---
title: "Ripple’s XRP Tanks 8% in 24 Hours as Market Volatility Grips Traders"
url: https://diffcoin.com/ripples-xrp-tanks-8-in-24-hours-as-market-volatility-grips-traders/
description: "XRP fell 8% to $2.91, testing key supports at $3.02 and $2.80 as whales sell and short-term volatility increases."
published: 2025-08-01
updated: 2025-08-01
author: "Mila"
site: "Diffcoin"
---

# Ripple’s XRP Tanks 8% in 24 Hours as Market Volatility Grips Traders

**TL;DR**

- XRP fell 8% to $2.91, facing heavy selling as hourly volume spiked sharply.
- Whales sold $28M daily, after 310M XRP were accumulated ahead of the recent rally. Exchange balances had also declined recently.
- Analysts see $3.23 as key resistance and $2.80 as a crucial short-term bullish zone.

## **XRP Faces Sharp 24-Hour Decline**

Ripple (XRP) dropped 8% in the last 24 hours, sliding from a session high of $3.17 to a low of $2.9. The steepest move came during the midnight trading window on August 1, when the token fell 3% in one hour on 259.21 million units traded, nearly four times its usual hourly volume.

At press time, XRP trades at $2.91 with a 24-hour trading volume of $7.4 million. Over the past seven days, the token is down 5%. Its market capitalization stands at $174 billion, based on a circulating supply of 59 billion XRP.

## **Analyst Notes Bullish Monthly Candle**

Crypto analyst CRYPTOWZRD said the daily candle closed bearish, while the monthly candle finished strongly bullish. He explained that XRP holding above $2.80 remains a bullish area, and a push beyond $3.30 could lead to a rally toward $3.65.

> XRP Daily Technical Outlook:[$XRP](https://twitter.com/search?q=%24XRP&src=ctag&ref_src=twsrc%5Etfw) closed bearish. However, the Monthly candle printed strongly bullish. I’ll look for more short-term volatility from here to scalp opportunities. Both Bitcoin and BTC.D will play a role ‍♂️ [pic.twitter.com/wHFIz9S24J](https://t.co/wHFIz9S24J)
> 
> — CRYPTOWZRD (@cryptoWZRD_) [August 1, 2025](https://twitter.com/cryptoWZRD_/status/1951095840925425812?ref_src=twsrc%5Etfw)

Intraday analysis shows $3.23 as a key resistance level. Trading above it could support long positions, while a drop below $3 keeps conditions bearish. The analyst expects short-term volatility, with Bitcoin and its dominance likely to guide market direction.

## **Market Structure and Whale Activity**

A double bottom pattern may be forming as XRP bounced twice from the same support level. A confirmed break above the pattern’s resistance would open the way for a new attempt at recovery.

On-chain data shows mixed whale behavior. Large holders have sold roughly $28 million worth of XRP per day over the last 90 days.

At the same time, over 310 million XRP tokens, valued at nearly $1 billion, were accumulated during the recent correction as exchange balances fell, showing movement toward off-exchange storage.

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