XRP Drops Below $3 Amid Legal Uncertainty, High Network Activity

In late July 2025, XRP experienced a significant downturn, falling more than 6% due to a mix of macroeconomic pressures, including the U.S. Federal Reserve's decision to maintain interest rates and new tariffs impacting global trade, which dampened investor risk appetite and led to widespread selling, especially by large holders and whales. Despite this correction, technical analysis shows XRP price fluctuating between $2.92 and $3.61, with potential for a bullish breakout if it surpasses the resistance level of $3.97, possibly reaching up to $4.66, supported by a new mining strategy from Ripplecoin Mining that offers passive income opportunities to holders. Technical indicators reveal a cooling momentum as XRP fell below its Bollinger Bands' midline, suggesting a possible continued downward test toward support levels around $2.76 to $2.39, though the token is not in freefall and may consolidate rather than collapse. On-chain data reveals sustained network activity, with over 500 million XRP moved in a day, indicating continued institutional and whale participation despite price dips, and technical fundamentals imply a potential pause in the decline rather than a complete reversal. Overall, the XRP market appears to be at a critical juncture with mixed signals: bearish pressures from macroeconomic and regulatory uncertainty coexist with technical and network activity that point to possible stabilization and renewed upward momentum.