XRP, one of the significant assets in the cryptocurrency market, demonstrates volatility and changes in the behavior of large investors. Recent price fluctuations and institutional actions attract interest from analysts and investors.
XRP Volatility
In the past 24 hours, XRP experienced notable price fluctuations. On July 31, the price reached $3.17, then dropped to $2.94 after midnight on August 1, marking an 8% decrease. During this period, a sharp decline of 2.7% was observed, coinciding with an extraordinary increase in trading volume, which amounted to $259.21 million, quadrupling average figures.
Movements of Major Investors
Market data indicates that over the past 90 days, large investors have sold an average of $28 million worth of XRP daily. This information points to a growing distribution trend within the market. Additionally, during correction phases, over 310 million XRP was accumulated, roughly valued at $1 billion. The decrease in XRP balances on exchanges might indicate potential new capital inflows into the market.
Future of XRP and Institutional Participation
The participation of Maxwell Stein, BlackRock's Digital Assets Director, in the Ripple Swell 2025 conference is viewed as a signal of ongoing interest from institutional investors. His participation is interpreted as a signal for potential future investment products related to XRP. Investors and analysts are closely monitoring whether the $2.94–$2.95 range will hold as support, as well as potential actions from major investors and whether institutional activity will continue.
The developments in the XRP market are under scrutiny, especially in light of recent price movements and the activity of major players. Monitoring key support and resistance levels will assist in predicting further market changes.
