XRP Plummets Below $3! Analysts Say ‘Hold On!’

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Amid the broader crypto market correction today, XRP found itself in a pickle, dropping 6% and tumbling below the “crucial” support of $3.0. How droll! 🦝

The Ripple-related cryptocurrency has taken a 10% nosedive from its weekly high of $3.30. And to top it off, trading volumes have surged to $7.5 billion, proving that bears are out in full force, snorting and snarling like a troupe of disgruntled raccoons 🐿️.

Investors Don’t Need to Panic on XRP Price Drop

Crypto analyst Javon Marks, with the optimism of a man who’s just won the lottery, has set a new short-term target of $4.804. According to him, XRP is trading well above the previous $2.47 target, which now serves as support. It’s like saying a ship is afloat because it’s still above the waterline—true, but not exactly thrilling 🚢.

$XRP maintaining well above the $2.47 target and this means that the current target is at $4.804!

With this target now in play, prices of XRP can have room to climb another +44% to reach it and a break above would bring in play the next target at precisely, $7.138…

— JAVON⚡️MARKS (@JavonTM1) July 28, 2025

With the $4.804 mark now in focus, XRP could potentially rally another 44% from its current levels. Marks added that a successful breakout above this resistance could open the door to the next upside target of $7.138. A dream, perhaps, but dreams are free! 🌙

Today’s XRP price drop comes as the XRP futures open interest has tanked 15% in the last two weeks. But don’t fret, the whale activity surrounding Ripple’s altcoins has remained strong, as if they’re swimming in a sea of gold coins 💰.

XRP Dominates Over Ethereum in Transaction Revenue

On July 31, crypto exchange Coinbase (NASDAQ: COIN) revealed its Q2 results, showing that XRP contributed more than Ethereum in the exchange’s transaction revenue. It’s like a squirrel outperforming an elephant in a race—impressive, but not exactly a surprise 🐿️.

According to Coinbase’s Q2 shareholder letter, XRP accounted for 13% of consumer transaction revenue, slightly surpassing Ethereum’s 12%. This marks a shift from Q1, when XRP’s share was lower at 10%. Speaking on the development, Juan Leon, research analyst at Bitwise Asset Management, told Decrypt:

“In Q1, the SEC withdrew its appeal in the Ripple case, affirming that XRP’s secondary-market sales weren’t securities. That legal win sparked a rally in XRP’s price and retail interest in trading the token.”

On the other hand, discussions around the approval of spot XRP ETF have gathered steam once again. Bloomberg analyst Eric Balchunas stated that this could happen by September or October this year. Let’s hope the wait isn’t as long as a squirrel’s nap 🐿️.

BEST Wallet Crypto Presale Grabs Limelight

The BEST Wallet token is grabbing the limelight as one of the best crypto presales currently in the market, having raised a hefty $14.4 million so far. It’s like a circus act that’s both flashy and slightly suspicious 🎪.

The BEST utility token powers the Best Wallet ecosystem, a non-custodial wallet supporting over 60 blockchains with features like a built-in DEX aggregator and a discovery launchpad for new presales.

BEST enhances the user experience by offering reduced transaction fees and exclusive perks, including priority access to early-stage projects on the launchpad. This gives holders a strategic first-mover advantage and access to the lowest available token prices. A deal too good to be true? Perhaps, but the devil is in the details 🕵️‍♂️.

Presale Update:

  • Current Price: $0.025415.
  • Total Raised: $14.40 million.

Token Ticker: BEST.

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2025-08-01 15:44