XRP has slipped below $3, experiencing a significant decline of 5.4%, dropping from $3.14 to $2.97 in just under 24 hours. This pullback, the steepest since July, occurred amidst increased retail selling pressure while whale investors capitalized on the dip by purchasing 440 million XRP tokens valued at approximately $3.8 billion. The trading activity suggests a divergence between retail capitulation and institutional accumulation at the $3.00 support level. A symmetrical triangle indicates a potential breakout target of $3.90 if the $3.26 resistance is breached. Resistance and support levels have adjusted, with key resistance at $3.08–$3.14 and support at $2.96–$2.97. Market sentiment reflects broader crypto weakness, raising questions about whether whales will continue absorbing dips or if XRP will plummet further below its key support.

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