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- XRP price fell 7% in the past 24 hours amid a broader crypto crash to touch lows of $2.90.<\/span><\/li>\n
- Daily trading volume jumped 28% to $8.2 billion as panic selling spread.<\/span><\/li>\n
- XRP\u2019s technical outlook suggests further price declines.<\/span><\/li>\n<\/ul>\n
Ripple\u2019s XRP is one of the top losers in the leading cryptocurrencies by market segment as the cryptocurrency market faces fresh turbulence.<\/p>\n
Amid a broader crypto downturn, the XRP price has fallen 7% in the past 24 hours to touch lows of $2.90.<\/p>\n
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\n <\/a>\n <\/div>\nThis decline below the key level of $3.00 comes as Bitcoin hovers below $115k<\/a> after another aggressive sell-off, with Ethereum, Solana and BNB also paring gains.<\/p>\n
Macroeconomic headwinds and whale sell-offs are likely to drive further volatility across the market, with a bearish flip, bad news for altcoins.<\/p>\n
However, could XRP\u2019s strength see bulls rebound off support to eye new all-time highs?<\/p>\n
XRP price \u2013 bulls fail to hold $3.00 amid crypto downturn<\/h2>\n
In the past 24 hours, XRP\u2019s price has dropped from highs of $3.18 to lows of $2.90 across major exchanges.<\/p>\n
While the 7% dip aligned with other top 10 coins, it\u2019s notable that XRP slipped below the critical $3.00 threshold.<\/p>\n
Daily trading volume rose 28% to over $8.2 billion, reflecting the level of panic selling that XRP has seen in the past 24 hours.<\/p>\n
As noted, Ripple\u2019s XRP dipped amid Bitcoin\u2019s notable drop to lows near $114k.<\/p>\n
Increased whale selling, in recent weeks, from long-dormant coins, combined with overall macroeconomic headwinds, to scattered bulls\u2019 plans.<\/p>\n
Per Coinglass data<\/a>, these declines have led to total liquidations across the crypto market jumping 79% to more than $758 million in 24 hours.<\/p>\n
ETH led with over $229 million in leveraged positions wiped out, and BTC saw $179 million in forced exits.<\/p>\n
On the other hand, XRP accounted for $41 million, with most of these long positions totalling over $40 million.<\/p>\n
A surge in liquidations, particularly, could fade bullish sentiment and allow bears to target lower levels.<\/p>\n
The declining open interest, which fell 10% to $7.77 billion, hints at the reduced speculative activity.<\/p>\n
Ripple price prediction<\/h2>\n
XRP\u2019s technical outlook suggests price is revisiting a key support area, highlighted on the chart below.<\/p>\n
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/XRPUSD_2025-08-01_14-00-07.png\")
XRP price chart<\/a> by TradingView<\/figcaption><\/figure>\n On the daily chart, the Relative Strength Index (RSI) stands at 48 after retreating from overbought levels, and its dip suggests a potential continuation of the bearish momentum.<\/p>\n
Furthermore, the Moving Average Convergence Divergence (MACD) shows a bearish crossover.<\/p>\n
The histogram bars forming below the zero line indicate weakening momentum as bears strengthen.<\/p>\n
If XRP price breaks below a break below $2.73, bears could accelerate the slide toward the $2.00 psychological support level.<\/p>\n
On the flipside, a recovery above $3.00 could signal renewed momentum and allow bulls to target $3.55 and then $4.<\/p>\n
- Daily trading volume jumped 28% to $8.2 billion as panic selling spread.<\/span><\/li>\n