XRP's Bull Run Over at $3.65? What’s Needed for a Revival?

By: WEEX|2025/08/06 08:46:09

Key takeaways:

XRP saw the third-largest long liquidation on Binance this year.
The higher time frame trend stays bullish, with bulls defending the $2.95–$3.00 support.
XRP hit its highest daily and weekly close above $3.45 last week but has since fallen nearly 10%.
Wednesday’s 10.33% drop was XRP’s sharpest daily decline since April 6.

Futures open interest (OI) plunged 16.8% to $9.10B from $10.94B, signaling leveraged traders may be exiting or facing liquidations, reducing short-term speculative momentum.

XRP faces the third-largest liquidation of 2025

XRP's recent price drop coincides with increased whale movements and massive long liquidations. Blockchain data reveals a wallet linked to Ripple co-founder Chris Larsen transferred over 50 million XRP ($140M) to exchanges, with outflows accelerating since mid-July—peaking at 84 million XRP last Friday before dipping to 42 million on Thursday.

This sell pressure contributed to Binance's third-largest XRP long liquidation event this year, erasing ~$86M in leveraged positions within hours. Despite the turbulence, whale accumulation persists—2,743 wallets now hold 1M+ XRP each, totaling 47.32B tokens (4.4% of supply).

However, CryptoQuant data signals a potential shift: XRP’s 90-day whale flow average has turned negative, hinting at large-holder distribution. Notably, this metric flipped bullish in early May, preceding XRP’s rally—its current reversal may now indicate a local top.

Can XRP bulls defend this key level?

While XRP has retreated 10% this week, its higher timeframe bullish trend remains firm, supported by last week's multi-month peak. The $2.95-$3.00 zone now serves as critical support, with Thursday's dip briefly sweeping liquidity just above this level.

A decisive move above $3.25 could confirm a bullish reversal on lower timeframes, potentially cementing $2.95 as a local bottom. However, sustained selling pressure may push XRP toward the next liquidity pool at $2.66-$2.86.

The $2.64 level - previously a multi-week resistance in Q2 - now stands as major support, potentially acting as a demand zone. Bulls maintain control unless consecutive closes below both $3.00 and $2.64 occur, which would signal a potential trend reversal and open the door for deeper downside.

XRP's Bull Run Over at $3.65? What’s Needed for a Revival?

XRP faces the third-largest liquidation of 2025

Can XRP bulls defend this key level?

-- Price

You may also like

Futu Penalty Shock Exposes Brokerage Risk — Why WEEX TradFi Fits Traders Who Want Faster Global Market Access

Futu Gets Penalized and FUTU Stock Drops: Why Traders Are Turning to WEEX TradFi for Global Market Exposure

Futu Stock Drops After China Crackdown: Why FUTU Shares Fell and What Investors Should Watch in 2026

What is BitClassic (B2C) Crypto? The Experimental hard fork of Bitcoin

Oil Crypto Price Prediction 2026: COAR vs USOR vs GDOR vs WCOR, Which Will Be the Highest Oil Crypto?

Is Rovetan (RVN) Crypto A Scam? Is It A Claude-Coded Fake Website?

Where Can I Buy Rovetan (RVN) Crypto? Is It Worth Buying Now?

What is Rovetan (RVN) token and How Does It Work?Latest RVN Guide

What Is $America250 Token? Huge Gains or Dangerous Meme Coin Scam?

GDOR Coin Explained: Price Surge, Oil Narrative, and Solana’s Global Digital Oil Reserve Token

COAR vs WCOR: How Two Oil Narrative Tokens on Solana Stack Up

ROAF vs COAR: Two Oil Narrative Tokens Compared on Solana

What Is Modern American Gas Asset Crypto? MAGA Oil Narrative Explained

What Is Chinese Oil Asset Reserve (COAR)? Solana Oil Narrative Token Explained

How to Buy Mom Trust Fund Reserve (MTFR): Legit Opportunity or High-Risk Trap?

How to Buy COAR Crypto and When to Sell for Maximum Gains

What Is Global Digital Oil Reserve (GDOR) Coin? Can It Really Explode Like GDER?

What Is SAOS? Strategic American Oil Supply Token Explained