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- Vignesh S G
Vignesh S G
- Reviewed by:
Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 26, 2025 08:27 UTC
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XRP Tumbles After Hitting $3.66 High — Is a Recovery in Sight?
XRP dives 13.65% amid liquidation panic, but $3.06 support holds firm. ETF decision today could spark a major reversal.
XRP treasury initiatives and spot ETF buzz fuel long-term optimism, despite short-term volatility and exchange flash crash.
Since July 22, the XRP market has declined by 13.65%, with selling pressure intensifying. Despite the sudden plunge, support levels between $3.06 and $3.10 have remained resilient, signaling potential price stabilization in the near term.
With new XRP-based treasury initiatives launching and regulatory uncertainty over ETF approvals mounting, traders and analysts are closely watching for signs of a rebound.
XRP Price Action: Surge Followed by Sharp Decline
At the beginning of July, XRP was trading near $2.17. Over the next week, it ranged between $2.14 and $2.35. On July 9, the price broke above this zone with a 3.95% daily gain. Between July 9 and 21, XRP surged by 53.68%, supported by a strong uptrend and over 10 consecutive green candles.
However, on July 22, heavy liquidation pressure—triggered by over $100 million in long positions—led to a sharp 13.65% decline. According to on-chain data from CryptoQuant, many of these liquidations were the result of profit-taking near strong resistance levels.
Key Technical Levels: Resistance and Support Zones
XRP reached a recent high of $3.66 on July 18. Technical charts highlight strong resistance between $3.24 and $3.26 and critical support between $3.06 and $3.10.
In recent hours, XRP tested both zones multiple times. At the time of writing, XRP trades at $3.08—approximately 0.64% above the nearest support.
Notably, a flash dip was recorded earlier, briefly pushing XRP to $0.03 on select exchanges before recovering. Analysts believe this was due to isolated exchange issues rather than organic price action.
Institutional Developments Fuel Long-Term Optimism
Recent announcements underscore institutional interest in XRP:
- Nature’s Miracle, a U.S.-based company, launched a $20 million XRP treasury initiative, marking one of the first corporate reserve strategies based on the token.
- VERT, a Brazil-based fintech firm, introduced a $130 million blockchain solution on the XRP Ledger, targeting tokenized credit applications.
These moves highlight XRP’s growing use case in treasury and real-world financial systems, reinforcing its role in next-gen financial infrastructure.
While current price movement may suggest declining interest, analysts from Messari and CoinShares suggest this is likely temporary and linked to ETF decision delays rather than a fundamental loss of faith.
XRP Spot ETF: What’s at Stake?
The U.S. SEC has already approved a futures-based XRP ETF. However, multiple applications for a spot XRP ETF—most notably the REX-Osprey filing—are still under review.
According to Bloomberg ETF analysts, there’s a 95% chance of spot XRP ETF approval by 2025. A key regulatory decision is expected today, which could act as a short-term catalyst.
What Comes Next for XRP?
Experts, including Matthew Sigel from VanEck and market analysts at Glassnode, suggest that XRP must hold above $3.06 for potential recovery. A sustained bounce above $3.15 could encourage institutional re-entry and retail confidence.
Price movement over the next few days will likely hinge on:
- Outcome of spot ETF decisions
- Recovery of Bitcoin and broader altcoin market
- Further on-chain buying by whale wallets
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FAQs
The drop was triggered by over $100 million in long position liquidations, driven by profit-taking at resistance levels.
Support lies between $3.06 and $3.10; resistance is seen around $3.24–$3.26.
Not yet. A futures-based ETF exists, but the SEC is reviewing spot ETF filings, with a decision expected shortly.
XRP may be worth investing in for those seeking legal clarity and exposure to institutional crypto adoption.
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