📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
Recently, the XRP market has shown remarkable dynamics. The latest data indicates that during the 48 hours from August 7 to 9, large investors accumulated over 50 million XRP tokens, amounting to approximately $165 million. This move coincided with XRP shaking off the shadow of the SEC lawsuit, with its price climbing from $2.8 in July to $3.33, a rise of 17%.
However, market analysts remind investors to exercise caution. Technical indicators suggest that a pullback may occur in the short term. $4220 is seen as a key resistance level, and if it cannot be broken, it may lead to a price retreat.
There are various speculations in the market regarding the reasons for the large purchases by whales at this time. Some believe this may be related to Ripple's project development in the field of Real-World Assets (RWA). Another explanation is that institutional funds may be seizing the opportunity to build positions at lower levels. Additionally, some analysts point out that as the risk of the SEC lawsuit diminishes, investor confidence is being boosted.
There are two possible directions for the future market. If XRP can break through $4220 with increasing trading volume, it may replicate the previous astonishing rise of 54% or even 630%. Conversely, if the trading volume is insufficient or the economic data is poor, it may trigger a decline.
Overall, the recent capital inflows have injected new vitality into the XRP market. However, the final trend still needs to comprehensively consider both the capital situation and technical factors. Investors should fully weigh risks and opportunities and maintain rational judgment when making decisions.