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XRP Falls 8% Below $3 After Hitting Resistance, High-Volume Selloff Signals Weakness

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01-08-2025 - 11:34:38
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Momentum indicators remain skewed bearish, though recovering volume profiles suggest some exhaustion in the sell-off.

 

What to know:

  • XRP declined 8% in 24 hours, with the sharpest drop of 2.7% occurring during the midnight trading window on August 1.
  • Despite the downtrend, institutional buyers absorbed excess supply, leading to a minor recovery to $2.98.
  • Large holders have liquidated $28 million worth of XRP daily, while 310 million tokens have been accumulated during the recent correction.

More >> https://www.coindesk.com/markets/2025/08/01/xrp-falls-8-below-usd3-after-hitting-resistance-high-volume-selloff-signals-weakness

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