Darling, XRP has decided to take a rather dramatic nosedive, plummeting a staggering 11% in the last 24 hours. 🌪️ One might say it’s been a rather ghastly month for the poor dear. This little dip was set off by the SEC’s sudden cold feet over Bitwise’s XRP-containing ETF between July 22-24. Not only did this stunt block a whopping $1.86B in BITW assets from prancing over to regulated exchanges, but it also cast a rather dubious shadow over XRP’s regulatory status. And let’s not forget Grayscale’s GDLC ETF, which has also been put on ice. 🧊
So, the burning question is: Will XRP’s downward spiral continue to plummet below $3, or will the bulls sweep in like knights in shining armor? 🐂 Join me as we unravel this rather intriguing short-term Ripple XRP price prediction. 🕵️♂️
Is User Confidence Taking a Holiday?
According to Santiment, XRP’s 24-hour active addresses took a rather significant tumble following the ETF freeze, dropping to nearly 54k amidst widespread panic. However, the data now shows a slight recovery to 57.7k, suggesting that users are cautiously tip-toeing back. 🚶♂️

While this little bounce isn’t quite a strong reversal signal, it does hint that interest in the network hasn’t completely evaporated. If active participation rises above 60,000 again, it could be an early sign of a potential shift in sentiment from fear to recovery. 🌈
Ripple XRP Price Analysis:
XRP price, at the time of press, is trading at $3.11, marking a rather steep drop of 11%. Consequently, the market capitalization slid to $184.46 billion. Meanwhile, the 24-hour trading volume spiked by 92.74% to $14.48 billion, reflecting intense selling pressure. 📉
Technically, XRP was rejected at $3.65 on July 23, triggering a breakdown below the 100-hour SMA at $3.45 and the 23.6% Fibonacci level at $3.28. The short-term resistance is at $3.303 and $3.497. The hourly RSI has plunged to 27.65, deep in oversold territory, and the MACD confirms bearish crossover momentum. 🐻

That being said, the key support zones now lie at $3.05 (38.2% Fib) and $2.849, near the 50% Fib retracement. A break below $3.05 could send the XRP price tumbling toward $2.60. However, oversold indicators and rebounding on-chain activity suggest a possible short-term bounce. 🏀
FAQs
Why is XRP price down today?
The XRP price is down today as the SEC abruptly froze approval for Bitwise’s XRP ETF, igniting fears of regulatory setbacks. ❄️
Where is the XRP price heading next?
The support for XRP sits at $3.05 and $2.849, while the resistance is at $3.303 and $3.497. 🚦
Is XRP oversold?
Yes, the RSI is at 27.65, suggesting oversold conditions and a possible relief bounce. 🛑
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2025-07-24 09:24