TL;DR
- XRP experienced a dip to $3.00 before recovering, triggered by significant selling volume testing key support levels.
- Signs of institutional accumulation surfaced with over 320 million XRP purchased by large wallets, hinting at renewed buying pressure.
- Analysts anticipate an expansion phase for XRP, eyeing a $7 price target as the asset undergoes a breakout retest.
XRP Price Retreats Amid Market Liquidations
XRP saw a 6% decline over 24 hours, dropping to $3.00 before a modest recovery. This downward trend aligned with a broader cryptocurrency market sell-off driven by liquidations exceeding $1 billion, marking XRP’s lowest valuation in over a week.
The 24-hour trading volume surpassed $11.1 billion, witnessing intense selling pressures during early trading hours. Notably, XRP recorded a peak hourly trading volume of 436.98 million units this quarter. Later, buying activity stabilized the price around $3.12.
Institutional Interest Sparks Accumulation Signals
Crypto analysts suggest that XRP has transitioned from accumulation to an expansion phase, targeting $7 in the current cycle. This projection is backed by chart analysis and growing attention from major market players.
$XRP is gaining momentum with increasing institutional involvement.
We are now entering the anticipated phase:
Manipulation phase concluded
Accumulation phase completed
Expansion phase loading…
The chart and fundamentals are aligning for substantial growth.
My target this cycle is $7.00
If you overlook… pic.twitter.com/RcK5D3mcEJ
— Crypto King (@CryptoKing4Ever) August 14, 2025
Furthermore, on-chain data from Ali Martinez reveals that significant holders acquired approximately 320 million XRP in the last three days, amounting to around $1 billion. Such large-scale purchases often alleviate short-term selling pressures and influence market sentiment.
The price movement of XRP indicates a shift post a decisive breakout in mid-July, with a subsequent 66% surge before entering a consolidation phase. Observations from Crypto King’s chart suggest XRP might be entering the expansion stage.
Another chart shared by CryptoBull illustrates XRP trading within a symmetrical triangle pattern on a 4-hour timeframe. The price retracement to test prior resistance, now acting as support, is a positive sign in healthy market trends, indicating buyer participation post-consolidation.
Market Scenario and Technical Analysis
The recent cryptocurrency price drop mirrors a broader decline in risk assets, including a profit-taking trend in U.S. equity markets, potentially impacting digital assets.
Despite the market correction, Ripple’s CTO reiterated XRP Ledger’s significance in supporting financial systems. Traders are closely monitoring XRP’s price near crucial support levels, anticipating strength indicators as the expansion phase unfolds.
The original article was published on CryptoPotato.
