $175 million XRP movement raised more red flags, while profit-taking and weak market sentiment added pressure. Still, strong support at $2.94 could protect it from deeper losses. Analysts see a possible rebound if XRP closes above $3 soon. Is this a correction or the start of something bigger?
XRP price drops below $3 after heavy selling by whales and Ripple insiders. With support near $2.94 under threat, investors are watching closely. Will XRP rebound or crash further? Explore the technical breakdown, long-term forecast, and insider activity in this data-backed crypto market update.
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Why did XRP fall below $3? Here's what's really driving the drop
1. XRP faced strong resistance and failed to break out
2. Whales and insiders are offloading XRP
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3. Profit-taking near peak levels added to the pressure
4. Broader crypto market weakness played a role
Is a massive XRP selloff coming next?
What is the short-term XRP price prediction?
Support zone to watch : $2.94–$2.95
: $2.94–$2.95 Immediate resistance : $3.02–$3.05
: $3.02–$3.05 If XRP can reclaim and close above $3.03 , analysts say a short-term bounce toward $3.23 and possibly $3.82 could unfold.
, analysts say a short-term bounce toward $3.23 and possibly $3.82 could unfold. But if sellers continue to dominate, we may see a drop below $2.80, especially if Bitcoin and the broader market weaken.
What is the long-term outlook for XRP in 2025 and beyond?
If XRP closes above $3.03 monthly , it could signal the start of a major uptrend , with potential price targets between $7 to $11 in the next few months.
, it could signal the start of a , with potential price targets between in the next few months. Certain long-term technical models project XRP reaching as high as $24 , especially if global crypto adoption increases and Ripple's ecosystem continues expanding.
, especially if global crypto adoption increases and Ripple's ecosystem continues expanding. However, this bullish scenario depends on XRP holding above key support levels, avoiding further insider dumping, and a general return of bullish momentum across crypto markets.
Should you be worried or stay calm?
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Short-term traders should watch for signs of stability above $2.94.
should watch for signs of stability above $2.94. Long-term investors may view this dip as a buying opportunity if the fundamentals and technicals improve.
may view this dip as a buying opportunity if the fundamentals and technicals improve. The key to watch now is whether XRP can reclaim $3 and build support above that level going forward.
FAQs:
as the cryptocurrency tumbled over, dropping from a high of $3.17 to around $2.94. The sharp fall came after heavy whale and insider selling, including a $175 million XRP transfer by Ripple co-founder Chris Larsen. High trading volumes and failure to break key resistance added to the pressure.The sudden fall in XRP's price below the critical $3 mark isn't just about market noise—it's the result of a combination of technical factors, whale activity, and broader market sentiment. Here's what we know:XRP recently attempted to break through the, but failed to gain momentum. After reaching a local high of around, it reversed sharply and dropped as much as. According to Coindesk, this drop was accompanied by unusually high trading volume—almost four times the average—signaling a wave of profit-taking and panic selling.Data reveals that large XRP holders (whales) and insiders have been selling off massive amounts of tokens. Ripple co-founder Chris Larsen reportedly moved $175 million worth of XRP, with around $140 million landing directly on exchanges. This kind of insider activity tends to spark fears among retail investors, often leading to a chain reaction of selling.More thanduring its recent surge to the $3.60+ range. This triggered a wave ofas short-term traders looked to cash out before another dip. This is a common behavior in crypto markets when assets near multi-year highs.XRP's decline wasn't isolated. The overall crypto market saw red after renewedtriggered a broader 'risk-off' sentiment. Investors pulled out of volatile assets—including cryptocurrencies—in favor of safer bets, contributing to XRP's decline.Right now, the pressure on XRP is undeniable—but is this the start of something bigger?While theand high-volume panic dumps point to short-term bearishness, there's also evidence thatare stepping in at current price levels around, trying to defend support.If XRP holds above the key $2.94 support zone, it may avoid a total collapse. But if that level fails, it could trigger a deeper correction toward the. So, while a full-on crash isn't confirmed yet, the risk of further downside remains real.In the coming days to weeks, XRP's next moves will depend heavily on two things:and whether new buyers show up to support the price.Despite the short-term turbulence, several top crypto analysts remain bullish on XRP's long-term potential. Some even see this dip as a healthy reset before a much larger rally. Here's what they're saying:There's no denying that XRP's recent price drop below $3 has shaken confidence. But zooming out, this kind of volatility is common in crypto—especially after strong rallies.For now, the pressure is real—but so is the potential for a powerful comeback if the market stabilizes.XRP fell below $3 due to whale selling, insider transfers, and failing to break resistance near $3.17.A full crash isn't confirmed, but risks remain if XRP fails to hold above $2.94.XRP could bounce to $3.23 if it reclaims $3, else may dip toward $2.65.Analysts predict XRP could hit $7–$11 if momentum returns and selling stops.If XRP holds $2.94 support, it may be a buying opportunity for long-term holders.