news 
XRP Price Today: Whales Are Buying the Dip Ahead of ETF Launch
The price of Ripple’s cryptocurrency, XRP, has been experiencing some volatility in recent hours. In the last 24 hours, XRP price slid by 3.3%, dipping to $2.84 before bouncing back, despite posting a 7-day gain of over 26%. What stands out isn’t the drop, but the tight volatility range ($2.82–$2.87) where trading volume has surged.
According to analysts, this isn’t just noise – it’s a signal of range-bound accumulation by high-volume players preparing for a bigger move. “This is not a crash. This is a shakeout and a positioning reset,” says one market strategist.
Market psychology plays an important role in the XRP price today as institutions are seen to be selling off their holdings above $3, only to accumulate near the support level of $2.80. This behavior suggests that institutional investors are locking in profits ahead of the ETF launch.
What’s more significant is the rapid re-accumulation near support. The surge in volume at dips implies smart money isn’t exiting but rather rotating positions. This pattern is a classic example of market manipulation meets strategic entry, a familiar setup before major catalysts like ETF listings.
The current XRP structure suggests that we are currently in a range trading zone where market makers are collecting liquidity. With support near $2.80 and resistance around $3.02: Whales are stacking positions near support. Short-term traders are selling strength near $3.
The ETF launch event is already priced in, but there’s still a risk of a low-liquidity pump or dump post-launch.
Source: coinpedia.org
