XRP Whales Cash In Big Amid Trump’s Tariff Shock, But XRP Price Struggles to Break $3.00

After a period of severe volatility, the XRP price has returned to the spotlight. In three days, the investors profited by $2 Billion. The spike coincided with Donald Trump’s tariff announcement on Canada, Mexico, and China.

The XRP price has returned to the limelight after a period of severe volatility. In three days, investors have profited by $2 Billion. The spike coincided with Donald Trump’s tariff announcement on Canada, Mexico, and China.

This further triggered market-wide reactions. Now, the XRP price has aimed at breaching above $3.00. However, strong opposition may impede its progress.

Whale activity soared during XRP’s 30% surge, with الكبير في السنたちも cashing in on the quick profits. On-chain data from Santiment showed a spike in whale transaction counts. Trades above $100K and $1 Million soared. This signaled large-scale profit-taking.

Over the past three days, the realized profit has reached $2 Billion. It’s one of the highest figures in XRP’s trading history.

However, fear still grips the market. XRP’s funding rates and weighted sentiment have plunged to levels last seen in August. This further showed traders have remained cautious.

Historically, extreme negative sentiment has set the stage for price recoveries. The key test now is $3.00—a breakout above this level could fuel another rally.

The XRP price has surged 30% in the past 24 hours, but it faced strong opposition at $3.00. The token bounced from lows of $1.90 to reclaim $2.40. Bulls are now eyeing the psychological level, a key resistance point that could dictate XRP’s next major move.

Data from Coinglass revealed that the liquidations of Ripple soared, with $103 Million wiped from futures positions. The breakdown showed $74.67 Million in long liquidations and $28.28 Million in shorts. This highlighted the extreme volatility.

According to the daily chart data, the XRP price was strongly supported at $ 1.94 because of the key Fibonacci retracement level. The next challenge was $2.64, which aligns with the 0.618 Fibonacci retracement.

It is a level known for triggering trend reversals. A breakout here could fuel a move toward $3.00 and possibly $3.40, its highest price in seven years.

However, failing to breach the descending trendline resistance could significantly drop the price below $1.96, invalidating the bullish thesis. Meanwhile, open interest in XRP’s future remains low.

It declined from 2.05 billion XRP to 1.50 billion XRP. This suggested that investors are still cautious despite the recent recovery.

Meanwhile, pro-XRP analysts remain confident that a strong rebound is coming. Popular X user EGRAG CRYPTO called the current price drop a “buy-the-dip opportunity.”

On the other hand, another user, JackTheRippler, went as far as selling their house to accumulate more XRP. Their bullish outlook suggested that traders have positioned themselves for a major price move.

While traders are focused on the short-term moves, analyst Dark Defender predicted a larger rally for the XRP price. According to their Elliott Wave analysis, XRP completed its 4th wave correction and was primed to move toward $5.85.

According to his analysis, the XRP price has followed a long-term Elliott Wave structure since July 2023. At that time, the token traded at $0.40-$0.50. If this structure holds, XRP could surge beyond $5.85, with a Primary Cycle target of $18.22 in the long run.

Before XRP can attempt $5.85, it must first defend its key support at $1.90. According to EGRAG CRYPTO, this level serves as the last line of defense before further downside risks emerge.

His analysis also showed that XRP has retested the 21 EMA. Furthermore, the token could drop as low as $2.30 before resuming an uptrend.

The XRP price was battling key resistance at $3.00 after a 30% surge. A breakout could fuel a rally toward $5.85, but bears remain active.

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